Pre-Summer Sale Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: get65

CIPS Updated L3M3 Exam Questions and Answers by zachariah

Page: 2 / 6

CIPS L3M3 Exam Overview :

Exam Name: Contract Administration
Exam Code: L3M3 Dumps
Vendor: CIPS Certification: CIPS Level 3 Advanced Certificate in Procurement and Supply Operations
Questions: 90 Q&A's Shared By: zachariah
Question 8

A sum of money credited to a buyer by a seller in recognition of a large volume of purchases bought throughout the previous year might be called a:

Options:

A.

Retrospective rebate

B.

Vendor debit

C.

Historic refund

D.

Retrospective reward

Discussion
Neve
Will I be able to achieve success after using these dumps?
Rohan Apr 22, 2026
Absolutely. It's a great way to increase your chances of success.
Ivan
I tried these dumps for my recent certification exam and I found it pretty helpful.
Elis Apr 4, 2026
Agree!!! The questions in the dumps were quite similar to what came up in the actual exam. It gave me a good idea of the types of questions to expect and helped me revise efficiently.
Lennie
I passed my exam and achieved wonderful score, I highly recommend it.
Emelia Apr 23, 2026
I think I'll give Cramkey a try next time I take a certification exam. Thanks for the recommendation!
River
Hey, I used Cramkey Dumps to prepare for my recent exam and I passed it.
Lewis Apr 20, 2026
Yeah, I used these dumps too. And I have to say, I was really impressed with the results.
Question 9

A contract clause indicating damages to be recovered in the event of under-performance, with the proposed damages being a genuine pre-estimate of loss, is called a:

Options:

A.

Punitive damages clause

B.

Liquidated damages clause

C.

Penalty clause

D.

Unliquidated damages clause

Discussion
Question 10

Which one of the following could not be classed as a form of performance specification?

Options:

A.

Functional

B.

Outcome-focused

C.

Output-based

D.

Input-driven

Discussion
Question 11

Win-win negotiation is not commonly described as a (choose the most appropriate):

Options:

A.

zero sun game

B.

someone game

C.

win some gain

D.

zero sum game

Discussion
Page: 2 / 6

L3M3
PDF

$36.75  $104.99

L3M3 Testing Engine

$43.75  $124.99

L3M3 PDF + Testing Engine

$57.75  $164.99