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CIPS Updated L4M4 Exam Questions and Answers by araya

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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: 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:

A.

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

B.

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

C.

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

D.

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:

A.

Unscheduled audits significantly reduce costs compared to scheduled visits

B.

Unscheduled audits help to achieve an unbiased assessment

C.

Unscheduled audits help to identify non-compliance issues

D.

Unscheduled audits increase the risk of providing misinformation

E.

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:

A.

Cash receipts from customers

B.

Operating expenses and net profit

C.

Liquidity ratios, return on capital employed and gearing

D.

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

Discussion
Question 63

Which of the following are primary sources of data? Select TWO.

Options:

A.

market reasearch commissioned by a rival company

B.

economic indices such as PPI or CPI

C.

published price lists

D.

trade fairs and exibits

E.

phone calls with current suppliers

Discussion
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