Free CIPS L5M5 Practice Exams Questions 2026 - TheExamsLabs

Start Preparation with the Latest and Real 100% Free Level 5 Advanced Diploma in Procurement and Supply L5M5 Exam Dumps Questions Practice 2026

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Total 131 Questions | Updated On: Jun 15, 2026

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Question 1

What is a monopsony?

A : there is only one supplier of a good

B : there is only one buyer of a good

C : there is only one product available in the market

D : there is only one market to sell the good in

Answer: B

Question 2

Charlie is 13 years old and sometimes helps his parents in their corner shop on weekends, while attending school during the week. Is this an example of child labour?

A : Yes “ any work by under 16s is child labour

B : Yes “ Charlie should report his parents to the police

C : No “ Charlie is old enough not to be a child

D : No “ helping in a family business does not count as child labour

Answer: D

Question 3

Which of the following will you put into box 8?

A : Cost Leadership

B : Cost Focus

C : Differentiation Focus

D : Differentiation

Answer: C

Question 4

Which of the following will you put into box 1?

A : equality

B : fraud

C : corruption

D : modern slavery

Answer: D

Question 5

What types of organisations is the UN Global Compact aimed at?

A : governments

B : NGOs

C : businesses

D : charities

Answer: C

Page: 1 / 27

Total 131 Questions | Updated On: Jun 15, 2026

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