CIPS certification practice

L5M7 Practice Questions

Try 10 free L5M7 exam-style questions for CIPS L5M7 certification exam. Check each answer and review the explanation and source references.

Exam code
L5M7
Provider
CIPS
Free questions
10
Full set
88 questions
Last update check

Domain Understand the legal and financial considerations of acquiring capital assets

Which of the following can have a detrimental effect on supply-chain relationships? Select TWO.
Answer options

Domain Understand the use of specifications for the acquisition of capital assets

Which is the correct order that ensures quality is achieved in a business process?
Answer options

Domain Understand methods for the acquisition of capital assets

Where two organisations at different levels of the supply chain share responsibilities, resources, and performance information to serve similar end customers, what is this known as?
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Domain Understand the legal and financial considerations of acquiring capital assets

An agile supply chain focuses on the elimination of waste. Is this true?
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Domain Understand the concept of whole life asset management

Which of the following are considered the ‘Golden Metrics’ used to measure performance? Select THREE.
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Domain Understand the concept of whole life asset management

The 5S Methodology is an organisational system to ensure workplace cleanliness and efficiency. Under which principle does it fall?
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Domain Understand the concept of whole life asset management

What is the name of the phenomenon in which a small change in consumer demand can have an amplified effect throughout the supply chain?
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Domain Understand methods for the acquisition of capital assets

Why would a company use a Process Mapping Technique? Select TWO.
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Domain Understand methods for the acquisition of capital assets

Which of the following are incentives for suppliers to perform well on a contract? Select TWO.
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Domain Understand the concept of whole life asset management

Total Quality Management (TQM) is a long-term strategy. Is this TRUE?
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Question 1 of 10

Exam domains

What the L5M7 practice set covers

Every question in this set is mapped to one of 4 exam domains. Check the official exam outline for the current domain weights.

Understand methods for the acquisition of capital assets

3 of the 10 free questions

Understand the concept of whole life asset management

4 of the 10 free questions

Understand the use of specifications for the acquisition of capital assets

1 of the 10 free questions

Understand the legal and financial considerations of acquiring capital assets

2 of the 10 free questions

Source context

How this practice set is maintained

Maintained by the CertMage content team, this page loads questions from the exam dataset connected to its preparation resource. When an answer includes a supporting reference, it is shown with that answer so you can review the underlying vendor documentation.

Certification objectives, interfaces, and vendor services can change. Verify important details against the provider's current exam guide and documentation before your exam.

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