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CIPS L4M4 Exam With Confidence Using Practice Dumps

Exam Code:
L4M4
Exam Name:
Ethical and Responsible Sourcing
Vendor:
Questions:
180
Last Updated:
Nov 22, 2024
Exam Status:
Stable
CIPS L4M4

L4M4: CIPS Level 4 Diploma in Procurement and Supply Exam 2024 Study Guide Pdf and Test Engine

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Ethical and Responsible Sourcing Questions and Answers

Question 1

Which of the following are signs that modern-day slavery might be taking place within the supply chain? Select THREE.

Options:

A.

suspiciously low labour costs

B.

poor quality products

C.

workers that live on-site

D.

suppliers who speak English as a second language

E.

supplier based in a country with a low score on the Corruption Perception Index

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Question 2

Yolo Inc. have recently run a tender opportunity to find a suitable supplier of yoyos and they have received a number of bids. The supplier will become a strategic partner to the business as yoyos are vital to the success to Yolo Inc. The tender asked for both price submissions and had a number of quality questions. Eamon is the Procurement Manager of Yolo Inc and is responsible for selectingthe most appropriate supplier. How should Eamon appraise the bids?

Options:

A.

evaluate the bids himself as this is a complex requirement

B.

evaluate the bids himself as this is a strategic purchase

C.

organise a cross-functional team to assess the bids as people from other departments may have important information and experience of yoyos

D.

organise a cross-functional team of procurement personnel as they will have experience in assessing price and quality of bids

Question 3

If a commodity index shows that the price of a commodity is continually rising, what does this indicate about the market?

Options:

A.

that there is little demand in the marketplace

B.

demand is exceeding supply

C.

there is a threat of substitution

D.

the marketplace is a monopoly