Ethical Procurement and Supply (L3M2) Free Practice Test

Question 1

Decisions which do not represent the best overall outcome for the organisation could be called:

A. Suboptical

B. Subtropical

C. Subliminal

D. Suboptimal

Correct Answer: D

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Question 2

Where the buyer's and seller's conditions of contract clash, this is commonly known as 'the battle of the...'

A. Bulge

B. Titans

C. Firms

D. Papers

E. Forms

F. Terms

Correct Answer: E

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Question 3

You have recently moved into the procurement department at your company, having earlier worked in the finance area in the same company for five years. You have decided to set up home with your partner, and you will need additional money to buy furniture, furnishings, etc. A friend has offered you extra part-time work at weekends, helping serve meals in their small family restaurant. Do you:

A. Accept the extra work, and let your employer know?

B. Accept the extra work, and say nothing to your employer?

C. Advise your friend you'll consult your employer, and let your friend know as soon as possible?

D. Decline the work on the basis that there is a potential conflict of interest (you may not work so effectively without weekend time off to relax)?

Correct Answer: C

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Question 4

Restricted or limited tendering is also sometimes known as:

A. Effective

B. Selective

C. Invective

D. Elective

Correct Answer: B

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Question 5

Which of the following most closely represents 'the five rights'?

A. PTQQQ

B. QQPPT

C. QQPTT

D. PPTTQ

Correct Answer: B

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Question 6

The abbreviation 'SOP' stands for:

A. Standard operations process

B. Standard operating procedure

C. Standard office procedure

D. System operating perfectly

Correct Answer: B

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Question 7

A single purchase agreement created to cover multiple repeat orders for supplies from a single source, is called a:

A. Call-off contract

B. Automatic replenishment

C. Single source tender

D. Frequency distribution

Correct Answer: A

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Question 8

'Sometimes descriptions of the need are best created by a cross-XXXX team'. What does XXXX represent here?

A. Funicular

B. Regional

C. Industrial

D. Functional

Correct Answer: D

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Question 9

The letters 'EOQ' refer to:

A. A person's level of 'emotional intelligence'

B. The idea of an optimum quantity to order

C. The idea of an optimum quality to order

D. The notion of there being a best time to order

Correct Answer: B

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Question 10

Regarding quality management, how many defects?

A. One

B. Two

C. Three

D. Zero

Correct Answer: D

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CIPS Ethical Procurement and Supply (L3M2) Free Practice Test