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CIPS L3M1 Dumps

Exam Code:
L3M1
Exam Name:
Procurement and Supply Environments
Last Update: Jul 13, 2024
90 Questions with Explanation
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Procurement and Supply Environments Practice Questions

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Procurement and Supply Environments Questions and Answers

Questions 1

Which one of the following is a commercial document issued by a seller seeking payment for goods or services?

Options:

A.

Invoice

B.

Supplier quotation

C.

Pre-qualification QUESTION NO:naire

D.

Delivery note

Questions 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

Questions 3

Measurement of an organisation’s carbon footprint uses which gas as a standard measure?

Options:

A.

H2O

B.

CO

C.

CO2

D.

CO3