Cips certification-questions online L4m4 Questions Video by Izabella q0 vce pdf

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Exam Name:	Ethical and Responsible Sourcing
Exam Code:	L4M4 Dumps
Vendor:	CIPS	Certification:	CIPS Level 4 Diploma in Procurement and Supply
Questions:	282 Q&A's	Shared By:	izabella

Question 24

Greg is doing some research on a potential supplier and is concerned that the supplier's funding is based on long-term debts and loans. Working with this supplier therefore might bring additional risks to Greg's business. What should Greg do about his concerns?

Options:

use the Return on Investment Ratio

do an Acid Test

work out the supplier's EBITDA

work out the supplier's gearing ratio

Discussion

Question 25

A buyer is carrying out an assessment to identify the risk of unethical suppliers being selected for a new contract. Which of the following should the assessment include in order to protect the organisation against ethical reputational risks?

Options:

The average staff retention levels experienced by the suppliers

Whether the suppliers have received negative press around their fair treatment of subcontracted staff

The likelihood of suppliers becoming insolvent in the future due to unforeseen circumstances

Performance records (late deliveries/poor quality) of agreed contract deliverables

Discussion

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Question 26

According to the CIPS code of conduct, which laws should a procurement professional adhere to?

Options:

all laws within the country they work in

all international procurement legislation

all laws published by international organisations such as ILO

all laws within countries they have business and contracts in

Discussion

Question 27

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:

Standards provide clear guidelines and remove the risk of ambiguity

Standards will mirror the buyer's requirements in its entirety

Standards will ensure suppliers meet all the buyer's requirements

Standards will ensure low pricing is submitted in the tender response