Shortest Way To Pass CIPS's Ethical and Responsible Sourcing L4M4 Exam

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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 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 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 (Q221-Q226):

NEW QUESTION # 221
A company has a requirement for an item that has been identified as strategic on the positioning model. The company needs to invite competitive tenders and ensure the selected supplier of this item is in a good financial position. What should the company ask the suppliers to send to show that their current assets cover their current liabilities?

A. Profit and loss account
B. Acid test
C. Gearing ratio
D. Annual turnover

Answer: B

Explanation:
The acid test (quick ratio) is an effective measure of a supplier's ability to meet short-term liabilities, providing insights into financial stability. This aligns with responsible sourcing by ensuring the supplier is financially capable of fulfilling a strategic contract.

NEW QUESTION # 222
A buyer might opt to do an 'Invitation to Tender' (ITT) rather than a 'Request for Quotation' (RFQ) process because ...

A. The nature of the goods or services being purchased are complex and high value
B. The contract will be low value and there are many suppliers, therefore a simpler approach is required
C. The supplier market is an oligopoly where a few large suppliers dominate the market
D. Time is of the essence and decisions need to be made quickly without additional stakeholder involvement

Answer: A

Explanation:
An Invitation to Tender (ITT) is used when requirements are complex, high-value, or strategic, requiring detailed supplier submissions, robust evaluation, and structured governance. RFQs are better for low-value, straightforward purchases where price is the main factor. ITTs ensure fairness, transparency, and comprehensive evaluation when the stakes are high. It is not chosen simply because of oligopolies or time pressure. Responsible sourcing requires matching the sourcing process to the complexity and risk of the procurement, ensuring appropriate competition and governance.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - sourcing procedures and their application.

NEW QUESTION # 223
FTSE100 and Sensex are examples of what?

A. financial reports
B. public sector organisations
C. stock markets
D. commodity indices

Answer: C

Explanation:
they are stock markets.
What is the FTSE 100 Index? Complete Beginner's Guide (moneycheck.com)
BSE SENSEX - Wikipedia

NEW QUESTION # 224
Which beneficial outcomes would result from a procurement decision to change supply to alocal sourcefor a services contract?
Select TWO that apply.

A. Reduced impacts on the local environment
B. Reduced need for contract management
C. Improved innovation in service design
D. Employment opportunities for local workers
E. Economic stimulation for the local area

Answer: D,E

Explanation:
Sourcing services locally can deliversocial and economic benefits, including the creation oflocal employment opportunitiesandeconomic stimulation within the community. Local suppliers often reinvest in the local economy, supporting regional development and social value objectives. While reduced environmental impact may occur, it is not guaranteed for services, and contract management requirements remain regardless of supplier location. Ethical and responsible sourcing encourages consideration of social value outcomes, particularly where procurement decisions can positively impact local communities and stakeholders.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - social value; local sourcing benefits.

NEW QUESTION # 225
What is the best way to demonstrate that your organisation does not tolerate bribery and corruption?

A. Not working with suppliers who have a reputation for bribery
B. Asking all suppliers to read your organisation's anti-bribery policy
C. Having full anti-bribery training, policies, and procedures in place
D. Requesting suppliers' ethical policies annually

Answer: C

Explanation:
The most effective way to demonstrate zero tolerance is by embedding a comprehensive anti-bribery framework: clear policies, mandatory staff and supplier training, reporting channels, and monitoring. Simply requesting suppliers' policies or avoiding known offenders is reactive, not proactive. Requiring suppliers to read policies without internal enforcement lacks substance. CIPS highlights that robust governance structures, supported by recognised frameworks such as the UK Bribery Act or FCPA, reinforce organisational credibility, protect reputation, and ensure compliance. This builds trust across supply chains and ensures ethical standards are maintained.
Reference: CIPS L4M4 Study Guide (v2), LO: "Concepts" - ethics, anti-bribery and corruption frameworks.

NEW QUESTION # 226
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