Pass L3M1 Exam to Get CIPS Certification

The L3M1 exam is hot, and passing it requires a deep understanding of CIPS solutions. Practicing with CIPS L3M1 dumps questions can help you reinforce your knowledge and increase your chances of passing the exam. L3M1 dumps are available to help you prepare for the L3M1 exam. Using L3M1 exam dumps questions is one effective way to supplement your study plan and increase your chances of success on exam day. Test free CIPS Level 3 Advanced Certificate in Procurement and Supply Operations L3M1 exam dumps below.

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1. On a diagram of the Product Life Cycle, the x-axis shows:

Growth

Time

Decline

Profit

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2. Thinking of Michael Porter’s Industry Structure Analysis (commonly referred to as Five Forces Analysis), the content of the centre circle is about:

Governmental regulation of competition within an economy

Competitive rivalry within the industry

Governmental interference in an industry

Competitor price-cutting to increase market share

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3. Which of the following would not normally be seen as part of public sector procurement?

Achieving defined service levels

Personal bonus payments for procurement staff, linked to savings made

An emphasis on the use of the competitive principle

Personal financial rewards from suppliers for buyers in return for awarding contracts

Pursuit of equal opportunities policies, internally and externally

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4. The film 'An Inconvenient Truth', made by former US Vice-President, Al Gore, is about:

Political lobbying and corruption

Biodiversity

Climate change

Ethics in commercial environments

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5. ‘The optimum combination of whole life costs and quality’ is one definition of:

Quality circles

Life cycle costing

Contractual agreement (in English law)

Value for money

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6. The letters 'NFP' mean...

Newly focused (on) profit

Not for procurement

Non-funded purchase

Not-for-profit

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7. One textbook (Profex Publishing) for this course under the heading 'Right price for the supplier' refers to:

‘A price which allows the seller to win business, in competition with other suppliers (according to how badly it needs the business, and the prices being charged by its competitors)’

Which of the following mechanisms is being referred to here?

Face-to-face negotiation

A tender exercise

Cost analysis

Litigation

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8. Which of the following is least risky from the buyer’s viewpoint?

Payment on delivery

Payment of 50% at time of order; with balance to be paid 90 days after delivery

Payment in full at time of order

Payment 60 days after delivery

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9. Protecting domestic industry from the effects of global competition is known as:

Preventionism

Interventionism

Protectionism

Globalism

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10. Which of the following would often be subject to health and safety legislation?

The need for appropriate firefighting equipment in a factory

The manual lifting of heavy objects

Floors, passages and stairs should be properly constructed, maintained and kept clear

Smoking cigarettes inside offices, factories and other buildings

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11. Which of the following are examples of non-renewable resources?

Wind power from wind turbines

Coal

Hydro-electric

Oil

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12. Which of the following constitute non-tariff barriers to trade?

Increased import duties

Complex customs procedures and paperwork for any goods crossing borders

Reduced import duties

Government subsidies to domestic producers

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13. As well as a Goods Received Note (GRN), three-way matching to authorise a payment to a supplier should involve two other documents.

Which two?

Service Level Agreement

Invoice

Purchase Order

Bill of Materials

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14. Which of the following are examples of renewable resources?

Hydro-electric

Coal

Oil

Wind power from wind turbines

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15. Which of the following are normally not a source of funds for a third sector organisation?

Proceeds from sales of tobacco products

Proceeds from gambling (Correct)

Grants from taxpayers

Charitable contributions

Merchandise sales revenue

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16. The 'five forces' model is also known as an 'Industry Structure Analysis'.

True or false?

True

False

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17. A market situation where there is only one supplier is called:

Oligopoly

Imperfect competition

Monopsony

Monopoly

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18. The primary purpose of a public sector organisation is to:

Boost national prestige

Create jobs

Make profit

Provide services

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19. Which one of the following is a commercial document issued by a seller seeking payment for goods or services?

Invoice

Supplier quotation

Pre-qualification questionnaire

Delivery note

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20. 'Shareholders are an example of stakeholders'. True or false?

True

False

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21. The system by which organisations are directed and controlled, thinking about business ethics and stakeholder responsibility, and where Directors may be held to account, is called:

Corporate Identity

Corporate Social Responsibility

Corporate Manslaughter

Corporate Governance

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22. A limited company is an incorporated body.' True or false?

True

False

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23. The letters 'MNC' stand for:

Multi-national co-operative

Multi-national corporation

Multi-national conglomerate

Multi-national company

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24. In Hofstede’s dimensions of differences in national cultures, which one measures the extent to which security, order, control and predictability are preferred to ambiguity, risk and change?

Long-term orientation

Power-distance

Individualism

Masculinity

Uncertainty avoidance

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25. Thinking of Michael Porter’s Industry Structure Analysis (commonly referred to as Five Forces Analysis), which of the following are seen as threats (select all that apply):

Substitutes

Buyers

New entrants

Suppliers

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26. Which of the following are core stakeholders of a private sector organisation? Select all that apply.

The local authority / government where the headquarters building is located.

Customers

The insurers of the headquarters building

Shareholders

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27. A 'firm price' and a 'fixed price' are the same thing.

True or false?

True

False

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