CIPS Procurement and Supply Environments - L3M1 Exam Practice Test
'Shareholders are an example of stakeholders'. True or false?
Correct Answer: B
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The Kyoto Agreement is about:
Correct Answer: C
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The film 'An Inconvenient Truth', made by former US Vice-President, Al Gore, is about:
Correct Answer: B
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A 'firm price' and a 'fixed price' are the same thing.
True or false?
True or false?
Correct Answer: A
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The primary purpose of a public sector organisation is to:
Correct Answer: A
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Which of the following would not normally be seen as part of public sector procurement?
Correct Answer: B,D
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A contract clause which entitles the buyer to hold back 5% of the final price for six months to en-sure everything is in order is known as a --------- clause:
Correct Answer: B
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'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?
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?
Correct Answer: D
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Pressure groups which seek to promote a particular issue, such as human rights, the environment; or raise awareness (eg modern slavery); or lobby for legislative change on a particular issue (eg species protection) are called:
Correct Answer: C
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The letters 'MNC' stand for:
Correct Answer: D
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