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CIPS Updated L4M4 Exam Questions and Answers by lorelai

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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: 217 Q&A's Shared By: lorelai
Question 52

It is good practice for the procuring organisation's auditors to undertake the following upon completion of a supplier's audit. Select the TWO that apply.

Options:

A.

Do nothing, after all, this is a known supplier incapable of serious breaches

B.

Inform the supplier of any non-conformances and improvement opportunities

C.

Report non-compliance to police and have the supplier arrested for lapses

D.

Prepare an audit report that may be shared with the supplier in advance

E.

Call for a meeting with colleagues and share confidential details of the audit

Discussion
Question 53

Henry is importing cheese from South East Asia into the UK. He is doing some research on the costs and risks of this and has discovered that the product may be considered of 'non-preferential origin'. What implications would this mean for Henry?

Options:

A.

he will require insurance

B.

the goods are subject to tariff quotas

C.

there are no duty charges or limitations

D.

the goods are banned in the UK

Discussion
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Question 54

Which of the following would be a valid reason to make a product inhouse, rather than buy it from a supplier?

Options:

A.

improved quality control

B.

less inventory

C.

killset of supplier is higher

D.

threat of substitutions

Discussion
Question 55

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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