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CIPS L3M3 Exam With Confidence Using Practice Dumps

Exam Code:
L3M3
Exam Name:
Contract Administration
Vendor:
Questions:
90
Last Updated:
Apr 3, 2025
Exam Status:
Stable
CIPS L3M3

L3M3: CIPS Level 3 Advanced Certificate in Procurement and Supply Operations Exam 2025 Study Guide Pdf and Test Engine

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Contract Administration Questions and Answers

Question 1

Which one of the following is not an ā€˜Eā€™ from STEEPLE?

Options:

A.

Economic

B.

Ethical

C.

Environmental

D.

Epistemological

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Question 2

Imagine you discuss profit on an item for sale in your business as a percentage of the selling price. Assume the profit element represents 50% of the selling price. Is mark-up or margin being described here?

Options:

A.

Mark-up

B.

Margin

Question 3

Which two of the following constitute part of a common risk assessment or risk evaluation formula?

Options:

A.

Contingency

B.

Likelihood

C.

Impact

D.

Prevention