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CIPS Updated L4M4 Exam Questions and Answers by murphy

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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: murphy
Question 40

A buyer in the public sector has put an advert out asking for interested suppliers to express an interest in a potential tender activity to provide a facilities management contract to a hospital trust. The suppliers who have met that criteria are then sent a document detailing how they should submit their tender, how to price the opportunity, asks Questions relating to how they will deliver the service and gives a deadline for bids to be submitted. Which document have the suppliers ben sent?

Options:

A.

Request for Quotation

B.

Invitation to Tender

C.

Invitation to Quote

D.

Request for Tender

Discussion
Question 41

Commodities are items which can be traded on the stock exchange. These are generally divided into four categories. What are these four categories?

Options:

A.

metals, energy, elements and agriculture

B.

fruit, vegetables, meat and dairy

C.

energy, agriculture, metals, livestock

D.

chemicals, agriculture, metals and livestock

Discussion
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Question 42

A prequalification questionnaire can allow a buyer to determine whether or not a potential supplier shares the same ethical values at an early stage of a procurement process. Obtaining confirmation that a supplier has not previously been convicted of breaches of modern slavery legislation belongs to which form of evaluation criteria?

Options:

A.

Environmental

B.

Social

C.

Economic

D.

Quality

Discussion
Question 43

Using a weighted scorecard to assess and compare supplier proposals is beneficial for which of the following reasons?

Options:

A.

Deciding on what score to give each criterion is subjective and can avoid transparency in the selection process

B.

It provides an objective and consistent approach to evaluating bids and ensures that best value for money is achieved

C.

It increases bias towards suppliers who otherwise might not have been awarded the contract

D.

The focus on price simplifies the assessment process, making it easier to select the lowest cost supplier

Discussion
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