Free Preparation Discussions
MENU
CIPS L3M1 Exam Questions
- Topic 1: Different Sectors of Procurement and Supply: Under this heading, there are different subtopics of the various sectors of procurement and supply including description of the categories and functions of private sector, roles, and scope of procurement in the private, public, not-for-profit/third sectors. Understanding the above sub-topics is very essential in an attempt to understand the concept of procurement and supply in general in these different sectors.
- Topic 2: Types of Pricing Arrangements in Commercial Agreements: It focuses on explaining pricing arrangements of use in commercial agreements so an entity can have the most effective price and cost management. This sub-topic is important because through this the role of pricing in procurement and supply can be deciphered.
- Topic 3: External Environment and Its Impact on Procurement and Supply: The external environment and their impact on procurement and supply comprise such subtopics as identification of the impact of the external environment and a description of implications of economic, political, legislative, environmental, ethical, and social criteria on the procurement and supply. Investigating these sub-topics is necessary for comprehending the external factors influencing procurement and supply.
- Topic 4: Procedures that Regulate Procurement and Supply: It refers to the regulations that guide procurement and supply. The subtopics discuss the types of documentation in procurement and supply and how these documented policies and procedures help in working within this field. Knowledge of the subtopics presents an essential overview of how regulatory aspects work in procurement and supply.
Free CIPS L3M1 Exam Actual Questions
Note: Premium Questions for L3M1 were last updated On Oct. 14, 2026 (see below)
The total variety of life on Earth' is CIPS' definition of:
Biodiversity is significantly under threat, with many species being lost almost daily on Earth.
The other answers given in response to this QUESTION NO :, whilst they can be seen as being broadly relat-ed do not fit the bill precisely.
The BBC's one-hour documentary (2020) 'Extinction - The Facts' explains in all-too-chilling detail the meaning of biodiversity, and is recommended viewing for all.
Think carefully.
There is low consumer demand; production capacity is unused; prices are stable or are falling; busi-ness profits are low; unemployment is high; and business confidence is low. Is this:
This is a description of a depression - the worst of all economic situations, which governments will do almost anything to avoid.
A recession is a decline in the performance of the economic factors mentioned (unemployment ris-es), and technically in the UK, a recession would be two successive quarters of decline (reducing economic activity / reducing GDP). A recovery is coming out of recession, and a boom is when the economy is in the opposite state to the depression shown in the question. Generally, an economy's behaviour is cyclical.
'Price' and 'payment terms' are the same thing.
True or false?
An easy question.
Price is what the customer will pay for goods or services eg fifty dollars; payment terms are the ar-rangements under which you pay the price eg in advance, on delivery, 30 days, 60 days, etc.
Although this may seem rather obvious, I have encountered a surprising number of people who seem to confuse the two.
Doing the same with fewer resources is:
Economy is most easily thought of as paying less, hopefully with no loss of quality, service, etc
Effectiveness is most easily thought of as achieving the right outputs.
What one really seeks is effectiveness. Unfortunately it is possible to be efficient without being ef-fective. An example from my work life is the collection of statistics / 'returns'. I have come across parts of organisations which were very efficient at collecting data, but the data were not used in any meaningful way - the outputs of the efficiency did not add value and did not create useful outputs. There was a lack of effectiveness. The distinction is worthwhile, I think.
The idea / practice that some users / internal customers will spend organisational funds without in-volving procurement professionals when required to do so by organisational rules, is called:
One of the best ways to combat maverick buying is for procurement to be seen to be doing a good job, reducing the justification in colleagues' minds for going outside the system.
The other terms shown in the answers are simply made up to create the question.
This is your final question in this practice exam - good luck in the real exam!
- Select Question Types you want
- Set your Desired Pass Percentage
- Allocate Time (Hours : Minutes)
- Create Multiple Practice tests with Limited Questions
- Customer Support
David Stewart
26 days agoStephen Sanchez
1 month agoPatricia Torres
2 months agoGerald Jones
2 months agoDennis Lewis
3 months agoDeborah Ramirez
3 months agoMonica Flores
4 months agoEmma Robinson
5 months agoSharon Rogers
5 months agoDennis Flores
5 months agoKevin Clark
6 months agoAshley Turner
5 months agoDonald Allen
5 months agoThomas Hall
6 months agoFrank Nelson
5 months agoCharles Davis
5 months agoAnika
6 months agoTayna
7 months agoDelfina
7 months agoEric
7 months agoEden
7 months agoKimi
8 months agoCarey
8 months agoShala
8 months agoSharee
8 months agoEsteban
9 months agoOlene
9 months agoElenora
9 months agoLuisa
9 months agoRusty
10 months agoAlba
10 months agoGertude
10 months agoDyan
10 months agoGayla
11 months agoIvette
11 months agoDesmond
11 months agoShelton
11 months agoEva
12 months agoBrett
12 months agoHaley
1 year agoJuan
1 year agoTimothy
1 year agoErick
1 year agoBettina
1 year agoAngella
1 year agoFarrah
1 year agoBilly
1 year agoDorothy
1 year agoMariann
1 year agoChan
1 year agoMargart
1 year agoMabelle
1 year agoSage
1 year agoFelix
1 year agoMammie
1 year agoBuddy
2 years agoCeleste
2 years agoOtis
2 years agoKenneth
2 years agoEulah
2 years agoElin
2 years agoEladia
2 years agoIzetta
2 years agoRefugia
2 years agoBenton
2 years agoHermila
2 years agoMichal
2 years agoAnnice
2 years agoCassie
2 years agoAnjelica
2 years agoParis
2 years agoChristiane
2 years agoTheron
2 years agoDannie
2 years agoEarleen
2 years agoElenora
2 years agoNohemi
2 years agoJesusita
2 years agoShalon
2 years agoAntione
2 years agoRosalind
2 years agoCharlena
2 years agoMyra
2 years agoTruman
2 years agoArletta
2 years agoAnastacia
2 years agoRyann
2 years agoDenny
2 years agoMarshall
2 years agoHobert
2 years agoMichell
2 years agoEvangelina
2 years agoPenney
2 years agoIvory
2 years agoWinfred
2 years ago