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Ethical Procurement and Supply

Last Update 10 hours ago Total Questions : 90

The Ethical Procurement and Supply content is now fully updated, with all current exam questions added 10 hours ago. Deciding to include L3M2 practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our L3M2 exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these L3M2 sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Ethical Procurement and Supply practice test comfortably within the allotted time.

Question # 4

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:

A.

Decline the work on the basis that there is a potential conflict of interest (you may not work so effectively without weekend time off to relax)?

B.

Accept the extra work, and let your employer know?

C.

Advise your friend you’ll consult your employer, and let your friend know as soon as possible?

D.

Accept the extra work, and say nothing to your employer?

Question # 5

Cause and effect diagrams, also known as Ishikawa diagrams, are sometimes also known, because of their shape, as:

A.

Funny bone

B.

Wishbone

C.

Tailbone

D.

Fishbone

Question # 6

Which two of the following would be unlikely to increase value for money for an organisation?

A.

Attending social events at supplier's expense

B.

Use of value analysis or value engineering

C.

Standardisation of components

D.

Accepting a late bid in a tender process

Question # 7

Which one of the following is least likely to be an effective measure of internal customer service?

A.

Supply Management annual awards

B.

Satisfaction surveys of users within the organisation

C.

Average total lead time

D.

Time from requisitioning to purchase order despatch

Question # 8

Where the buyer’s and seller’s conditions of contract clash, this is commonly known as ‘the battle of the…’

A.

Bulge

B.

Terms

C.

Firms

D.

Forms

E.

Papers

F.

Titans

Question # 9

An internet-based auction between competing sellers or suppliers in real time, is called a:

A.

Competitive e-tender

B.

Dutch e-auction

C.

Reverse e-auction

D.

Forward e-auction

Question # 10

‘Effectiveness is measured in terms of achieving an …’

A.

Objective

B.

Object

C.

Obstacle

D.

Obstruction

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