Total 175 Questions |
Updated On: Apr 11, 2023
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Free CIPS L2M1 Exam Questions
Become CIPS Certified with updated L2M1 exam questions and correct answers
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Question 1
What back‐up plan could a manufacturer have in case a supplier is unable to obtain raw materials? Select all that apply
Answer: A,C
Question 2
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
Question 3
There are three sectors that all business activity fits into, which sector is concerned with extracts raw materials from the Earth? (e.g. mining coal, drilling oil, extracting metal, farming crops and fishing)
Answer: A
Question 4
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
Question 5
Budget variances can be temporary or permanent
Answer: A
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Total 175 Questions |
Updated On: Apr 11, 2023
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