Amazon
Avaya
Checkpoint
Cisco®
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL®
Juniper
Microsoft
MuleSoft
Okta
Oracle
Palo Alto Networks
Salesforce
All Vendors
  1. Home
  2. CIPS
  3. L3M3

CIPS L3M3 Exam (page: 1)
CIPS Contract Administration
Updated on: 07-Nov-2025

Viewing Page 1 of 19
L3M3 PDF 90 Questions

What gets measured, gets ...'?

  1. Measured
  2. Procured
  3. Managed
  4. Lost

Answer(s): C

Explanation:

Managed.

This an old management adage, which is intended to encourage managers to measure helpful indicators (not everything!).



Revenue-earning possibilities which are foregone as a result of implementing a plan; the cost of not doing something else.

  1. Opportunity cost
  2. Absorption cost
  3. Indirect cost
  4. Overhead cost

Answer(s): A

Explanation:

An opportunity cost is the cost of not being able to do something else.

For example, if a firm opts to build a new factory, it may not be able to create ten new retail outlets which was another option open to it, in spending these particular funds. Or if you buy a holiday, you may not be able to buy a new television. The television is the opportunity cost of the holiday ie the benefit foregone.

The other types of cost shown are methods of classifying actual (real) costs. Opportunity costs are, in a sense, not real; they are hypothesized and therefore do not show in the balance sheet or profit and loss account of a business.



Contracts published by third party experts such as trade associations or professional bodies, widely regarded as favouring neither buyer nor seller, are called:

  1. Uni form
  2. Model form
  3. Paper form
  4. Trans form
  5. Good form

Answer(s): B

Explanation:

These are 'model form' contracts. Industry standard templates eg NEC ('New Engineering Con-tract'); or FIDIC model form contracts. You will find some examples produced by CIPS on the CIPS website eg for IT procurements.



Win-win negotiations can be described as expanding the:

  1. Pie
  2. Sky
  3. Tie
  4. Dye

Answer(s): A

Explanation:

This is the idea that negotiations can be of the sort which shares the (apple) pie, often aggressively and not 50/50 (win-lose); or it can seek to create additional value - expand the pie (win-win).



Johnson, Scholes and Whittington suggested three key criteria for options which can be used in the evaluation of a business case.
Which word was not one of these three key criteria?

  1. Transferability
  2. Feasibility
  3. Acceptability
  4. Suitability

Answer(s): A

Explanation:

'Is it acceptable, feasible and suitable?' are the tests.



Viewing Page 1 of 19



Share your comments for CIPS L3M3 exam with other users:

Mort 10/19/2023 7:09:00 PM

question: 162 should be dlp (b)
EUROPEAN UNION


Eknath 10/4/2023 1:21:00 AM

good exam questions
INDIA


Nizam 6/16/2023 7:29:00 AM

I have to say this is really close to real exam. Passed my exam with this.
EUROPEAN UNION


poran 11/20/2023 4:43:00 AM

good analytics question
Anonymous


Antony 11/23/2023 11:36:00 AM

this looks accurate
INDIA


Ethan 8/23/2023 12:52:00 AM

question 46, the answer should be data "virtualization" (not visualization).
Anonymous


nSiva 9/22/2023 5:58:00 AM

its useful.
UNITED STATES


Ranveer 7/26/2023 7:26:00 PM

Pass this exam 3 days ago. The PDF version and the Xengine App is quite useful.
SOUTH AFRICA


Sanjay 8/15/2023 10:22:00 AM

informative for me.
UNITED STATES


Tom 12/12/2023 8:53:00 PM

question 134s answer shoule be "dlp"
JAPAN


Alex 11/7/2023 11:02:00 AM

in 72 the answer must be [sys_user_has_role] table.
Anonymous


Finn 5/4/2023 10:21:00 PM

i appreciated the mix of multiple-choice and short answer questions. i passed my exam this morning.
IRLAND


AJ 7/13/2023 8:33:00 AM

great to find this website, thanks
UNITED ARAB EMIRATES


Curtis Nakawaki 6/29/2023 9:11:00 PM

examination questions seem to be relevant.
UNITED STATES


Umashankar Sharma 10/22/2023 9:39:00 AM

planning to take psm test
Anonymous


ED SHAW 7/31/2023 10:34:00 AM

please allow to download
UNITED STATES


AD 7/22/2023 11:29:00 AM

please provide dumps
UNITED STATES


Ayyjayy 11/6/2023 7:29:00 AM

is the answer to question 15 correct ? i feel like the answer should be b
BAHRAIN


Blessious Phiri 8/12/2023 11:56:00 AM

its getting more technical
Anonymous


Jeanine J 7/11/2023 3:04:00 PM

i think these questions are what i need.
UNITED STATES


Aderonke 10/23/2023 2:13:00 PM

helpful assessment
UNITED KINGDOM


Tom 1/5/2024 2:32:00 AM

i am confused about the answers to the questions. do you know if the answers are correct?
KOREA REPUBLIC OF


Vinit N. 8/28/2023 2:33:00 AM

hi, please make the dumps available for my upcoming examination.
UNITED STATES


Sanyog Deshpande 9/14/2023 7:05:00 AM

good practice
UNITED STATES


Tyron 9/8/2023 12:12:00 AM

so far it is really informative
Anonymous


beast 7/30/2023 2:22:00 PM

hi i want it please please upload it
Anonymous


Mirex 5/26/2023 3:45:00 AM

am preparing for exam ,just nice questions
Anonymous


exampei 8/7/2023 8:05:00 AM

please upload c_tadm_23 exam
TURKEY


Anonymous 9/12/2023 12:50:00 PM

can we get tdvan4 vantage data engineering pdf?
UNITED STATES


Aish 10/11/2023 5:51:00 AM

want to clear the exam.
INDIA


Smaranika 6/22/2023 8:42:00 AM

could you please upload the dumps of sap c_sac_2302
INDIA


Blessious Phiri 8/15/2023 1:56:00 PM

asm management configuration is about storage
Anonymous


Lewis 7/6/2023 8:49:00 PM

kool thumb up
UNITED STATES


Moreece 5/15/2023 8:44:00 AM

just passed the az-500 exam this last friday. most of the questions in this exam dumps are in the exam. i bought the full version and noticed some of the questions which were answered wrong in the free version are all corrected in the full version. this site is good but i wish the had it in an interactive version like a test engine simulator.
Anonymous