Free CIPS L4M2 Practice Exams Questions 2026 - TheExamsLabs

Start Preparation with the Latest and Real 100% Free CIPS Certification L4M2 Exam Dumps Questions Practice 2026

Page: 1 / 74

Total 367 Questions | Updated On: Jun 16, 2026

Add To Cart

Question 1

What is the document that defines the activities, deliverables and timelines a supplier must carry out during contract performance?

A : Project initial document

B : Framework agreement

C : Statement of work

D : Work instruction

Answer: C

Question 2

A procurement manager is building a budget next year. She wants to use the budget to foster innovation. What kind of budget method should she use?

A : Incremental budget

B : Activity-based budget

C : Value preposition budget

D : Zero-based budget

Answer: D

Question 3

Due to increasing demand, a local restaurant is requesting its fish vendor to supply larger quantity. The restaurant manager also asks the vendor whether it is possible to reduce the total price by 5%. This is known as...?

A : Straight rebuy

B : New purchase

C : Modified rebuy

D : Capital purchase

Answer: C

Question 4

A buyer in Housing Authority is considering using performance specification in upcoming social housing project. What should buyer be aware when using this type of specification?

A : The buyer must be able to clearly define the performance metrics to ensure that the offered solution will achieve the desired outcome

B : Using performance specification means that the buyer will bear all the risks regarding the fitness for purpose of the facility.

C : In performance specification, specific brands and preferred suppliers must be appointed to avoid the competition

D : The buyer must be able to define the materials to be used, the execution and installation methods required and the specific design of the building

Answer: A

Question 5

Which of the following are recognised competitive strategies?1. Winning new business at all cost2. Getting more customers’ attention3. Creating stand-out products and brands4. Focusing on niche market5. Acquiring competitors

A : 3 and 5 only

B : 2 and 5 only

C : 3 and 4 only

D : 1 and 2 only

Answer: C

Page: 1 / 74

Total 367 Questions | Updated On: Jun 16, 2026

Add To Cart