Free CIPS L2M1 Exam Questions
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CIPS L2M1 Exam Questions
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Provided By: CIPS
- Exam: CORE Level 2 Introducing Procurement and Supply
- Certification: Level 2 Certificate in Procurement and Supply Operations
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Total Questions: 175
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Updated On: Apr 28, 2025
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Rated: 4.9 |
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Online Users: 350
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Question 1
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Lower price does not always equate to lower cost, e.g. could be lower quality, which could result in higher costs further down the line.
Answer: A
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Question 2
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Budget variances can be temporary or permanent
Answer: A
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Question 3
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A contract can be amended if both parties are in agreement, for example, to revise quantities, KPIs, payment terms, length of contract, etc.
Answer: A
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Question 4
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What 3 elements should be included in a company’s CSR policy?
Answer: A,B,C
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Question 5
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What type of purchase would you be making for things that are of value to a business, such as machinery or buildings? They are assets to a business, and their value depreciates over time.
Answer: A
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