ONLINE CIPS L4M4 PRACTICE TEST ENGINE & EVALUATE YOURSELF

Online CIPS L4M4 Practice Test Engine & Evaluate Yourself

Online CIPS L4M4 Practice Test Engine & Evaluate Yourself

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These Ethical and Responsible Sourcing (L4M4) exam questions are a one-time investment to clear the L4M4 test in a short time. These L4M4 exam questions eliminate the need for candidates to study extra or irrelevant content, allowing them to complete their CIPS test preparation quickly. By avoiding unnecessary information, you can save time and crack the Ethical and Responsible Sourcing (L4M4) certification exam in one go. Check out the features of the three formats.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q96-Q101):

NEW QUESTION # 96
Bribery is considered an unethical business practice. What constitutes a bribe?

  • A. something of significant monetary value
  • B. something that has monetary value
  • C. anything that is of value to the recipient
  • D. anything that can be traded illegally

Answer: C

Explanation:
A bribe is anything that is of value to the recipient. It's commonly money, but could also be an item such as a car, or doing someone a favour such as hiring their son.


NEW QUESTION # 97
Philip is a procurement manager at XYZ Company which imports raw materials from abroad. Sup-pliers provide quotes to Philip in their local currency. Is this the best way to reduce the risk to XYZ Company of currency fluctuations?

  • A. no- quoting in the supplier's currency increases the risk for the buyer
  • B. yes- this means the price won't go up or down
  • C. no- quoting in the supplier's currency does not affect the risk to the buying organisation
  • D. yes- this puts the risk on the supplier

Answer: A

Explanation:
The correct answer is 'no- quoting in the supplier's currency increases the risk for the buyer'. This questions comes up in a variety of formats in the exam. Remember; if the price is in your own currency (most examples in the exam are given in £) there is less risk than if the prices are quoted in a foreign currency. This is because exchange rates fluctuate; if the price is in £ you always know what you're paying, if it's in another currency the price can change daily depending on if the exchange rate compared to £ has gone up or down.


NEW QUESTION # 98
Which of the following financial documents would show whether a supplier has sufficient funds to pay their subcontractors in the short term?

  • A. profit and loss account
  • B. balance sheet
  • C. cash flow statement
  • D. ESG policy

Answer: C

Explanation:
A cash flow statement shows the money coming in and out. This would therefore show whether a supplier has enough money coming in, to be able to pay some of it out to a subcontractor.
P&L and Balance Sheets look more broadly at finances, rather than saying what's physically in the bank at a specific given time.
Do learn the difference between these three financial documents for the exam.
Balance Sheet: Explanation, Components, and Examples (investopedia.com) Profit and Loss Statement Meaning, Importance, Types, and Examples (investopedia.com) Cash Flow Statement: How to Read and Understand It (investopedia.com)


NEW QUESTION # 99
Why would you use a credit score to appraise a supplier?

  • A. to find out if the supplier has any unethical business practices
  • B. to understand if their prices reflect market value
  • C. to understand the level of risk the supplier poses to your organisation
  • D. to find out how much money the supplier has in the bank

Answer: C

Explanation:
A credit rating generates a score which reflects 'the level of risk an organisation poses when dealing with other businesses'. It's saying how risky it is to loan them money or do business with them by looking at how good they are at paying people. So a high credit rating will say they're good at paying back their loans and paying their suppliers on time. A poor credit rating will say they often miss payments or pay late.
A credit rating will not tell you how much money they have, or details on their prices. Credit scores looks at purely financial data so wouldn't help you analyse whether their business practices are ethical or not.


NEW QUESTION # 100
The procurement team received an urgent request from the business to source quotations for pestcontrol services. The team decided to use a local newspaper to advertise the requirements. Was this an appropriate approach to use in the circumstances?

  • A. No, because they might receive too many irrelevant proposals which may delay the assessing process
  • B. Yes, so that the local pest control sector can decide between them who should bid
  • C. Yes, they must seek as many bids as possible, even if it takes longer
  • D. No, because international vendors must also be notified of the opportunity

Answer: A

Explanation:
Advertising in a local newspaper for a specialized requirement can lead to irrelevant bids, delaying the process. Efficient sourcing practices recommend targeted advertising to reach qualified suppliers, ensuring timely responses and reducing assessment time, especially for urgent needs.


NEW QUESTION # 101
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