Free CIPS L2M5 Practice Exam Questions and Answers 2026

Start Learning with the Newest and 100% Free L2M5 Exam Dumps Questions

Page: 1 / 26

Total 126 Questions | Updated On: Apr 01, 2026

Add To Cart

Question 1

Which classification of items are mid-value items that contribute to organizational success, so they need good inventory management controls in place?

A : A

B : B

C : C

D : D

Answer: B

Question 2

Which of the following are examples of indirect costs? More than one applies

A : Lease hire of the company vehicle

B : Packaging

C : Rent of the office

D : Wages of salaried staff

Answer: A,C,D

Question 3

Which mode of transport is more environmentally friendly than other methods, and can be used for large or heavy items?

A : Air

B : Pipeline

C : Rail

D : Road

E : Sea

Answer: C

Question 4

Who devised the INCOTERMS?

A : International Chamber of Civil Engineers

B : International Chamber of Commerce

C : International Cubical of Civil Engineers

D : International Cubical of Commerce

Answer: B

Question 5

Which of the following is a definition of the economic order quantity – EOQ?

A : Formula that buyers use to calculate the most economically viable quantity in which to order additional stock

B : Formula that buyers use to calculate the most economically viable price in which to order additional stock

C : Formula that buyers use to calculate the most economically viable place in which to order additional stock

D : Formula that buyers use to calculate the most economically viable quantity in which to order additional stock

Answer: A

Page: 1 / 26

Total 126 Questions | Updated On: Apr 01, 2026

Add To Cart