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CIPS Updated L3M1 Exam Questions and Answers by artur

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CIPS L3M1 Exam Overview :

Exam Name: Procurement and Supply Environments
Exam Code: L3M1 Dumps
Vendor: CIPS Certification: CIPS Level 3 Advanced Certificate in Procurement and Supply Operations
Questions: 90 Q&A's Shared By: artur
Question 24

The primary objective of a private sector organisation is...

Options:

A.

To boost national prestige

B.

To make profit

C.

To provide services

D.

To create jobs

Discussion
Question 25

Which one of the following is a document issued by a buyer to conduct an initial assessment of the suitability of a potential supplier for possible future use, either for a specific requirement or to add to a list of approved suppliers?

Options:

A.

Pre-qualification QUESTION NO:naire

B.

Invitation to tender

C.

Supplier quotation

D.

Request for quotation

Discussion
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Question 26

Which of the following would not be part of the not-for-profit sector?

Options:

A.

Trade unions

B.

A religious organisation, such as a church or a mosque

C.

Professional bodies such as CIPS

D.

A local independent supermarket

Discussion
Question 27

A market situation where there is only one buyer in the marketplace is called:

Options:

A.

Perfect competition

B.

Oligopoly

C.

Monopoly

D.

Monopsony

Discussion
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