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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:
Dec 22, 2024
Exam Status:
Stable
CIPS L3M1

L3M1: CIPS Level 3 Advanced Certificate in Procurement and Supply Operations Exam 2024 Study Guide Pdf and Test Engine

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Procurement and Supply Environments Questions and Answers

Question 1

As well as a Goods Received Note (GRN), three-way matching to authorise a payment to a supplier should involve two other documents. Which two?

Options:

A.

Service Level Agreement

B.

Invoice

C.

Purchase Order

D.

Bill of Materials

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Question 2

A market situation where there is a small number of large suppliers is called:

Options:

A.

Oligopoly

B.

Monopoly

C.

Perfect competition

D.

Monopsony

Question 3

A limited company is an incorporated body.' True or false?

Options:

A.

True

B.

False