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Test CIPS L4M4 Passing Score | Valid Test L4M4 Experience

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Pass Guaranteed Quiz CIPS - The Best L4M4 - Test Ethical and Responsible Sourcing Passing Score

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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.

CIPS Ethical and Responsible Sourcing Sample Questions (Q144-Q149):

NEW QUESTION # 144
Which of the following is not a Human Rights as protected by the UN Declaration on Human Rights?

A. freedom of Belief and to change beliefs
B. the right to be treated equally
C. the right to change nationality
D. the right to free speech

Answer: C

Explanation:
the right to change nationality is not included in the UN Declaration of Human Rights. There are 30 in total but you're not expected to know them all. You should know the big ones though which are; life, security, belief, equal treatment, free speech and expression. A summary can be found here: Universal Declaration of Human Rights | United Nations

NEW QUESTION # 145
Luke has sent out a Request for Information to test the waters of the supply market for a new product he is sourcing. He has received a high number of detailed documents back from suppliers. Which of the following is Luke now likely to know about the marketplace? Select THREE

A. amount of product competition
B. samples of the product
C. exact costs of the item he's procuring
D. acceptable lead times
E. expected changes in the marketplace

Answer: A,D,E

Explanation:
The correct answers are; lead times, product competition and changes in the marketplace.
You wouldn't expect to receive samples or costings from a Request for Information - rather, these should be expected as part of the Tender Competition

NEW QUESTION # 146
Which of the following is an advantage to the TUPE regulations?

A. Increase in buyer power
B. Value for money for the buying organisation
C. Continuity of supply for the buying organisation
D. Reduced overheads for the buying organisation

Answer: C

Explanation:
Continuity of supply for the buying organisation is an advantage of TUPE regulations.
TUPE is the Transfer of Undertakings (Protection of Employment). It's when the workforce / em-ployees of one company go to work for another one, usually after their company is bought out. They're transferred to the new company along with the furniture and buildings.
TUPE is UK specific. You don't need to know too much details about it for this exam - just what it is and the benefits. The main benefit is people don't lose their jobs when their company gets bought out. Basic guide to TUPE (pinsentmasons.com)

NEW QUESTION # 147
A company has a low gearing of 20%. This shows that the company relies on equity capital and should therefore have less difficulty coping during tough economic times. Is this statement TRUE?

A. Yes- a low gearing ratio means the company's finances are made up of equity rather than debt
B. No- a low gearing shows you that a company isn't likely to be profitable
C. No- a low gearing suggests that the company is financed by long-term debt rather than equity
D. Yes- a low gearing ratio shows that the business is solvent and can deal with supply chain disruptions easily

Answer: A

Explanation:
the correct answer is 'Yes- a low gearing ratio means the company's finances are made up of equity rather than debt'.
Remember low gearing = good (based on equity), high gearing = bad (based on debt). Anything over 50% is considered high.
The two no answers are therefore incorrect and you can discount these straight away. The other yes answer is one of those answers which COULD be true, but isn't always true, and we'd need more information to know for sure. When you get options like this there will be one that is always right and one which is sometimes right
- so always pick the always right one.
Dealing with supply chain disruptions is complex, and depending what the disruption is, how big it is, what the industry is etc determines whether a supplier can handle it or not. Because there's more factors to consider than just gearing, this isn't the right answer.

NEW QUESTION # 148
Why is it important, when awarding high-value contracts, for a buyer to conduct a financial assessment of a supplier?

A. Financial assessments provide a holistic view of a company's capability, including quality and delivery performance
B. A supplier who is highly profitable will be charging prices higher than the average market rate
C. The buyer must ensure continuity of supply because financial problems of a supplier could affect the supply
D. If a supplier has a high credit score, this means it pays its own suppliers late, which could result in stock outs

Answer: C

Explanation:
Financial assessments help ensure a supplier can meet the demands of a high-value contract without disruptions. This aligns with responsible sourcing principles by promoting stable supplier relationships and reducing the risk of supply chain interruptions due to financial instability.

NEW QUESTION # 149
......

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