| Exam Code/Number: | L3M2Join the discussion |
| Exam Name: | Ethical Procurement and Supply |
| Certification: | CIPS |
| Question Number: | 92 |
| Publish Date: | Jan 11, 2026 |
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The abbreviation 'SOP' stands for:
'In any series of elements to be controlled, a selected small factor in terms of number of elements almost always accounts for a large factor in terms of effort'. Which well-known principle is being described here?
The time between recognition / origin of the need; through to usage or consumption is described as:
In the period in question, the budget for staff overtime and bonuses is zero.
The actual expenditure is 2,900.
Is this variance:
Disclose, distance, delegate, ...?
