Cips pass4future cips Level 4 Diploma In Procurement And Supply L4m4 New Questions by Tahlia 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:	tahlia

Question 12

What would an EBITDA ratio show you?

Options:

how profitable a business is

how solvent a business is

how much of a business's funding is made up of long term debt

how effectively a business uses its assets to generate sales

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Question 13

Tracey Collum is a procurement professional and married to Nick Collum. Tracey has been leading a tender for a new radar system, where four suppliers have submitted their bids. After the bids were received, Nick joined one of the suppliers (Supplier X) as the project director for radar systems. Nick has asked Tracey to award the contract to Supplier X. What should Tracey do?

Options:

Award the contract to Supplier X because Nick will be promoted if Supplier X wins the contract

Award the contract to Supplier X because Tracey can ask for a better price because they are married

Ask to be removed from the tender due to a conflict of interest and complete a conflict of interest form

Remove Supplier X from the tender due to a conflict of interest and continue with the tender

Discussion

Question 14

In which instance would multiple sourcing be the most applicable approach?

Options:

Sourcing for the provision of a service, where close relationship management is required

Sourcing a specialised, unique component where the supplier's knowledge is key

Sourcing for high-cost, strategically important components

Sourcing for components required at short notice

Discussion

Question 15

A procurement manager suggests implementing an ISO environmental standard to improve procurement practices. Some colleagues worry about complexity and resistance. Should the company proceed?

Options:

No, because ISO standards are only relevant to large organisations

No, ISO standards are too complex for staff and suppliers

Yes, implementation would guarantee compliance with environmental laws

Yes, as it would align with and help to achieve sustainability goals