CIPS L3M2 Answers

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Total 90 questions | Updated On: Aug 01, 2026
Question 1

‘EBI’ stands for:


Answer: B
Question 2

Value can be added through XXXX reduction or by making a process more efficient or more effective'


Answer: A
Question 3

In the period in question, the budget for staff overtime and bonuses is zero.

The actual expenditure is 2,900.

Is this variance:


Answer: B
Question 4

Select the two words which explain least well why the procurement of services can be more challenging than the procurement of physical products:


Answer: A,B
Question 5

Restricted or limited tendering is also sometimes known as:


Answer: D
Page:    1 / 18   
Total 90 questions | Updated On: Aug 01, 2026

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Name: Ethical Procurement and Supply (L3M2)
Exam Code: L3M2
Certification: Level 3 Advanced Certificate in Procurement and Supply Operations
Vendor: CIPS
Total Questions: 90
Last Updated: Aug 01, 2026