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  1. Home
  2. CIPS Certification
  3. L3M2 Exam
  4. CIPS.L3M2.v2024-08-10.q33 Dumps
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Question 11

Use of competition is most obviously going to influence which of the following 'rights'?

Correct Answer: C
All aspects of an acquisition may be impacted by the use of competition - normally favourably - but the one we are most likely to see immediate impact on is 'price'.
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Question 12

The crime of obtaining money through threats or force, is called:

Correct Answer: D
This is a definition of extortion.
The other terms shown as possible answers are within the syllabus for this course and may be the subject of other questions within this test.
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Question 13

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

Correct Answer: C
The variance is adverse - more was spent than budgeted - this is not favourable.
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Question 14

You have recently moved into the procurement department at your company, having earlier worked in the finance area in the same company for five years. You have decided to set up home with your partner, and you will need additional money to buy furniture, furnishings, etc. A friend has offered you extra part-time work at weekends, helping serve meals in their small family restaurant. Do you:

Correct Answer: C
While one can take the view that your weekend is yours and nothing to do with your main employ-er, many contracts of employment prohibit extra work unless pre-agreed. In any event, it is likely to be seen as polite and respectful to seek permission from your main employer. The point about need-ing to rest at weekends (and during annual holidays) is a serious point: we should be able to func-tion effectively during normal working hours.
If your main employer does not give consent, you may wish to ask for a pay rise. :)
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Question 15

We can talk about the 'make, do or XXXX decision'. XXXX represents:

Correct Answer: A
Make, do or buy decision.
Historically 'make or buy'. Now up dated to take account of services procurement ie 'should we do it ourselves?'
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