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

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 2

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 3

Which of the following constitute non-tariff barriers to trade?

Options :

A : Increased import duties

B : Complex customs procedures and paperwork for any goods crossing borders

C : Reduced import duties

D : Government subsidies to domestic producers

Answer: B,D

Question 4

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 5

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

Options :

A : Delivery note

B : Pre-qualification questionnaire

C : Invoice

D : Supplier quotation

Answer: C