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Free CIPS L5M3 Exam Questions

Absolute Free L5M3 Exam Practice for Comprehensive Preparation 

  • CIPS L5M3 Exam Questions
  • Provided By: CIPS
  • Exam: CORE Level 5 Managing Contractual Risk
  • Certification: Level 5 Advanced Diploma in Procurement and Supply
  • Total Questions: 122
  • Updated On: Jul 22, 2026
  • Rated: 4.9 |
  • Online Users: 244
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  • Question 1
    • Which of the following is not a form of ADR (Alternative Dispute Resolution)?


      Answer: B
  • Question 2
    • 2021-03-31-15-36-11-0cfaf8452dd7dd756d2fb60fe4b41708
      Which of the following will you put into box 2?


      Answer: B
  • Question 3
    • 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
  • Question 4
    • 2021-04-01-10-29-32-60d4982a051344803c8102c9c6f0c318
      Which of the following will you put into box 6?


      Answer: C
  • Question 5
    • 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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