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2025 Authoritative Top L4M4 Dumps | 100% Free Ethical and Responsible Sourcing Reliable Exam Simulations

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CIPS L4M4 Exam Syllabus Topics:

Topic
Details

Topic 1

Understand options for sourcing requirements from suppliers: This section covers the sourcing process, approaches, options, and award criteria for obtaining requirements from suppliers. The sub-topics provide a foundation for strategic sourcing.

Topic 2

Understand compliance issues when sourcing from suppliers: It explores legislative, regulatory, and organizational requirements for sourcing. It compares the use of audit and other mechanism of feedback.

Topic 3

Understand the key processes that can be applied to the analysis of potential external suppliers:

Topic 4

This section examines analyzing market data, obtaining quotations
tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q36-Q41):

NEW QUESTION # 36
Which of the following payment mechanisms is most beneficial to the buyer?

A. term / time draft
B. open/ credit account
C. cash in advance
D. sight draft

Answer: B

Explanation:
Open account (aka credit account) is most beneficial to the buyer. The supplier delivers the goods then the buyer pays.
Cash in advance is most beneficial to the supplier. The buyer pays for the item before receiving it.
This is a known exam topic.

NEW QUESTION # 37
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. Request to use the exchange rate applicable at the time of delivery
B. Evaluate international supplier's financial accounts
C. Ask suppliers to quote in GBP Sterling
D. Carry out a competitive tender exercise

Answer: C

Explanation:
Requesting suppliers to quote in GBP Sterling removes exchange rate risk by fixing the cost in the buyer's local currency. This strategy aligns with responsible sourcing practices by providing cost stability and protecting the procurement budget from currency fluctuations.

NEW QUESTION # 38
The Freedom of Information Act is a piece of UK legislation which allows members of the public to request information on issues such as public sector sourcing. When a request is made, it is compulsory for the public sector to provide this information to the public. Is this statement true?

A. no- the public sector can choose not to publish information if it is not deamed to be in the public interest
B. no- the public sector does not need to provide information on sourcing activities
C. yes- the information must be posted publically online
D. yes- the information must be provided within 28 days

Answer: A

Explanation:
the correct answer is 'no- the public sector can choose not to publish information if it is not deemed to be in the public interest'.
They use something called the 'public interest test' to determine if the information should be re-leased or not.
For example they may not respond to a request asking how many bullets the UK Army has in storage, as that would be detrimental to national security interests.
Responses to requests are made within 21 days, not 28.

NEW QUESTION # 39
During the quality assurance of a supplier, Margaret is looking for an international standard thatshows the supplier's commitment to sustainable procurement. What document should the supplier provide to show this?

A. ISO20400
B. ISO14000
C. ISO27000
D. ISO9001

Answer: A

Explanation:
ISO 20400 is sustainable procurement.
14000 is environment
9001 is quality management
27001 is information security

NEW QUESTION # 40
GDP is an economic index that a procurement professional can use to measure economic data. What does GDP tell you?

A. average changes in price over a year
B. the value of public limited companies within a country
C. the monatary value of the goods manufactured in a financial period
D. the value of commodities such as steel, oil and wheat at a point in time

Answer: C

Explanation:
GDP = gross domestic product = "the monetary value of goods and services manufactured or sup-plied in a financial period". People use it to say whether a country's economy is strong or weak.
Stock markets look at the value of public limited companies within a country.
Commodity indices look at the value of commodities such as steel, oil and wheat at a point in time Average changes in price over a year can be measured by CPI or PPI

NEW QUESTION # 41
......

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