CIPS L3M2 Exam Dumps

Get All Ethical Procurement and Supply Exam Questions with Validated Answers

L3M2 Pack
Vendor: CIPS
Exam Code: L3M2
Exam Name: Ethical Procurement and Supply
Exam Questions: 90
Last Updated: October 6, 2025
Related Certifications: Level 3 Advanced Certificate in Procurement and Supply Operations
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Free CIPS L3M2 Exam Actual Questions

Question No. 1

'Efficiency is measured in terms of a quantity of ...'

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Correct Answer: C

Output per unit of input resource.

Efficiency is, in a sense, seeking to get as much out of a system, while putting in as little as possible.


Question No. 2

Disclose, distance, delegate, ...?

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Correct Answer: B

Disassociate is the correct answer.

This is the 4 D's model of how to deal with a conflict of interest.

'Discombobulate' means to disconcert or confuse, as if you didn't know.


Question No. 3

OTIF stands for:

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Correct Answer: D

On time and in full.

OTIF is a reference to an order placed with a supplier having been delivered in the right quantity and on time. Note that this acronym makes no reference to quality.


Question No. 4

Which of the following most closely represents 'the five rights'?

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Correct Answer: C

Quality, quantity, price, place, time. You will need to memorise these.

Note that for CIPS purposes, none of: goods (product or service), manner (ethics) or supplier, is in-cluded in this list. For the sake of ease, perhaps best to just go along with CIPS' view.


Question No. 5

'From an accounting perspective, added value is total XXXXXX minus total costs of all activities'.

Which word is missing?

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Correct Answer: D

Revenue.

Added value is really measured through the customer's eyes. I have a choice of six coffee shops from which to buy my morning coffee. One has an attractive mix of cleanliness, tasty coffee, effi-cient and friendly service - more than the others. This appealing all-round mix 'adds value' as far as I am concerned and I give it daily repeat business, visiting the others only occasionally. That added value offering generates the repeat business, and helps make the coffee shop more profitable.


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