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CIPS Updated L4M4 Exam Questions and Answers by aniyah

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CIPS L4M4 Exam Overview :

Exam Name: Ethical and Responsible Sourcing
Exam Code: L4M4 Dumps
Vendor: CIPS Certification: CIPS Level 4 Diploma in Procurement and Supply
Questions: 301 Q&A's Shared By: aniyah
Question 20

The balance sheet (Statement of Financial Position) is one of the financial statements used in providing important information required in determining the supplier's financial stability. The balance sheet contains information on such items as...

Options:

A.

Cash receipts from customers

B.

Capital employed, operating expenses, and net profit

C.

Liquidity ratios, return on capital employed, and gearing

D.

Short-term liabilities (unpaid taxes and bank overdraft)

Discussion
Question 21

When might a company send a Request for Information (RFI) instead of a Request for Quotation (RFQ)? (Select TWO)

Options:

A.

To obtain indicative prices that could be offered for a range of required products

B.

To negotiate the payment terms detailed in the terms and conditions of sale

C.

To ask for details of the product or range of services that the supplier has to offer

D.

To establish the details of environmental and quality certificates that the supplier may have

E.

To determine whether the supplier can fulfil a purchase order already placed

Discussion
Question 22

Faisal is a medical equipment maintenance services procurement specialist within a local hospital. Faisal is responsible for ensuring contracts are in place that will ensure operational continuity of high-value pieces such as radiology equipment. When carrying out tender opportunities for these services, Faisal will specify, as an essential requirement, that certain standards are adhered to. Which of the following is a benefit of incorporating standards as a requirement within a specification?

Options:

A.

Standards will mirror the buyer’s requirements in its entirety

B.

Standards provide clear guidelines and remove the risk of ambiguity

C.

Standards will ensure suppliers meet all the buyer’s requirements

D.

Standards will ensure low pricing is submitted in the tender response

Discussion
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Question 23

Which of the following areas of legislative and regulatory requirements prevent the deliberate limit-ing of supply and the formation of cartels?

Options:

A.

data protection

B.

product safety standards

C.

marketplace competition

D.

ethical practice

Discussion
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