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CIPS L3M1 Exam With Confidence Using Practice Dumps

Exam Code:
L3M1
Exam Name:
Procurement and Supply Environments
Vendor:
Questions:
90
Last Updated:
Apr 27, 2025
Exam Status:
Stable
CIPS L3M1

L3M1: CIPS Level 3 Advanced Certificate in Procurement and Supply Operations Exam 2025 Study Guide Pdf and Test Engine

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Procurement and Supply Environments Questions and Answers

Question 1

A contract clause which entitles the buyer to hold back 5% of the final price for six months to en-sure everything is in order is known as a --------- clause:

Options:

A.

Retention

B.

Redemption

C.

Intention

D.

Retainer

Buy Now
Question 2

Which one of the following is a document issued by a buyer to conduct an initial assessment of the suitability of a potential supplier for possible future use, either for a specific requirement or to add to a list of approved suppliers?

Options:

A.

Pre-qualification QUESTION NO:naire

B.

Invitation to tender

C.

Supplier quotation

D.

Request for quotation

Question 3

Shareholders of a limited company are not liable for unpaid debts'. True or false?

Options:

A.

False

B.

True