Trusted Worldwide Questions & Answers
Most Recent CIPS L3M1 Exam Questions & Answers
Prepare for the CIPS Procurement and Supply Environments exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.
QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIPS L3M1 exam and achieve success.
The questions for L3M1 were last updated on Nov 19, 2024.
- Viewing page 1 out of 18 pages.
- Viewing questions 1-5 out of 90 questions
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?
The answer is uncertainty avoidance. Even if you have never heard of Hofstede, you can select the correct answer based on the explanation given in the QUESTION NO :.
Although the word 'culture' does not appear in the syllabus, much of Learning Outcome 3.0 can be seen as referring to culture. Some understanding of culture, both organisational culture and national culture is essential to human interactions in the procurement and supply environment. Check out Geert Hofstede's website to learn more about his work.
The primary objective of a private sector organisation is...
The primary objective of private sector is to create profit(s).
While the other answers may occur in private sector, they are not the primary objective.
The Paris Agreement is about:
In 2015 an agreement was reached in Paris, France among most world nations to try to limit climate change and its effects.
The other answers shown are simply fictions.
Sources of finance for a private sector entity primarily include (select all that apply):
Sources of funds for private sector commonly include revenues from sales, shareholders and long-term loans. Taxpayers would not normally be thought of as a source of funds for private sector, alt-hough in recent Coronavirus times, in some countries, such as the UK, businesses have received considerable support. But that is abnormal.
Short-term sources such as overdrafts are not to be relied upon on a regular or long-term basis.
Which one of the following is a commercial document issued by a seller stating what the cost would be of supplying certain goods or services, normally in response to an enquiry by the buyer?
It's a supplier quotation.
Both the RFQ and the PQQ (sometimes known as 'SQ') are issued by the buying side, not the sell-ing side.
A commercial invoice doesn't tell you what the price 'would be' - it tells you what is owed after the event (usually - an exception being with prepayment in mind; or a 'proforma invoice' which is issued in some circumstances, especially internationally).
Unlock All Questions for CIPS L3M1 Exam
Full Exam Access, Actual Exam Questions, Validated Answers, Anytime Anywhere, No Download Limits, No Practice Limits
Get All 90 Questions & Answers