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CIPS L3M2 Exam Dumps

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L3M2 Pack
Vendor: CIPS
Exam Code: L3M2
Exam Name: Ethical Procurement and Supply
Exam Questions: 90
Last Updated: June 27, 2026
Related Certifications: Level 3 Advanced Certificate in Procurement and Supply Operations
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Free CIPS L3M2 Exam Actual Questions

Question No. 1

'Expediting' is:

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Correct Answer: D

Expediting - a task, which in an ideal world would not normally need to exist - is seeking to ensure delivery is made in line with contract and / or organisational needs.

It has nothing to do with permission to spend, auditing, or preparing for an expedition.


Question No. 2

The usefulness of lifetime costing is for decision-making about whether to acquire an asset with an expected:

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Correct Answer: D

Lifetime costing is of greatest applicability when an asset has a long life.


Question No. 3

You work as a buyer for a large international corporation. You are currently involved in negotiating a high-value contract, and one of the supplier's representatives offers to take you to a dog-racing event, with all expenses paid. The offer is open to the whole of your procurement team. What do you do?

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Correct Answer: A

Surely you know readily you should decline?


Question No. 4

'Reputation gained through proficiency, ability or achievement' (as used in the CIPS Code of Con-duct)

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Correct Answer: C

The correct answer is 'stature' which is a word used in a heading within the CIPS Code of Conduct.

If you selected 'status' you cannot be blamed for selecting a response different to the correct one - the two are extremely closely linked. However as 'stature' is used by CIPS, I think I can just about get away with declaring that the correct answer.


Question No. 5

'Something which carries on over time, going round in repetitive circles', is called a:

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Correct Answer: B

It's a cycle.

This is relevant to the measurement of cycle times, as featured in your syllabus.


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