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Most Recent CIPS L3M2 Exam Questions & Answers
Prepare for the CIPS Ethical Procurement and Supply 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 L3M2 exam and achieve success.
The questions for L3M2 were last updated on Nov 15, 2024.
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Cause and effect diagrams, also known as Ishikawa diagrams, are sometimes also known, because of their shape, as:
Fishbone diagram.
An internet-based auction between competing sellers or suppliers in real time, is called a:
Reverse e-auction.
This term is used in your syllabus.
'A high degree of skill or expertise'
This is a definition of 'proficiency'.
Individuals, units, teams, groups or organisations that have an influence over procurement, or which are affected by procurement operations, can be called:
The others may be stakeholders, but the answer is 'stakeholders' - those who have a legitimate inter-est in what is going on.
Accurate specification of requirements along with suitable-chosen quality standards is most likely to influence which of the five Rights?
Quality.
Specification is fundamental to receiving the right quality.
Standards can be seen as a form of specification intended for recurrent use (Lysons)
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