THREE EASY-TO-USE AND COMPATIBLE FORMATS OF L4M4 EXAM QUESTIONS

Three Easy-to-Use and Compatible Formats of L4M4 Exam Questions

Three Easy-to-Use and Compatible Formats of L4M4 Exam Questions

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CIPS Ethical and Responsible Sourcing Sample Questions (Q66-Q71):

NEW QUESTION # 66
Which of the following are examples of secondary data? Select TWO

  • A. trade fairs and exhibitions
  • B. economic indices
  • C. networking
  • D. commissioned market research
  • E. comparison websites

Answer: B,E

Explanation:
economic indices and comparison websites are secondary sources of data. The other three are examples of primary sources of data.
Primary= you get the data yourself
Secondary = you find the data from somewhere else


NEW QUESTION # 67
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.

  • A. Product pricing information
  • B. Rebate information
  • C. Tender submission pricing
  • D. Financial stress score
  • E. Payment history

Answer: D,E

Explanation:
Payment history and financial stress scores provide insights into a supplier's financial health and stability.
This information is crucial for procurement professionals in assessing whether a supplier can fulfill long-term commitments, supporting responsible sourcing by mitigating financial risks.


NEW QUESTION # 68
A buyer is only interested in working with suppliers who have strong Environmental and Social Governance practices. It is therefore using ethical criteria as supplier selection stage to determine which suppliers to work with. Which of the following statements is true?

  • A. compliance with Codes of Conduct from professional bodies is mandatory
  • B. ethical behaviour is impossible to determine as issues such as Modern Slavery often go undetected
  • C. the buyer should ask suppliers to be accredited to ISO9001
    a supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs

Answer: C

Explanation:
A supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs is the correct answer.
The other options are wrong:
1) Compliance with Codes of Conduct from professional bodies is optional. E.g. CIPS - no organi-sation is forced to comply with CIPS.
2) Unethical behaviour is not impossible to detect, it may be difficult but with correct due diligence and things like audits it's completely possible
3) ISO 14001 is quality management so is irelevent.


NEW QUESTION # 69
Guillerme is a Category Manager within the procurement department of a Manufacturing company. In his Category there are 200 items he procures, and he has recently undertaken an ABC analysis of these. Which of the following items would be C category items?

  • A. one-off purchases
  • B. strategic sourcing
  • C. high value items
  • D. tail spent

Answer: D

Explanation:
The C category is the 'tail spend' - it represents a large number of suppliers of small value items.
I recommend giving this a read ABC Classification & ABC Method | CIPS


NEW QUESTION # 70
Roberto is running a tender in which his main concern is price. However he is keen to hear also about the companies' Corporate Social Responsibility Policies and how this will impact their delivery. Roberto is considering awarding the CSRquestion4 points in a weighted point system. If he does this, what weight should be given to the price?

  • A. 0
  • B. 1
  • C. 2
  • D. 3

Answer: C

Explanation:
96 is the correct answer- weighted point systems should add up to 100 (as in 100%)


NEW QUESTION # 71
......

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