Free PDF Updated CIPS - L4M4 - Ethical and Responsible Sourcing Exam Reference

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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	Understand the key processes that can be applied to the analysis of potential external suppliers:
Topic 3	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 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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L4M4 Sample Questions | L4M4 New Dumps Book

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CIPS Ethical and Responsible Sourcing Sample Questions (Q123-Q128):

NEW QUESTION # 123
Ramesh is an IT category manager within the UK's NHS and is responsible for the procurement of a new high-value network system. Ramesh 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. The contract will be awarded strictly on pricing criteria
C. Direct negotiations occur prior to suppliers submitting their offer
D. It is only relevant when there are few suppliers in the market

Answer: A

Explanation:
Restricted tendering is a two-stage process: first, a pre-qualification stage to ensure only capable, compliant suppliers are invited; second, the issue of the ITT to that shortlist. This method is appropriate when requirements are complex, high-value, or where assurance of supplier competence is essential. It is not based solely on price and does not rely on limited supplier numbers but on filtering through qualification. This balances transparency and efficiency, avoiding wasteful evaluation of unsuitable suppliers while still maintaining competitive tension. CIPS L4M4 highlights that restricted tendering strengthens governance, improves efficiency, and ensures due diligence in supplier selection.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - tendering methods (open, restricted, negotiated).

NEW QUESTION # 124
A balance sheet will show a company's assets, liabilities and shareholder equity. What is share-holder equity?

A. the amount of money from retained earnings
B. the profit from sales once tax has been deducted
C. the owners' residual claim once all debt has been paid
D. the amount of money held in the company's bank account

Answer: C

Explanation:
shareholder equity = the owner/s of the organisation's residual claim once all debts have been paid. What Is Shareholder Equity (SE) and How Is It Calculated? (investopedia.com)

NEW QUESTION # 125
Which of the following would you use to work out a company's gearing ratio? Select TWO.
0current liabilities

A. long term debt
B. gross sales
C. shareholder equity
D. net profit

Answer: A,D

Explanation:
Gearing measures how much of an organisation's long-term funding is made up of long term debt and loans.
Therefore the correct answers are 'shareholder equity' and 'long term debt'.
There are many question about financial ratios that can come up on the exam. If you're unsure on them I suggest doing further reading outside of the study guide as this will help. I like this youtube video (I'm not associated with the makers of this video but think they're really good at explaining things to beginners) Gearing Ratio explained (youtube.com)

NEW QUESTION # 126
A procurement manager suggests implementing an ISO environmental standard to improve procurement practices. Some colleagues worry about complexity and resistance. Should the company proceed?

A. No, ISO standards are too complex for staff and suppliers
B. Yes, as it would align with and help to achieve sustainability goals
C. No, because ISO standards are only relevant to large organisations
D. Yes, implementation would guarantee compliance with environmental laws

Answer: B

Explanation:
ISO environmental standards (e.g., ISO 14001) provide a structured framework for managing environmental responsibilities. They support sustainability goals by embedding continual improvement, legal compliance, and stakeholder trust. They are relevant to organisations of all sizes and sectors, not just large firms. While they do not automatically guarantee compliance, they enhance systematic control, training, and supplier engagement. Resistance and complexity can be overcome with phased implementation and awareness- building. CIPS emphasises that adoption of recognised standards demonstrates responsible sourcing, aligns with CSR strategies, and reassures stakeholders about commitment to sustainability.
Reference: CIPS L4M4 Study Guide (v2), LO: "Concepts" - standards, sustainability frameworks, ISO principles.

NEW QUESTION # 127
Pierre is constructing a tender for a security contract. As well as cost, he would like to ask the security companies some questions about their health and safety processes and staff qualifications. He has created several questions and weighted these so that they add up to 25. is this the correct thing to do?

A. no- the weighting should total 10
B. no- the weighting should total 100
C. yes- point systems can be weighted any way a buyer choses so long as this is explained in the ITT
D. yes- 25 is the correct weighting for quality question

Answer: B

Explanation:
weighted points systems for assessments should add up to 100. This is 100%.
An example is how this would work is
Price = 50%
Health and Safety questions= 30%
Qualifications = 20%

NEW QUESTION # 128
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