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Free CIPS L5M3 Exam Questions

Try our Free Demo Practice Tests for Comprehensive L5M3 Exam Preparation

  • CIPS L5M3 Exam Questions
  • Provided By: CIPS
  • Exam: CORE Level 5 Managing Contractual Risk
  • Certification: Level 5 Advanced Diploma in Procurement and Supply
  • Total Questions: 122
  • Updated On: Apr 30, 2025
  • Rated: 4.9 |
  • Online Users: 244
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  • Question 1
    • 2021-04-01-09-13-17-26ac4e281adef4bae85e39b38d532e9c
      Which of the following will you put into box 4?


      Answer: C
  • Question 2
    • 2021-04-01-10-29-32-60d4982a051344803c8102c9c6f0c318
      Which of the following will you put into box 6?


      Answer: C
  • Question 3
    • Which of the following is not a form of ADR (Alternative Dispute Resolution)?


      Answer: B
  • Question 4
    • Which of the following would be included in a contract to assign costs and responsibilities between buyer and seller when products are delivered?


      Answer: D
  • Question 5
    • Terry's Toys is a Toy Manufacturer who has an agreement to provide Toys to an online retailer. The retailer has ordered 500 toys from Terry and Terry has incurred costs of £3000 manufacturing the toys. Halfway through production the retailer calls Terry to cancel the order. Terry reads through the contract and sees a liquidated damages clause of £1000. What should Terry do?


      Answer: D
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