CIPS Updated L3M2 Exam Questions and Answers by ishaq

Explanation

Procurement professionals may be faced with offers of gifts including money in return for awarding contracts to a particular bidder, or similar. This is an attempt at bribery, which is illegal in most countries, and would be a breach of the CIPS Code of Conduct if the buyer were to accept.

Anti-bribery legislation in countries such as the UK and US extends across borders, and penalties for breach of this legislation can include imprisonment.

Explanation

SPQR is a symbol of the Roman Empire, not a quality management concept.

Failure Mode and Effects Analysis, Total Quality Management and Statistical Process Control are all concepts which relate to quality management.

Explanation

You should be familiar with the meaning of the terms economy, efficiency and effectiveness and able to distinguish one from the other.

Explanation

Surety of supply is not in question; cost of supply is.

Sacking the Head of Procurement is probably a rash move, unless there is much more going on.

Using competition, and ensuring effective skills are in place would seem to be good options in the circumstances.