L4M4 Latest Demo - PDF L4M4 VCE
L4M4 Latest Demo - PDF L4M4 VCE
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Tags: L4M4 Latest Demo, PDF L4M4 VCE, L4M4 Latest Study Notes, L4M4 Latest Study Guide, Valid L4M4 Exam Review
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CIPS L4M4 Exam Syllabus Topics:
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PDF L4M4 VCE & L4M4 Latest Study Notes
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CIPS Ethical and Responsible Sourcing Sample Questions (Q159-Q164):
NEW QUESTION # 159
When evaluating a supplier's proposal in relation to ESC (Environmental, Social, Governance, and ethical elements), it is common to send questionnaires to suppliers requesting information, which can later be scored.
Which of the following questions would be assessing any of the ESC criteria?
* Could you provide details on your manufacturing and raw material costs as part of an open-book pricing contract?
* How do you promote equal opportunity for your employees, customers, and suppliers?
* What is the annual turnover and profitability of your company?
* Does your company have an anti-bribery policy?
- A. 2 and 4
- B. 2 and 3
- C. 1 and 4
- D. 1 and 3
Answer: A
Explanation:
Questions about equal opportunity and anti-bribery policies assess the supplier's commitment to social and ethical standards. These aspects are part of the ESC criteria, which align with responsible sourcing practices by ensuring suppliers maintain ethical workforce practices and governance.
NEW QUESTION # 160
A Request for Quotation asks a supplier to submit a price only, with no other details provided. Is this TRUE?
- A. Yes- this ensures the cheapest supplier is appointed
- B. Yes- price is the only factor considered
- C. No - specifications, technical details and quantities can also be provided
- D. No - quotations provide samples too
Answer: C
Explanation:
Request for Quotations can include more details than just prices. They can include specs and technical drawings and samples. It's like saying 'we can give you this price with these conditions'.
The other no answer is wrong because RfQ don't always include samples. A sample wouldn't be possible for a quote for an IT consultancy piece of work.
NEW QUESTION # 161
Mark is a category manager responsible for buying large pieces of laboratory equipment in the public (government) sector. Which of the following Incoterms would ensure that an overseas supplier is responsible for paying all delivery costs, including import duties and taxes for these goods?
- A. FAS
- B. DDP
- C. EXW
- D. DPU
Answer: B
Explanation:
DDP (Delivered Duty Paid) requires the supplier to cover all delivery costs, including import duties and taxes.
This term ensures that the buyer receives the goods without additional charges, aligning with public sector procurement practices for cost-effective and transparent sourcing.
NEW QUESTION # 162
Which of the following payment mechanisms is most beneficial to the supplier?
- A. letter of credit
- B. sight draft
- C. open account
- D. cash in advance
Answer: D
Explanation:
cash in advance is the most beneficial to a supplier.
Open account /credit account is the most beneficial to the buyer. Learn this as it's a known exam topic.
NEW QUESTION # 163
Other than price, what should a buyer consider when evaluating supplier quotations?
* Lead times
* Add-on costs
* Wastage rates
* Past performance
- A. 1, 2, and 3 only
- B. 1, 3, and 4 only
- C. 1, 2, and 4 only
- D. 2, 3, and 4 only
Answer: C
Explanation:
In addition to price, factors like lead times, add-on costs, and past performance are important to ensure the supplier meets the buyer's requirements sustainably and reliably. These criteria align with ethical sourcing by promoting value and accountability beyond just cost considerations.
NEW QUESTION # 164
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Computers are changing our life day by day. We can do many things on computers. Technology changes the world. If you have dream to be a different people, obtaining a CIPS certification will be the first step. L4M4 learning materials will be useful for you. As you can see the Forbes World's Billionaires List shows people starting bare-handed are mostly engaging in IT field. L4M4 Learning Materials may be the first step to help you a different road to success.
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