Title: Kostenlose Managing Ethical Procurement and Supply (L5M5) vce dumps & neuest [Print This Page] Author: ronharr180 Time: yesterday 12:11 Title: Kostenlose Managing Ethical Procurement and Supply (L5M5) vce dumps & neuest Übrigens, Sie können die vollständige Version der Zertpruefung L5M5 Pr¨¹fungsfragen aus dem Cloud-Speicher herunterladen: https://drive.google.com/open?id=1CMqfgi01Y_5xlEnSiYU8IM7NavI_u505
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Which of the following scenarios best illustrate instances of bribery?
A. Upon landing at Dhaka Airport, the customs official informs that a 'standard processing fee' of $20 is required to allow entry into the country upon which a receipt for payment will be given
B. A buying organization excludes certain bidders from a high-value tender on the basis that these bidders have not detailed what environmental protection measures they would take
C. A supplier has just sent the procurement official her invoice for approval. Included in her expenses is a large round sum figure for 'client entertainment' without any price breakdown
D. During the audit of a luxury goods distributor, the auditor was asked to take a pen home as a gift. After checking organizational policy, the auditor accepted the gift
Antwort: C
Begr¨¹ndung:
Choice B- 'Commercial organisations' commit an offence if they, or any person associated with them, bribes another person intending to obtain or retain business or a business advantage. The purpose of the expenditure is key, not necessarily the amount or what is being purchased. The extent to which the expenditure is incidental is also a factor. An itemised invoice providing a breakdown of the expense will be useful, along with further enquiries of the supplier. As there is no price breakdown, it is a valid reason to suspect the expense and is a form of bribe.
Incorrect answer:
Choice A- It is an offence to bribe another person or to be bribed. As per Bribery Act 2010, failing to prevent a bribe being paid to obtain or retain business or a business advantage is an offence. In this situation, the policy regarding acceptance of gifts was ahered to and is not bribery.
Choice C- Bribing a foreign official is an offence under the Bribery Act 2010. It is important to determine whether the fee is genuine or not; it should be accompanied with official notices and a receipt for payment. As the official informs it is a "standard processing fee" with documentary eveidence like a money receipt, it is not a case of bribery.
Choice D- As the requirement for the buying organisation was to detail environtmetal protection measures for a tender, the buying organisation has the right to reject bidders on this basis. This is not a form of bribery in any way.
Reference:
LO-1.1; Page 47-48; Issues impacting ethical and sustainable procurement and supply: modern slavery, bribery, corruption, fraud and human rights infringements
22. Frage
A homeowner planning to purchase a new air conditioner notices an energy rating label on each model. This rating scheme provides details on the unit's energy efficiency, cooling capacity, and environmental impact. How does this information assist the buyer in making a decision?
A. It ensures that the most expensive air conditioner is always the best choice
B. It ensures that all air conditioners have the same level of performance
C. It guarantees that the air conditioner will last for a specific number of years
D. It provides clear information on energy efficiency and expected electricity consumption
Antwort: D
Begr¨¹ndung:
Choice B - A rating scheme (such as an Energy Star rating or SEER rating) helps buyers understand how much electricity an air conditioner will use. This allows them to choose a model that is cost-effective and environmentally friendly. This is the correct answer Incorrect answer:
Choice A - Incorrect - A rating scheme does not make all air conditioners equal in performance. Instead, it helps buyers compare different models based on efficiency, cooling capacity, and energy consumption. Air conditioners may vary in technology, features, and effectiveness.
Choice C - A rating scheme does not indicate product lifespan. Durability depends on factors like brand, usage, maintenance, and build quality, which are not necessarily covered by the rating system.
Choice D- A higher price does not always mean better efficiency. Some expensive models may have extra features but still consume more energy. A rating scheme helps buyers focus on energy savings and performance rather than just cost.
Reference:
LO-3.2; Page 287; Role of industry standards and frameworks used by organizations in securing ESG considerations and ethical standards
23. Frage
There are many different drivers of globalisation. Which of the following would be considered a cost driver?
A. Trading rules abroad less stringent
B. Opportunity to build economies of scale
C. Improvements in transport technology
D. To increase value for stakeholders
Antwort: B
Begr¨¹ndung:
Comprehensive and Detailed Explanation From Exact Extract of Documents:
Globalisation is driven by a variety of factors, including cost, technology, and regulation. A cost driver is a factor that helps organisations reduce expenses and achieve financial efficiency. According to the L5M5 study guide (p.56), one of the most significant cost drivers is the opportunity to build economies of scale, where larger production volumes reduce per-unit costs. While improvements in technology (A) and relaxed trade rules (C) are drivers of globalisation, they are not specifically cost-related. "Value for stakeholders" (B) is broader and not strictly a cost driver. Procurement professionals should recognise economies of scale as a primary cost incentive for international sourcing and trade.
Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.56
24. Frage
ABC Group, the country's largest textile company, is considering partnering with a Fair Trade-certified supplier to support sustainability and ethical practices. However, they are concerned about potential challenges in working with a Fair Trade organization. Which TWO of the following challenges might ABC Group face in this partnership?
A. The Fair Trade certification process may require complex audits, and if there is a longer period between audits, activities could change and will no longer be compliant
B. The product prices from Fair Trade suppliers are often significantly lower than conventional suppliers, making it hard to remain competitive
C. There are no real challenges, as all Fair Trade products are guaranteed to be competitive and cost-efficient
D. Fair Trade standards may require investments in audits supported by self-assessment reports and office reviews adding costs to the business
E. Improved stakeholder perception of the brand, which can lead to reputational benefits
Antwort: A,D
Begr¨¹ndung:
Choice A- Obtaining Fair Trade certification often involves a thorough and detailed audit process, which demonstrates a company's positon at a period of time. If there is a longer period between audits, there is a chance that activities and processes could change within business and they will no longer be compliant with a fair trade organisation.
Choice C- This is correct. Fair Trade standards accreditation come at a cost and four yearly independent audits supported by self assessment reports and office reviews take time and resources.
Incorrect answer:
Choice B- This is incorrect. While Fair Trade products aim to provide ethical and sustainable options, they can come with challenges such as higher costs and longer certification processes.
Choice D- This is incorrect. Fair Trade products typically come with higher prices due to ethical production costs and fair wages. These prices are often higher, not lower, than those from conventional suppliers.
Choice E- This is a benefit of associating with a fair trade organisation and not a challenge.
Reference:
LO-3.3; Page 297-298; The World Fair Trade Organization (WFTO) and its principles and Charter of Fair Trade and implications for procurement and supply
25. Frage
Which of the following is a disadvantage of Low-Cost Country Sourcing (LCCS)? Select THREE
A. Different laws and regulations
B. Low infrastructure costs
C. Currency fluctuations
D. Inventory risks
E. Scalability of production
Antwort: A,C,D
Begr¨¹ndung:
Comprehensive and Detailed Explanation From Exact Extract of Documents:
While LCCS can reduce costs, it also presents risks. The L5M5 study guide (p.72) identifies disadvantages such as inventory risks (C) from longer lead times, different laws and regulations (D) creating compliance challenges, and currency fluctuations (E) impacting costs unpredictably. Low infrastructure costs (A) and scalability of production (B) are advantages, not disadvantages. Procurement professionals must weigh cost savings against these risks and implement mitigation strategies such as dual sourcing and currency hedging.
Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.72
26. Frage
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