Get a glimpse of the real L3M1 certification exam challenges with our free CIPS L3M1 practice test questions.
Question 1
Why is procurement governance important?
Select all that apply.
Question 2
Which one of the following is a commercial document issued by a seller stating what the cost would be of supplying certain goods or services, normally in response to an enquiry by the buyer?
Question 3
Public sector procurement has a wider group of stakeholders than private sector. True or false?
Question 4
A market situation where there is a small number of large suppliers is called:
Question 5
Thinking about supply and demand, there is one price at which producers wish to sell the same amount as customers wish to buy: in other words, the market 'clears', without either a surplus of supply or unsatisfied demand. This price is called the - - - - - - - - price.
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