PASS YOUR PROCUREMENT AND SUPPLY ENVIRONMENTS EXAMS FAST. ALL TOP L3M1 EXAM QUESTIONS ARE COVERED.

Pass Your Procurement and Supply Environments Exams Fast. All Top L3M1 Exam Questions Are Covered.

Pass Your Procurement and Supply Environments Exams Fast. All Top L3M1 Exam Questions Are Covered.

Blog Article

Tags: Latest L3M1 Dumps Sheet, L3M1 Test Certification Cost, L3M1 Exam Guide Materials, L3M1 Exam Labs, L3M1 Excellect Pass Rate

We have an authoritative production team, after you purchase L3M1 study materials, our professions can consolidate important knowledge points for you, and we guarantee that your L3M1 practice quiz is tailor-made. The last but not least, we can provide you with a free trial service, so that customers can fully understand our format before purchasing our L3M1 training guide, which can be an unparalleled trial experience compared to other counterparts.

The contents of L3M1 exam torrent was all compiled by experts through the refined off textbooks. Hundreds of experts simplified the contents of the textbooks, making the lengthy and complex contents easier and more understandable. With L3M1 study tool, you only need 20-30 hours of study before the exam. L3M1 Guide Torrent provides you with a brand-new learning method. In the course of doing questions, you can memorize knowledge points. You no longer need to look at the complicated expressions in the textbook.

>> Latest L3M1 Dumps Sheet <<

100% Pass Quiz Marvelous CIPS Latest L3M1 Dumps Sheet

We hope this article has given you a good overview of the CIPS L3M1 Exam and what you can expect from it. As always, we recommend you start preparing for your exam as early as possible to give yourself the best chance of success. ValidExam offers a wide range of study materials and resources to help you prepare, including practice questions, dumps, and a study guide.

CIPS L3M1 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Procedures that Regulate Procurement and Supply: It refers to the regulations that guide procurement and supply. The subtopics discuss the types of documentation in procurement and supply and how these documented policies and procedures help in working within this field. Knowledge of the subtopics presents an essential overview of how regulatory aspects work in procurement and supply.
Topic 2
  • Different Sectors of Procurement and Supply: Under this heading, there are different subtopics of the various sectors of procurement and supply including description of the categories and functions of private sector, roles, and scope of procurement in the private, public, not-for-profit
  • third sectors. Understanding the above sub-topics is very essential in an attempt to understand the concept of procurement and supply in general in these different sectors.
Topic 3
  • Types of Pricing Arrangements in Commercial Agreements: It focuses on explaining pricing arrangements of use in commercial agreements so an entity can have the most effective price and cost management. This sub-topic is important because through this the role of pricing in procurement and supply can be deciphered.
Topic 4
  • External Environment and Its Impact on Procurement and Supply: The external environment and their impact on procurement and supply comprise such subtopics as identification of the impact of the external environment and a description of implications of economic, political, legislative, environmental, ethical, and social criteria on the procurement and supply. Investigating these sub-topics is necessary for comprehending the external factors influencing procurement and supply.

CIPS Procurement and Supply Environments Sample Questions (Q48-Q53):

NEW QUESTION # 48
Which of the following could be described as an organisation?

  • A. The University of Phoenix, Arizona
  • B. A business such as Ethiopian Airlines
  • C. A self-employed tutor of online education
  • D. A local authority / local government

Answer: A,B,D

Explanation:
All except the self-employed tutor have a social arrangement with collective goals, and controls on performance.
The self-employed tutor may have a goal, but it is not collective; is not part of a(n internal) social arrangement and controls on performance may be entirely in their own hands, or perhaps even ab-sent altogether.


NEW QUESTION # 49
Which of the following would often be subject to health and safety legislation?

  • A. Smoking cigarettes inside offices, factories and other buildings
  • B. The manual lifting of heavy objects
  • C. Floors, passages and stairs should be properly constructed, maintained and kept clear
  • D. The need for appropriate firefighting equipment in a factory

Answer: A,B,C,D

Explanation:
All answers are correct. Each of these areas can create safety hazards for people in the workplace, and so in many countries government legislation has been passed to make these topics subject to regulation.
For example, within the UK, it is mandatory for employers to provide compulsory training for em-ployees who may be involved in lifting heavy items, and there are limits placed on the weight which can be handled by any one person. In many cases, mechanised lifting equipment is used to aid or replace humans.


NEW QUESTION # 50
'The social responsibility of business is profit maximisation' - focusing on returns to shareholders.
This is a famous business philosophy - in contrast to a philosophy of Corporate Social Responsibility as expounded by CIPS.
Which economic and management thinker famously promoted this view?

  • A. Milton Friedman
  • B. John Milton
  • C. Milton Keynes
  • D. John Maynard Keynes

Answer: A

Explanation:
It was Milton Friedman who promoted this view in the second half of the 20th century. This view is now less popular than it was. 'The business of business is business' is another famous quote from Professor Friedman, meaning profit maximisation is what business should be concerned with, not broader social or welfare issues. This thinking takes the view that governments can legislate as nec-essary to cater for society's needs, funding such activities from taxation placed on successful profit-able businesses.
Milton Keynes is a place in UK; J M Keynes was a famous economist who took a different view to Friedman's and John Milton is a famous 17th century English poet.


NEW QUESTION # 51
Which of the following are examples of non-renewable resources?

  • A. Wind power from wind turbines
  • B. Hydro-electric
  • C. Oil
  • D. Coal

Answer: C,D


NEW QUESTION # 52
The price of one currency expressed in terms of another currency is called the:

  • A. Exchange rate
  • B. Equilibrium rate
  • C. Base rate
  • D. Interest rate

Answer: A

Explanation:
Exchange rate - the rate at which the currencies are exchanged. This rate can vary frequently, some-times several times per hour, depending on circumstances.
The interest rate is the rate charged on loans - the cost of borrowing.
The base rate is the basic interest rate used for agreeing loans within an economy. This rate is nor-mally set by the government or the central bank. Loans within that economy will usually be at a higher rate than the base rate, often much higher.
The equilibrium rate (more commonly 'equilibrium price') is the rate at which supply and demand meet, not necessarily related to currency.


NEW QUESTION # 53
......

This Procurement and Supply Environments (L3M1) certification is a valuable credential that is designed to validate your expertise all over the world. After successfully competition of L3M1 exam you can gain several personal and professional benefits. All these Procurement and Supply Environments (L3M1) certification exam benefits will not only prove your skills but also assist you to put your career on the right track and achieve your career objectives in a short time period.

L3M1 Test Certification Cost: https://www.validexam.com/L3M1-latest-dumps.html

Report this page