Higher Test Marks with Free Online L3M1 Exam Practice

Assess the CertsIQ’s updated L3M1 exam questions for free online practice of your Procurement and Supply Environments (L3M1) test. Our L3M1 dumps questions will enhance your chances of passing the Level 3 Advanced Certificate in Procurement and Supply Operations certification exam with higher marks.

Question 1

An arrangement between a buyer and a supplier in which they agree to apportion benefits (such a reduced costs, or increased outputs) arising from particularly sound contract performance may be called:

Options :

A : Painshare

B : Fair share

C : Gainshare

D : Stocks and shares

Answer: C

Question 2

The film 'An Inconvenient Truth', made by former US Vice-President, Al Gore, is about:

Options :

A : Political lobbying and corruption

B : Ethics in commercial environments

C : Climate change

D : Biodiversity

Answer: C

Question 3

The Paris Agreement is about:

Options :

A : Climate change

B : European free trade

C : Taxation on fashion houses

D : Rail freight rates

Answer: A

Question 4

Which one of the following is a document describing the requirement of a buying organisation, and may be used in seeking quotations or in a tender process? It may take the form of a written description, drawing, model, chemical formula, etc.

Options :

A : Request for proposal

B : Service level agreement

C : Requisition

D : Specification

Answer: D

Question 5

Which of the following would not normally be seen as part of public sector procurement?

Options :

A : Achieving defined service levels

B : An emphasis on the use of the competitive principle

C : Personal financial rewards from suppliers for buyers in return for awarding contracts

D : Personal bonus payments for procurement staff, linked to savings made

E : Pursuit of equal opportunities policies, internally and externally

Answer: C,D