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[General] Pass Guaranteed Quiz L4M4 - Ethical and Responsible Sourcing Unparalleled New Du

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【General】 Pass Guaranteed Quiz L4M4 - Ethical and Responsible Sourcing Unparalleled New Du

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CIPS Ethical and Responsible Sourcing Sample Questions (Q234-Q239):NEW QUESTION # 234
Which of the following payment mechanisms is most beneficial to the supplier?
  • A. cash in advance
  • B. sight draft
  • C. letter of credit
  • D. open account
Answer: A
Explanation:
cash in advance is the most beneficial to a supplier.
Open account /credit account is the most beneficial to the buyer. Learn this as it's a known exam topic.

NEW QUESTION # 235
Which of the following would you use to work out a company's gearing ratio? Select TWO.
0current liabilities
  • A. shareholder equity
  • B. net profit
  • C. gross sales
  • D. long term debt
Answer: B,D
Explanation:
Gearing measures how much of an organisation's long-term funding is made up of long term debt and loans.
Therefore the correct answers are 'shareholder equity' and 'long term debt'.
There are many question about financial ratios that can come up on the exam. If you're unsure on them I suggest doing further reading outside of the study guide as this will help. I like this youtube video (I'm not associated with the makers of this video but think they're really good at explaining things to beginners) Gearing Ratio explained (youtube.com)

NEW QUESTION # 236
Daniel is evaluating bids from new suppliers who are looking to supply his company XYZ Indus-tries with components for manufacturing. Although price is important, Daniel wishes to consider 'added value'. Which of the following is considered an 'added-value solution'? Select THREE
  • A. cost plus pricing
  • B. on time in full deliveries
  • C. innovation
  • D. bulk discount
  • E. sustainability
Answer: B,C,E
Explanation:
The correct answers are innovation, on time in full deliveries and sustainability.
The other options are pricing mechanisms rather than 'added value'. Added Value is giving the buyer something extra that's not necessarily financial. It can be as simple as delivering orders quicker than expected, or having a dedicated customer service phone line. Something that makes their lives a little easier.

NEW QUESTION # 237
During the quality assurance of a supplier, Margaret is looking for an international standard thatshows the supplier's commitment to sustainable procurement. What document should the supplier provide to show this?
  • A. ISO20400
  • B. ISO14000
  • C. ISO9001
  • D. ISO27000
Answer: A
Explanation:
ISO 20400 is sustainable procurement.
14000 is environment
9001 is quality management
27001 is information security

NEW QUESTION # 238
GDP is an economic index that a procurement professional can use to measure economic data. What does GDP tell you?
  • A. average changes in price over a year
  • B. the value of commodities such as steel, oil and wheat at a point in time
  • C. the value of public limited companies within a country
  • D. the monatary value of the goods manufactured in a financial period
Answer: D
Explanation:
GDP = gross domestic product = "the monetary value of goods and services manufactured or sup-plied in a financial period". People use it to say whether a country's economy is strong or weak.
Stock markets look at the value of public limited companies within a country.
Commodity indices look at the value of commodities such as steel, oil and wheat at a point in time Average changes in price over a year can be measured by CPI or PPI

NEW QUESTION # 239
......
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