Total 90 Questions |
Updated On: Mar 24, 2026
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Free CIPS L3M3 Exam Questions
Become CIPS Certified with updated L3M3 exam questions and correct answers
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Question 1
A justification of an action (expenditure) that is to be taken by an organisation.
Answer: A
Question 2
What do we call a contract term which is part of the contract, but which is not written into the contract documents?
Answer: D
Question 3
A concise structured document showing all risks for a contract / unit / organisation, including details of nature of risk, risk owner, anticipated impact, possible responses, etc
Answer: A
Question 4
What is the term for a situation where a seller sets a high introductory price for a new product, to attract buyers who have a strong desire to get the product early, and who can afford it? The price then gets gradually reduced over time.
Answer: C
Question 5
Goods or services which must be used together are called:
Answer: A
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Total 90 Questions |
Updated On: Mar 24, 2026
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