Free CIPS L5M2 Exam Questions

Become CIPS Certified with updated L5M2 exam questions and correct answers

Page: 1 / 25

Total 122 Questions | Updated On: Jul 11, 2022

Add To Cart

Question 1

Yusef is a new procurement manager at FRD Incorporated. He is looking through the Risk Assessments for his department and notices that the cause of the risk is not identified. Why might this be?

A : is is a mistake - all risk assessments should specify the cause of the risk. He should raise this with his manager

B : organisation has a high risk appetite

C : organisation has not recorded cause for cultural reasons

D : organisation has completed the risk assessments incorrectly

Answer: C

Question 2

ISO 20400 represents what area of business?

A : ality Management

B : pply Chain Security

C : k Management

D : Sustainable Procurement

Answer: D

Question 3

2021-07-23-18-48-15-361d6c186f2b89c0ea2ea8615b7eb3c7

Which of the following will you put into box 5?

A : w technology

B : rward contract

C : tsource

D : urance

Answer: A

Question 4

Robot Ltd manufactures high end robots. A lot of value is tied up in the stock that it holds within its warehouse as each robot is worth several thousand pounds. The company has decided to enlist the services of a third party provider for disaster recovery, to help them shape a plan for if something were to happen to the stock, such as a flood. Is this the correct thing for Robot Ltd to do?

A : - a 3rd party can provide broader experience and expertise

B : - a third party is a cheap option for disaster recovery planning

C : - Robot Ltd should create a cross-functional team to draw up the plan as internal stakeholders will understand the risks better than a 3rd party

D : - a 3rd party can only help in the solution stage of disaster recovery, not the planning stage

Answer: A

Question 5

An indemnity clause should contain which of the following pieces of information 1) duties of both parties 2) a monetary limit 3) insurance levels 4) details of the breach 5) a time limit

A : 1,2,5

B : 1,3,4

C : 2,4,5

D : 3,4,5

Answer: A

Page: 1 / 25

Total 122 Questions | Updated On: Jul 11, 2022

Add To Cart