Free CIPS L5M3 Exam Questions
Absolute Free L5M3 Exam Practice for Comprehensive Preparation
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CIPS L5M3 Exam Questions
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Provided By: CIPS
- Exam: CORE Level 5 Managing Contractual Risk
- Certification: Level 5 Advanced Diploma in Procurement and Supply
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Total Questions: 122
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Updated On: Apr 09, 2025
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Rated: 4.9 |
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Online Users: 244
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Question 1
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Franky B's is a popular restaurant chain which is seeking a resolution to a conflict it has with its supplier of Fried Chicken. It is looking for a dispute resolution that does not involve the court but in which an expert third party will make a binding decision. Which is the most suitable dispute resolution method for Franky B's?
Answer: B
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Question 2
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Which of the following processes is the most adversarial?
Answer: B
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Question 3
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Which of the following is not a form of ADR (Alternative Dispute Resolution)?
Answer: B
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Question 4
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Terry's Toys is a Toy Manufacturer who has an agreement to provide Toys to an online retailer. The retailer has ordered 500 toys from Terry and Terry has incurred costs of £3000 manufacturing the toys. Halfway through production the retailer calls Terry to cancel the order. Terry reads through the contract and sees a liquidated damages clause of £1000. What should Terry do?
Answer: D
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Question 5
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Which of the following would be included in a contract to assign costs and responsibilities between buyer and seller when products are delivered?
Answer: D
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