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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 4, 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

Which of the following are normally not a source of funds for a third sector organisation?

Options:

A.

Proceeds from sales of tobacco products

B.

Proceeds from gambling

(Correct)

C.

Grants from taxpayers

D.

Charitable contributions

E.

Merchandise sales revenue

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Question 2

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

Options:

A.

True

B.

False

Question 3

The abbreviation ‘SME’ stands for …

Options:

A.

Small and medium-sized entity

B.

Small and medium-sized enterprise

C.

Supply management enterprise

D.

Single-minded entrepreneur