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 Jul. 29, 2025 (see below)
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:
'Retention' - from the word 'retain', meaning to 'keep in place', 'hold back', 'keep possession of' something (Concise Oxford Dictionary, fifth edition) . In this case, 5% of the contract price.
Which of the following is likely to reduce 'capital growth'? Select all that apply.
Payment of high salaries and large allowances, may, fairly obviously reduce the amount of profit which can be retained for capital growth. If money is being distributed in this way, it isn't being re-tained.
A profitable company has a choice: to pay dividends to a greater or lesser extent; or retain some of its profits to a greater or lesser extent in the form of retained capital - capital growth.
Increased sales and increased profit may result in increased capital growth, all other things being equal, depending on the firm's dividend policy.
The Paris Agreement is about:
In 2015 an agreement was reached in Paris, France among most world nations to try to limit climate change and its effects.
The other answers shown are simply fictions.
Which one of the following is a commercial document issued by a seller seeking payment for goods or services?
This should be straightforward.
If unclear, check your notes / textbook.
Which of the following would be / should be subject to health and safety legislation?
All of these.
- Select Question Types you want
- Set your Desired Pass Percentage
- Allocate Time (Hours : Minutes)
- Create Multiple Practice tests with Limited Questions
- Customer Support
Mariann
19 days agoChan
24 days agoMargart
1 months agoMabelle
2 months agoSage
2 months agoFelix
3 months agoMammie
3 months agoBuddy
4 months agoCeleste
4 months agoOtis
5 months agoKenneth
5 months agoEulah
5 months agoElin
6 months agoEladia
6 months agoIzetta
6 months agoRefugia
6 months agoBenton
7 months agoHermila
7 months agoMichal
7 months agoAnnice
7 months agoCassie
8 months agoAnjelica
8 months agoParis
8 months agoChristiane
8 months agoTheron
8 months agoDannie
9 months agoEarleen
9 months agoElenora
9 months agoNohemi
9 months agoJesusita
9 months agoShalon
10 months agoAntione
10 months agoRosalind
10 months agoCharlena
10 months agoMyra
10 months agoTruman
11 months agoArletta
11 months agoAnastacia
11 months agoRyann
11 months agoDenny
1 years agoMarshall
1 years agoHobert
1 years agoMichell
1 years agoEvangelina
1 years agoPenney
1 years agoIvory
1 years agoWinfred
1 years ago