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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 Jan 20, 2025.
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Thinking of Carter's 10 C's, the 'c' for Commitment refers to:
Commitment to Quality.
You will need to know the 10 C's for various exams at Advanced Certificate, CIPS Diploma, and possibly beyond...
The Profex textbook for this subject, states that 'specifications are said to be 'the heart of the con-tract'. The book then goes on to state that goods supplied must be 'fit for...'
'Fit for purpose'.
This expression is used as / in definitions of quality, as well as being included in parts of UK legisla-tion (Sale of Goods Act).
A situation in which a person is in a position to derive personal benefit from actions or decisions made in their official capacity, is called:
The interests of your employer / official position (for example, to award a contract to the most suit-able bidder) may be in conflict with your personal interests (for example, to line your pockets to live more comfortably). Hence 'conflict of interest'.
A specification which focuses on the outputs of a requirement is called:
A performance specification concentrates on the outputs of whatever it is you're buying.
Thinking in accounting terms, when the cost does not match the budget figure, there could be said to be a:
Actual cost and budgeted costs may / will vary. Examples might include materials variances and labour variances.
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