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[General] L4M4 Practice Test - CIPS L4M4 Latest Exam Questions: Ethical and Responsible So

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【General】 L4M4 Practice Test - CIPS L4M4 Latest Exam Questions: Ethical and Responsible So

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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
  • 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 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
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q74-Q79):NEW QUESTION # 74
Which of the following items would you expect to find on a balance sheet? Select THREE
  • A. current assets
  • B. stockholders' equity
  • C. gross product sales
  • D. current liabilities
  • E. net product sales
Answer: A,B,D
Explanation:
current assets, current liabilities and equity can be found on a balance sheet. Net and gross sales will be found on a profit and loss account.

NEW QUESTION # 75
A procurement manager has a new contract to award. They know there will be considerable interest from potential suppliers, as there are approximately twelve companies in the market. Which of the following is a benefit of using a full competitive tendering process for this new contract?
  • A. All bidders will be treated equally
  • B. It is a quick and informal process
  • C. All suppliers will know how much the others have bid
  • D. Only the procurement manager can decide who wins
Answer: A
Explanation:
A full competitive tendering process ensures fairness by treating all suppliers equally, allowing them to compete on a level playing field. This aligns with ethical sourcing principles, especially in the public sector, where transparency and equal opportunity are paramount.

NEW QUESTION # 76
Raja is a procurement manager who is keen to gain further insight into the current marketplace and whether local suppliers are capable to provide a service he is looking to procure. He wishes to test the market before he begins a formal tender process. What should Raja do?
  • A. send out a RFI
  • B. send out a RFQ
  • C. speak with his current suppliers
  • D. conduct an open competition
Answer: A
Explanation:
Raja should send out a RFI- request for information; this will allow him to gain feedback from the marketplace prior to tender.
Speaking only with current suppliers will not provide all the information Raja requires.
He should not send out a request for quotation since he is still conducting market research An open competition would be how he can procure, after he's completed his research

NEW QUESTION # 77
A buyer evaluates a supplier's ethical and social practices during the pre-qualification stage of the supplier onboarding process. Which of the following variables would trigger further follow-up activities?
  • A. On discovering that trade (labour) union memberships are not permitted by the supplier in its place of work
  • B. On discovering that no employees can work without agreeing to the buyer organisation's code of conduct
  • C. When staff are unionised and appropriate time is provided for union activities
  • D. If the supplier's employees have a good understanding of their employment rights
Answer: A
Explanation:
Prohibiting trade union membership is a violation of workers' rights and international labor standards. Such a practice indicates potential non-compliance with ethical sourcing principles and necessitates further investigation. Ensuring that suppliers respect workers' rights to association is fundamental to ethical procurement.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 3.3.1:Application of the CIPS Code of Conduct

NEW QUESTION # 78
Dylan is looking to appoint a new supplier of paint to his manufacturing business. The paint will be used to paint buses and taxis and therefore needs to be high quality and durable. Which of the following should Dylan look for in terms of quality management when appraising the suppliers?
  • A. ESG
  • B. conformance specification
  • C. ISO9001
  • D. Carter's 10 Cs
Answer: C
Explanation:
ISO9001 is Quality Management so is therefore the correct answer. The other options can be used to appraise suppliers but do not link directly or fully to Quality Management.

NEW QUESTION # 79
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