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Free L3M1 Exam Braindumps (page: 4)

Page 4 of 23
PDF with 90 Questions

A market situation where there is only one buyer in the marketplace is called:

  1. Perfect competition
  2. Oligopoly
  3. Monopoly
  4. Monopsony

Answer(s): D

Explanation:

A market with only one buyer is called a 'monopsony'.
There may be other QUESTION NO :s in this test about the other terms shown, so I shall hold back on expla-nation(s) here.



'Shareholders are an example of stakeholders'. True or false?

  1. True
  2. False

Answer(s): A

Explanation:

Shareholders are one example of a range of stakeholders in a private or public limited company.



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:

  1. Retention
  2. Redemption
  3. Intention
  4. Retainer

Answer(s): A

Explanation:

'Retention' - from the word 'retain', meaning to 'keep in place', 'hold back', 'keep possession of' something (Concise Oxford Dictionary, fifth edition) . In this case, 5% of the contract price.



Which one of the following is a commercial document issued by a seller seeking payment for goods or services?

  1. Invoice
  2. Supplier quotation
  3. Pre-qualification QUESTION NO :naire
  4. Delivery note

Answer(s): A

Explanation:

This should be straightforward.
If unclear, check your notes / textbook.



Page 4 of 23



Post your Comments and Discuss CIPS L3M1 exam with other Community members:

Lee commented on October 21, 2024
Finally a exam dump I can rely on. I went for the full PDF version and it turned out to be as advertised. I just passed first exam last Friday. Preping for the second one. Hopefully I can write and pass this one too because these exams are very difficult.
Hong Kong
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Subash commented on October 21, 2024
I am planning to take this exam. Are these 257 questions enough to clear it? Also, does each section have a passing percentage, or is it based on the overall ?
INDIA
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amrith commented on October 20, 2024
more questions on databricks as well please
Anonymous
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amrith commented on October 20, 2024
Documentation
Anonymous
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Raj commented on October 20, 2024
Great article! I especially appreciated the way you broke down the questions
UNITED STATES
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Jim commented on October 20, 2024
Some of the questions are tought. Need to practice more..
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France
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Marcellus Werifah commented on October 20, 2024
Who decides what is the correct in case of conflicts
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Marcellus Werifah commented on October 20, 2024
Novice. Would need detailed explanation of any questions
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It would be great if all answers are supported by reference link.
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Interesting selection of questions
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Useful to prepare for the exam
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Hi it's a good initiative
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Brain dump questions are new to me...I'm not sure how to respond to this since I only answered a handful of questions
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Useful resource
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For a moment no, comment, still moving well
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great insight
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What the best way to learn terraform?
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From until what page number is enough to pass the certification?
Anonymous
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