Cips exams4sure pass L4m4 Exam Guide by Araya 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:	araya

Question 60

Sourcing aims to achieve the best value for money by taking into account several factors. Freddy issourcing a new component for his company which manufactures tractors. Should Freddy take into consideration ethics and sustainability?

Options:

yes- ethics and sustainability form part of 'value for money'

yes- ethics and sustainability show that the products are fit for purpose

no- 'value for money' is concerned with achieving the lowest price

no- 'value for money' only concerns price and if the product is fit for purpose

Discussion

Question 61

What are some of the benefits of conducting unscheduled supplier audits? Select TWO that apply.

Options:

Unscheduled audits significantly reduce costs compared to scheduled visits

Unscheduled audits help to achieve an unbiased assessment

Unscheduled audits help to identify non-compliance issues

Unscheduled audits increase the risk of providing misinformation

Unscheduled audits are more time-efficient than scheduled audits

Discussion

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Question 62

The balance sheet (statement of financial position) is one of the financial statements used in assessing a supplier’s financial stability. The balance sheet contains information on such items as …

Options:

Cash receipts from customers

Operating expenses and net profit

Liquidity ratios, return on capital employed and gearing

Short-term liabilities (e.g., unpaid taxes and bank overdraft)