CIPS Procurement and Supply Environments - L3M1 Free Exam Questions

QUESTION NO: 1
A 'mixed economy' is:

Correct Answer: A Vote an answer
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QUESTION NO: 2
Pressure groups which seek to promote a particular issue, such as human rights, the environment; or raise awareness (eg modern slavery); or lobby for legislative change on a particular issue (eg species protection) are called:

Correct Answer: A Vote an answer
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QUESTION NO: 3
'The optimum combination of whole life costs and quality' is one definition of:

Correct Answer: A Vote an answer
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QUESTION NO: 4
The system by which organisations are directed and controlled, thinking about business ethics and stakeholder responsibility, and where Directors may be held to account, is called:

Correct Answer: B Vote an answer
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QUESTION NO: 5
Monetary policy deals with:

Correct Answer: B Vote an answer
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QUESTION NO: 6
The Paris Agreement is about:

Correct Answer: B Vote an answer
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QUESTION NO: 7
Which of the following are examples of non-renewable resources?

Correct Answer: A,C Vote an answer
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QUESTION NO: 8
Protecting domestic industry from the effects of global competition is known as:

Correct Answer: B Vote an answer
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QUESTION NO: 9
As well as a Goods Received Note (GRN), three-way matching to authorise a payment to a supplier should involve two other documents. Which two?

Correct Answer: B,C Vote an answer
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QUESTION NO: 10
Shareholders of a limited company are not liable for unpaid debts'. True or false?

Correct Answer: B Vote an answer
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