Online Access Free L3M2 Exam Questions

Which of the following are likely to encourage sound ethical practices within a procurement department?

• A.Annual audits
• B.After-hours socialising to develop better relationships with suppliers
• C.Modest salaries
• D.Encouraging membership of CIPS for all staff
• E.Generous levels of workplace training

Value can be added through XXXX reduction or by making a process more efficient or more effective'

• A.Cash
• B.Cost
• C.Value
• D.Profit

An effective specification is one that is (select all that apply):

• A.Current - up to date with the latest technology, standards, etc
• B.Clear and unambiguous
• C.Compliant with all legislation
• D.Comprehensible to all
• E.Comprehensive - leaving nothing to doubt or misinterpretation
• F.Concise - succinct

'A product will not survive commercially unless it satisfies XXXX needs'. Which one of the follow-ing is the most important fit for XXXX?

• A.Customer
• B.Manufacturer
• C.Government agency
• D.Sales and marketing

Individuals, units, teams, groups or organisations that have an influence over procurement, or which are affected by procurement operations, can be called:

• A.Customers
• B.Stakeholders
• C.Shareholders
• D.Wholesalers