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:	301 Q&A's	Shared By:	tahlia

Question 12

Credit rating agencies can assist procurement professionals. Typically, which of the following can be obtained from a credit rating agency report? Select TWO that apply.

Options:

Product pricing information

Payment history

Financial stress score

Tender submission pricing

Rebate information

Discussion

Question 13

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:

Violating the terms of the supplier contract

Define specific corrective actions for the supplier

Daily brainstorming meetings with the supplier

Employing the supplier’s staff for job training

Running supplier development programmes

Discussion

Question 14

A buyer might opt to do an 'Invitation to Tender' rather than a 'Request for Quotation' process because ...

Options:

The supplier market is an oligopoly where there are a few large suppliers dominating the market

Time is of the essence, and decisions need to be made quickly without additional stakeholder involvement

The contract will be low value and there are many suppliers, so a simpler approach is required

The nature of the goods or services being purchased is complex and high value

Discussion

Question 15

A balance sheet will show a company's assets, liabilities and shareholder equity. What is share-holder equity?

Options:

the profit from sales once tax has been deducted

the amount of money held in the company's bank account

the owners' residual claim once all debt has been paid

the amount of money from retained earnings

Discussion

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