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CIPS Updated L4M4 Exam Questions and Answers by chase

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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: 180 Q&A's Shared By: chase
Question 28

Which of the following are remedial actions that may be undertaken by the purchasing organisation following a supplier audit? Select the TWO that apply.

Options:

A.

Violating the terms of the supplier contract

B.

Define specific corrective actions for the supplier

C.

Daily brainstorming meetings with the supplier

D.

Employing the supplier’s staff for job training

E.

Running supplier development programmes

Discussion
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Question 29

A public sector buyer has run a competitive tender, for which there were eight bidders. All bidders have met the public sector organisation's minimum standards. In addition, they must also meet several other requirements. The buyer will make the contract award decision based on which of the following?

Options:

A.

Weighted criteria

B.

The supplier location

C.

Framework agreement terms

D.

The bidder's price

Discussion
Question 30

A company's balance sheet will show you which of the following?

Options:

A.

revenue, profit and expenses

B.

equity, assets and liabilities

C.

cash coming in and out of the business

D.

profit, loss and assets

Discussion
Question 31

Bribery is considered an unethical business practice. What constitutes a bribe?

Options:

A.

anything that is of value to the recipient

B.

something that has monetary value

C.

something of significant monetary value

D.

anything that can be traded illegally

Discussion
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