CIPS L3M1 Exam Actual Questions

Increasingly practised, albeit often quietly, protectionism seeks to protect domestic industries, re-ducing access to markets for foreign companies. The aim is normally to protect domestic worker's jobs, often with an eye on domestic politics. Industries recently (late 2020) mentioned in this subject area include agriculture, airlines, defence, shipbuilding, steel, etc - not just in UK or Europe, but worldwide.

The World Trade Organisation seeks to reduce protectionism - an activity supported by many econ-omists, as globalism is believed by many to increase global wealth overall.

However, this is not clear cut, and there are a variety of views.

Interventionism is not relevant to this QUESTION NO :, and preventionism is a made-up word.

Gross National Product; Gross Domestic Product.

Seen by some commentators as outdated measures, although it's difficult to know what they should / would be replaced by.

Pre-qualification QUESTION NO :naire is the correct answer.

A supplier quotation comes from the supplier side; both the RFQ and the ITT are intended to be more formally binding, including the price element, than what is described here.

It's climate change.

Interestingly I've seen writings from climate activists who say that the film provides clear evidence that human-made climate change will be disastrous for the human race; and I've seen writings from climate-change deniers saying that if things were that bad we'd have become extinct a while ago. You decide.

'Multi-national corporation' is the correct answer. Very large international organisations, with very large turnover, purchasing power and influence. Examples would include: Alphabet, Amazon, Ap-ple, Dell, Ford, Shell, Toyota, etc