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L3M1 Exam Dumps : Procurement and Supply Environments

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Procurement and Supply Environments Questions and Answers

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Question 1

Shareholders of a limited company are not liable for unpaid debts'. True or false?

Options:

A.

False

B.

True

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Question 2

A market situation where there is a small number of large suppliers is called:

Options:

A.

Oligopoly

B.

Monopoly

C.

Perfect competition

D.

Monopsony

Question 3

The total variety of life on Earth’ is CIPS’ definition of:

Options:

A.

Depletion of renewables

B.

Biodiversity

C.

The environment

D.

Corporate Social Responsibility

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