Exam CIPS L4M4 Dumps & Practice L4M4 Exam

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| 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.
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| Topic 2 | - 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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| 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 | - Understand the key processes that can be applied to the analysis of potential external suppliers:
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L4M4 real exam dumps: Ethical and Responsible Sourcing & L4M4 free practice exam
As practice makes perfect, we offer three different formats of CIPS L4M4 exam study material to practice and prepare for the Ethical and Responsible Sourcing (L4M4) exam. Our CIPS L4M4 practice test simulates the real L4M4exam and helps applicants kill exam anxiety. These L4M4 practice exams provide candidates with an accurate assessment of their readiness for the L4M4 test.
CIPS Ethical and Responsible Sourcing Sample Questions (Q196-Q201):
NEW QUESTION # 196
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 amount of money held in the company's bank account
- C. the owners' residual claim once all debt has been paid
- D. the profit from sales once tax has been deducted
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 # 197
A supplier operates in a monopolistic market where the threat of entry is low. The product that they offer is key in manufacturing certain types of submarines and there is no known substitute for the product at present.
What type of sourcing relationship is a buyer likely to have with this supplier?
- A. sole sourced
- B. single sourced
- C. multiple sourced
- D. dual sourced
Answer: A
NEW QUESTION # 198
A buyer for a large manufacturing organisation is assessing a sole supplier tender opportunity. The buyer is finding it challenging to differentiate the proposals on unit purchase price. Are there any added values that the procurement manager can use to leverage the sole supplier proposal?
- A. No, the buyer must make the decision based on the existing information
- B. Yes, but only if the buyer decides to re-start the tender opportunity
- C. Yes, the buyer can negotiate on aspects such as after-sales service
- D. No, because a buyer has no leverage over a sole supplier
Answer: C
Explanation:
In cases where price differentiation is minimal, negotiating on added-value services like after-sales support can offer additional benefits. This aligns with responsible sourcing by focusing on long-term value and fostering a cooperative relationship with the supplier.
NEW QUESTION # 199
Which models would be appropriate for analysis of the supply market?
* Porter's Five Forces
* Porter's Value Chain
* STEEPLED
* Ishikawa Fishbone
- A. 2 and 4 only
- B. 1 and 3 only
- C. 2 and 3 only
- D. 1 and 2 only
Answer: B
Explanation:
Supply market analysis involves identifying competitive pressures and external influences. Porter's Five Forces assesses supplier power, buyer power, threat of substitutes, new entrants, and rivalry - directly relevant to market dynamics. STEEPLED analysis considers external macro-environmental factors (social, technological, economic, environmental, political, legal, ethical, demographic). By contrast, Porter's Value Chain analyses internal activities of a single organisation, while the Ishikawa diagram is a root-cause tool for problem-solving, not market analysis. Using the correct tools ensures sourcing decisions account for risks and opportunities at both industry and macro levels.
Reference: CIPS L4M4 Study Guide (v2), LO: "Concepts" - market analysis tools, external environment scanning.
NEW QUESTION # 200
An international supplier of shirts provides four different prices for each garment depending on the Incoterm selected by the buyer. Which Incoterm would support achieving the lowest unit price per garment?
Answer: D
Explanation:
Under EXW (Ex Works) the seller prices only for making goods available at their premises; the buyer bears transport, export formalities, main carriage, and risk from collection. Because the seller's obligations are minimal, the quoted unit price is typically the lowest. Delivered terms (DAP/DDP/CPT) add seller costs and risk, raising the price.
Reference: CIPS L4M4 Study Guide (v2): LO "Application" - Incoterms responsibilities, cost/risk allocation.
NEW QUESTION # 201
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