Free CIPS L3M2 Practice Exams Questions 2026 - TheExamsLabs

Start Preparation with the Latest and Real 100% Free Level 3 Advanced Certificate in Procurement and Supply Operations L3M2 Exam Dumps Questions Practice 2026

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Total 90 Questions | Updated On: Jun 15, 2026

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Question 1

The axes on the Mendelow stakeholder management matrix are:

A : Power and influence

B : Risk and interest

C : Power and interest

D : Risk and reward

Answer: C

Question 2

The abbreviation ‘KPI’ stands for:

A : Key performance indicator

B : Key procurement indicator

C : Key personnel insurance

D : Key performance improvement

E : Key performance inducement

Answer: A

Question 3

‘EBI’ stands for:

A : Eager buyer involvement

B : Early buyer involvement

C : Earnest business interest

D : Ethical business interest

Answer: B

Question 4

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

A : Cost

B : Value

C : Profit

D : Cash

Answer: A

Question 5

In the period in question, the budget for staff overtime and bonuses is zero.The actual expenditure is 2,900.Is this variance:

A : Zero?

B : Adverse?

C : Averse?

D : Favourable?

Answer: B

Page: 1 / 18

Total 90 Questions | Updated On: Jun 15, 2026

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