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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: January 8, 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

The purpose of a specification is (select all that apply):

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Correct Answer: A, C, D

All of the ones shown, except acting as a means of exchange, which is one of the parts of a defini-tion of money.


Question No. 2

A short definition of quality sometimes used (including in some UK legislation), said originally to come from Joseph Juran, is:

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Correct Answer: B

Is it fit for purpose? Can it do the job required? This is one definition of quality.

The nearest answer to this would have been 'fitness for sale' perhaps, but this has no legal or such a strong traditional standing.


Question No. 3

Key Performance Indicators could be said to be:

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Correct Answer: B

SMART

Specific, measurable, achievable, realistic, timebound or similar.


Question No. 4

The budget for procurement staff costs is 100,000 but only 90,000 has been spent in the period. This has resulted in substantial further work for procurement staff members, sometimes working into the evening or at weekends.

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Correct Answer: D

As less has been spent than budgeted, the variance is favourable.


Question No. 5

Spot the odd one out.

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Correct Answer: C

You should be familiar with the meaning of the terms economy, efficiency and effectiveness and able to distinguish one from the other.


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