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[General] Free Sample L4M4 Questions & L4M4 Reliable Test Dumps

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【General】 Free Sample L4M4 Questions & L4M4 Reliable Test Dumps

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CIPS L4M4 Exam Syllabus Topics:
TopicDetails
Topic 1
  • 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 2
  • Understand the key processes that can be applied to the analysis of potential external suppliers:
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
  • 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 (Q55-Q60):NEW QUESTION # 55
A public sector buyer ran a tender with eight bidders, all meeting minimum standards. How is the award decision made?
  • A. Framework agreement terms
  • B. Supplier location
  • C. The bidder's price
  • D. Weighted criteria
Answer: D
Explanation:
Public sector procurement is bound by transparency, fairness, and value-for-money principles. Once minimum thresholds are met, evaluation must be based on pre-published weighted criteria (often combining price, quality, sustainability, and social value). Sole reliance on price or location would breach fairness and equal treatment obligations. Weighted scoring ensures that decisions are objective, defendable, and aligned with responsible sourcing principles. This also allows ethical and sustainability considerations to be formally scored alongside commercial ones, reinforcing good governance.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - evaluation in public sector, weighted award criteria.

NEW QUESTION # 56
The gross profit of a company can be calculated by using a simple formula. What is this?
  • A. cost of sales - fixed assets
  • B. total revenue - cost of sales
  • C. assets - liabilities
  • D. debt owed - total sales
Answer: B
Explanation:
gross profit = total revenue - cost of sales.
Learn all you can about financial ratios and financial statements for the exam- it's a very common topic

NEW QUESTION # 57
Which of the following are considerations when evaluating quality as a criterion for supplier selection? Select TWO that apply.
  • A. The existence of Total Quality Management (TQM) and a continuous improvement culture
  • B. Certification to the management system ISO 14001
  • C. The existence of policies and initiatives toward more sustainable packaging and materials
  • D. The supplier's environmental impact analysis
  • E. Certification to the management system ISO 9001
Answer: A,E
Explanation:
Total Quality Management (TQM) practices and ISO 9001 certification are indicators of a supplier's commitment to quality. Responsible sourcing evaluates these factors to ensure suppliers meet high-quality standards and continuous improvement expectations.

NEW QUESTION # 58
Which of the following are secondary research sources that can be used when investigating markets and suppliers? Select THREE that apply.
  • A. Economic indices
  • B. Supplier websites
  • C. Focus groups
  • D. Direct conversations
  • E. Supplier interviews
  • F. Professional magazines
Answer: A,B,F
Explanation:
Professional magazines, economic indices, and supplier websites provide secondary data that can be useful in understanding market trends and supplier performance. Responsible sourcing often relies on a mix of primary and secondary data sources to make informed decisions about supplier selection.

NEW QUESTION # 59
A buyer in the public sector has put an advert out asking for interested suppliers to express an interest in a potential tender activity to provide a facilities management contract to a hospital trust. The suppliers who have met that criteria are then sent a document detailing how they should submit their tender, how to price the opportunity, asksQuestionsrelating to how they will deliver the service and gives a deadline for bids to be submitted. Which document have the suppliers ben sent?
  • A. Invitation to Quote
  • B. Request for Tender
  • C. Request for Quotation
  • D. Invitation to Tender
Answer: D
Explanation:
This is an Invitation to Tender.
The only other real document listed in Request for Quotation. This is incorrect because the document asks questions relating to how they will deliver the service. This means price isn't the only factor, which is the case for a RfQ.
Request for Tender and Invitation to Quote are not real things.

NEW QUESTION # 60
......
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