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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	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 4	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.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q118-Q123):

NEW QUESTION # 118
Weighted points systems can be applied to evaluate and compare potential suppliers. For which of the following factors would it be appropriate to use this method?
* Financial stability
* Supplier reliability
* Market demand
* Negotiation styles

A. 1 and 2 only
B. 2 and 3 only
C. 3 and 4 only
D. 1 and 4 only

Answer: A

Explanation:
Financial stability and supplier reliability are quantifiable factors suited to weighted points systems, allowing procurement professionals to objectively assess and compare suppliers. This method aligns with ethical sourcing practices by promoting fairness and transparency in supplier selection.

NEW QUESTION # 119
Balance sheet (Statement of Financial Performance) ratios measure the liquidity and solvency of a business.
One of the liquidity ratios is called the 'current ratio'. The formula for current ratio uses which of the following pieces of information from the balance sheet?
Select TWO that apply.

A. Total current assets
B. Current cost of goods sold
C. Total current liabilities
D. Total sales income
E. Current equity capital

Answer: A,C

Explanation:
Thecurrent ratiomeasures a supplier's ability to meet short-term financial obligations and is calculated as total current assets divided by total current liabilities. Current assets include cash, receivables, and inventory, while current liabilities include overdrafts, trade payables, and short-term debt. Equity capital relates to ownership, not liquidity, and sales income and cost of goods sold appear in the income statement, not the balance sheet. Ethical and responsible sourcing requires procurement professionals to assess supplier liquidity to reduce the risk of supply disruption caused by cash-flow problems.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - financial ratios; liquidity assessment.

NEW QUESTION # 120
In which instance would multiple sourcing be the most applicable approach?

A. Sourcing for the provision of a service, where close relationship management is required
B. Sourcing a specialised, unique component where the supplier's knowledge is key
C. Sourcing for high-cost, strategically important components
D. Sourcing for components required at short notice

Answer: D

Explanation:
Multiple sourcing reduces dependency risks and provides flexibility in urgent supply situations. For components needed at short notice, having multiple suppliers ensures continuity and responsiveness.
Strategic, high-value, or unique components (B, C) often require single or closer sourcing to ensure collaboration and expertise. Service provision (A) typically benefits from relationship-based sourcing rather than multiple arrangements. Responsible sourcing stresses that multiple sourcing is a risk management tool, best applied where speed, availability, and resilience are essential.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - sourcing strategies (single vs multiple sourcing).

NEW QUESTION # 121
What might a buyer encounter if the supplier's government has introduced a protectionist measure?

A. Arbitration
B. Carnets
C. Import duties
D. Inward processing relief

Answer: C

Explanation:
Protectionist measures are designed to shield domestic industries from foreign competition. The most common form is import duties (tariffs), which raise the landed cost of goods entering the country. This creates a barrier to trade by making imports less competitive compared to local products. Arbitration is a dispute resolution method, not a trade barrier. Carnets are documents for temporary duty-free movement of goods, and inward processing relief is an exemption for goods imported for re-export. Responsible sourcing requires buyers to anticipate the cost and risk implications of protectionism when engaging in international supply.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implications" - tariffs, duties, and trade barriers.

NEW QUESTION # 122
Which financial statement would be used for analysing an organisation's assets?

A. Profit and loss account (statement of financial performance)
B. Credit rating reports
C. Cash flow statement
D. Balance sheet (statement of financial position)

Answer: D

Explanation:
Thebalance sheet, also known as the statement of financial position, provides a snapshot of an organisation's assets, liabilities, and equityat a specific point in time. It is the primary financial statement used to analyse what an organisation owns and owes. The profit and loss account focuses on income and expenses, while the cash flow statement shows cash movements. Credit rating reports summarise financial risk but are not financial statements. Ethical and responsible sourcing requires procurement professionals to understand balance sheets to assess supplier stability and reduce supply continuity risks.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - financial statements and supplier assessment.

NEW QUESTION # 123
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