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CIPS L4M4 Exam Syllabus Topics:
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Reference: https://www.cips.org/qualifications/diploma-in-procurement-supply/ethical-and-responsible-sourcing
CIPS Ethical and Responsible Sourcing Sample Questions:
Which of the following factors are typically considered when assessing a supplier's financial capacity?
- A. The price quoted in the request for quotation
- B. The supplier's profitability and asset levels
- C. The supplier's costing methods and markup percentage
- D. The supplier's compliance with regulations for minimum wages
Correct Answer: B 🗳️
Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).
Ramesh is an IT category manager within the UK's National Health Service and is responsible for the procurement of a new high-value network system, which will be used across multiple doctors'practices and community health centres. Ramesh has reviewed the different tender approaches and has concluded that the use of a restricted tender is the most appropriate. Which of the following statements is true for a restricted tender process?
- A. Suppliers responding to the tender are pre-qualified
- B. Direct negotiations occur prior to suppliers submitting their offer
- C. The contract will be awarded strictly on pricing criteria
- D. It is only relevant when there are few suppliers in the market
Correct Answer: A 🗳️
Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).
Which of the following is considered as part of ESG?
- A. economic and social governance
- B. market conditions and product lifecycle
- C. liquidity, gearing and profitability
- D. bribery, corruption and the environment
Correct Answer: B 🗳️
Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).
A 'carnet' provides evidence of the origin of goods shipped in an international trade transaction. Is this statement correct?
- A. It is a widely used import document that confirms the origin of goods
- B. It is a document that allows the temporary free movement of goods
- C. It is only used when exporting goods from Europe and confirms the country of origin
- D. It is a type of insurance cover to protect against loss of goods in transit
Correct Answer: B 🗳️
Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).
Azram is a facilities category buyer within the UK police force and is managing an overseas sourcing project for police uniform and personal protective equipment. Azram is of the opinion that international sourcing will help deliver much-needed financial savings, which can be utilized in other areas of the UK police force.
Azram is aware that exchange rate fluctuations can create risk for his organisation. How can Azram remove this risk?
- A. Evaluate international supplier's financial accounts
- B. Carry out a competitive tender exercise
- C. Ask suppliers to quote in GBP Sterling
- D. Request to use the exchange rate applicable at the time of delivery
Correct Answer: C 🗳️
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