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[General] L4M4 Exam Tutorial - L4M4 Actual Questions

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【General】 L4M4 Exam Tutorial - L4M4 Actual Questions

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CIPS L4M4 Exam Syllabus Topics:
TopicDetails
Topic 1
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 2
  • Understand compliance issues when sourcing from suppliers: It explores legislative, regulatory, and organizational requirements for sourcing. It compares the use of audit and other mechanism of feedback.
Topic 3
  • Understand options for sourcing requirements from suppliers: This section covers the sourcing process, approaches, options, and award criteria for obtaining requirements from suppliers. The sub-topics provide a foundation for strategic sourcing.
Topic 4
  • Understand the key processes that can be applied to the analysis of potential external suppliers:

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CIPS Ethical and Responsible Sourcing Sample Questions (Q37-Q42):NEW QUESTION # 37
Guillerme is a Category Manager within the procurement department of a Manufacturing company. In his Category there are 200 items he procures, and he has recently undertaken an ABC analysis of these. Which of the following items would be C category items?
  • A. tail spent
  • B. strategic sourcing
  • C. one-off purchases
  • D. high value items
Answer: A
Explanation:
The C category is the 'tail spend' - it represents a large number of suppliers of small value items.
I recommend giving this a read ABC Classification & ABC Method | CIPS

NEW QUESTION # 38
The Universal Declaration of Human Rights means that member states cannot restrict their citizens of any of the rights listed. Which of the following rights may apply to employees who make a complaint about unfair pay and conditions that are not comparable to others in the company?
  • A. The right to freedom
  • B. The right to free speech and expression
  • C. The right to be treated equally
  • D. The right to beliefs
Answer: C
Explanation:
The Universal Declaration of Human Rights (UDHR) Article 23(2) states that "Everyone, without any discrimination, has the right to equal pay for equal work." This underscores the principle of equality in the workplace, ensuring that employees are treated equally regarding pay and conditions. Therefore, employees raising concerns about unfair pay compared to their colleagues are exercising their right to be treated equally.
Reference:
Universal Declaration of Human Rights, Article 23(2):

NEW QUESTION # 39
Who was responsible for introducing the concept of Incoterms?
  • A. International Chamber of Commerce
  • B. United Nations Commission
  • C. International Commerce Centre
  • D. World Trade Organisation
Answer: A
Explanation:
Incoterms, short for International Commercial Terms, were introduced by the International Chamber of Commerce (ICC) in 1936. These standardized terms are used globally to define the responsibilities of buyers and sellers in international trade, helping to avoid misunderstandings by clarifying tasks, costs, and risks involved in the delivery of goods.
Reference:
International Chamber of Commerce:

NEW QUESTION # 40
A buyer has been tasked with placing an order for steel from another country and using Incoterms for the delivery. The buyer's organisation has an in-house transportation and export clearance department. During negotiations, the buyer achieved a 25% cost reduction by accepting responsibility to arrange loading, transportation, and export clearance. Which Incoterm has been agreed?
  • A. EXW - Ex Works
  • B. FOB - Free on Board
  • C. FCA - Free Carrier
  • D. CIP - Carriage and Insurance Paid
Answer: A
Explanation:
Under the EXW (Ex Works) Incoterm, the buyer assumes responsibility for transportation and export clearance from the seller's premises. This term aligns with cost-saving measures and the buyer's internal capabilities for logistics, supporting efficient and responsible sourcing.

NEW QUESTION # 41
What is the best way to demonstrate that your organisation does not tolerate bribery and corruption?
  • A. Asking all suppliers to read your organisation's policy on anti-bribery and corruption
  • B. Requesting your supplier's ethical policies on an annual basis
  • C. Having full anti-bribery training, policies, and procedures in place
  • D. Not working with suppliers who you have heard have a reputation for bribery and corruption
Answer: C
Explanation:
Implementing full anti-bribery training, policies, and procedures demonstrates a proactive stance against bribery and corruption. Ethical sourcing principles encourage organisations to institutionalise comprehensive anti-bribery measures to ensure transparency, fairness, and compliance within the supply chain, reducing the risk of corrupt practices.

NEW QUESTION # 42
......
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