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[General] New L4M4 Test Answers | L4M4 Practice Mock

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【General】 New L4M4 Test Answers | L4M4 Practice Mock

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CIPS L4M4 Exam Syllabus Topics:
TopicDetails
Topic 1
  • Understand the key processes that can be applied to the analysis of potential external suppliers:
Topic 2
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 3
  • 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 4
  • 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.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q283-Q288):NEW QUESTION # 283
Credit rating agencies can assist procurement professionals. Typically, which of the following can be obtained from a credit rating agency report? Select TWO that apply.
  • A. Tender submission pricing
  • B. Financial stress score
  • C. Product pricing information
  • D. Payment history
  • E. Rebate information
Answer: B,D
Explanation:
Payment history and financial stress scores provide insights into a supplier's financial health and stability.
This information is crucial for procurement professionals in assessing whether a supplier can fulfill long-term commitments, supporting responsible sourcing by mitigating financial risks.

NEW QUESTION # 284
Which of the following is a regulatory body which protects the rights of workers?
  • A. FairTrade
  • B. WWF
  • C. ILO
  • D. ISO
Answer: C
Explanation:
ILO = the International Labour Organisation.
ISO is the International Standardisation Organisation- they also come up in this exam.
Fair Trade is about paying suppliers properly.
WWF is the World Wildlife Foundation, or if you watched wrestling in the 90s, the original WWE. You do not need to know about wildlife or wrestling for this exam.

NEW QUESTION # 285
What are the two main financial accounting statements of an organisation that show the values of assets and liabilities, and the profit earned in the period?
  • A. Profit and loss account (statement of financial performance) and chairman's statement (in the annual report)
  • B. Cash flow statement (statement of cash flow) and profit and loss statement (statement of financial performance)
  • C. Cash flow statement (statement of cash flow) and balance sheet (statement of financial position)
  • D. Balance sheet (statement of financial position) and profit and loss account (statement of financial performance)
Answer: D
Explanation:
The balance sheet and profit and loss account provide a comprehensive view of an organisation's financial health, showing assets, liabilities, and profits. These statements are essential in evaluating a supplier's financial capacity, aligning with responsible sourcing practices for financial stability.

NEW QUESTION # 286
Which of the following information can facilitate international imports and exports?
* Product quality statistics
* Certificate of origin
* Purchase order
* Supplier financial position
  • A. 2 and 3 only
  • B. 1 and 3 only
  • C. 1 and 4 only
  • D. 2 and 4 only
Answer: A
Explanation:
International trade relies on proper documentation. A certificate of origin (2) confirms where goods are produced, often required for customs clearance and to determine tariffs. A purchase order (3) provides formal buyer intent and agreement of terms, forming the basis for customs and logistics processes. Product quality statistics (1) and supplier financial position (4) are relevant for supplier selection and monitoring but not directly for import/export processes. Responsible sourcing requires procurement professionals to ensure correct documentation is used to avoid delays, penalties, or breaches of trade regulations.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - documentation in international sourcing.

NEW QUESTION # 287
When might a company send a Request for Information (RFI) instead of a Request for Quotation (RFQ)?
(Select TWO)
  • A. To establish the details of environmental and quality certificates that the supplier may have
  • B. To ask for details of the product or range of services that the supplier has to offer
  • C. To determine whether the supplier can fulfil a purchase order already placed
  • D. To negotiate the payment terms detailed in the terms and conditions of sale
  • E. To obtain indicative prices that could be offered for a range of required products
Answer: A,B,E
Explanation:
An RFI is an exploratory tool, used to gather information before specifications or tendering. It is appropriate for obtaining indicative pricing (A), understanding the range of products/services (C), and confirming certifications like environmental or quality standards (D). RFQs, by contrast, request firm pricing based on defined specifications. RFIs are not used to renegotiate existing contracts (E) or agree payment terms (B).
Responsible sourcing emphasises using RFIs to identify suppliers aligned with ethical, environmental, and operational expectations before moving to a formal competitive process.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - RFI, RFQ, and ITT differences.

NEW QUESTION # 288
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