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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: August 23, 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

'EBI' stands for:

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Correct Answer: B

Early buyer involvement


Question No. 2

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. 3

The abbreviation 'KPI' stands for:

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Correct Answer: D

Key performance indicator, designed to monitor a small number of critically-important aspects of supplier performance, indicated within a contract or a service level agreement as part of a contract.


Question No. 4

A situation in which a person is in a position to derive personal benefit from actions or decisions made in their official capacity, is called:

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Correct Answer: A

The interests of your employer / official position (for example, to award a contract to the most suit-able bidder) may be in conflict with your personal interests (for example, to line your pockets to live more comfortably). Hence 'conflict of interest'.


Question No. 5

Which ISO standard describes quality as 'the degree to which a set of inherent characteristics fulfils requirements'?

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Correct Answer: A

The correct answer is ISO 9000 - this was based originally on the British Standard BS 5750.

ISO 14,001 is an environmental management standard.

ISO 19,000 is a management systems standard.


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