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CIPS L4M4 Exam Overview:

Certification Vendor:	CIPS
Exam Name:	Ethical and Responsible Sourcing
Exam Number:	L4M4
Exam Duration:	90 minutes
Real Exam Qty:	60
Passing Score:	70%
Exam Format:	Multiple Choice Questions (MCQ), Multiple Selection Questions
Related Certifications:	CIPS Level 4 Diploma in Procurement and Supply
Available Languages:	English
Certificate Validity Period:	N/A
Exam Price:	$185.69
Sample Questions:	CIPS L4M4 Sample Questions
Exam Way:	Computer-based exam at CIPS accredited exam centre
Pre Condition:	No mandatory pre-requisites, but candidates are typically working towards or enrolled in the CIPS Level 4 Diploma in Procurement and Supply.
Official Syllabus URL:	https://www.cips.org/students/level-4-diploma

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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 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 the key processes that can be applied to the analysis of potential external suppliers:

CIPS Ethical and Responsible Sourcing Sample Questions (Q289-Q294):

NEW QUESTION # 289
Which of the following items would you expect to find on a balance sheet? Select THREE

A. gross product sales
B. stockholders' equity
C. net product sales
D. current assets
E. current liabilities

Answer: B,D,E

Explanation:
current assets, current liabilities and equity can be found on a balance sheet. Net and gross sales will be found on a profit and loss account.

NEW QUESTION # 290
A Bill of Exchange is an important document used when importing goods into a country from abroad. What is the purpose of this document?

A. details payment instructions
B. details who is responsible for the insurance of the goods during transit
C. explains which tariffs apply to the goods
D. specifies the country of origin of the goods

Answer: A

Explanation:
A Bill of Exchange is a payment instruction - it says who will pay whom and when.
Bill of Exchange Definition: Examples and How It Works (investopedia.com)

NEW QUESTION # 291
What course of action should be taken when an audit of a supplier identifies evidence of human rights malpractice?

A. Immediately raise the issue with the supplier and jointly develop a timely action plan to be implemented before a repeat audit
B. Immediately halt all orders with the supplier, make a record of the violation in the supplier database, and switch to an alternative source of supply
C. Remove all business and inform press organisations, who will in turn bring the issue to the attention of formal governmental organisations who can take action
D. Allow the supplier to complete current orders placed, while pursuing an alternative source to change to as soon as approved

Answer: A

Explanation:
Addressing human rights issues collaboratively by developing an action plan allows for improvement and correction. This approach is consistent with ethical sourcing principles, which encourage responsible intervention to correct and improve supply chain practices rather than punitive measures that may not lead to long-term change.

NEW QUESTION # 292
Mark is an audio visual category buyer in the public sector and is looking to purchase a large quantity of interactive screens for medical lecture rooms across a university campus. Mark expects this to cost in excess of £950,000 and suggests to his user group that a competitive tendering process should take place. Was this the right approach?

A. No, because the competitive tendering process will be time-consuming for the university
B. Yes, as all public sector procurement should go through a competitive tendering process
C. Yes, because the anticipated value requires a competitive tendering process to take place
D. No, competitive tendering should only be used when the value justifies the resources required

Answer: C

Explanation:
In the public sector, procurement activities exceeding certain financial thresholds are required to undergo competitive tendering processes. The anticipated expenditure of £950,000 surpasses the threshold that mandates a formal tendering procedure to ensure compliance with public procurement regulations, promote competition, and achieve value for money.
Exact Extract from Study Guide:
"Public sector procurement activities that exceed specified financial thresholds must follow formal competitive tendering procedures to ensure transparency and compliance with regulations."

NEW QUESTION # 293
Incoterms are designed to be understood and interpreted on a worldwide basis. What is the interpretation for FOB (Free on Board)?

A. The buyer takes responsibility for transferring the goods from the seller's premises to the ship, plus all subsequent costs
B. The buyer takes responsibility for taking the goods from the departure quayside to the ship, plus all subsequent costs
C. The buyer takes responsibility for the goods after they are loaded on the ship, plus all subsequent costs including freight charges
D. The buyer takes responsibility for the goods after they are loaded on the ship, plus subsequent costs excluding freight charges

Answer: C

Explanation:
Under theFOB (Free on Board)Incoterm, the seller is responsible for delivering the goods onto the vessel at the named port of shipment. Once the goods are on board, the risk and responsibility transfer to the buyer.
From that point onward, the buyer assumes all costs and risks associated with the transportation of the goods, including freight charges, insurance, unloading, and delivery to the final destination.
This interpretation aligns with the Incoterms 2020 rules set by the International Chamber of Commerce (ICC). It's crucial to note that FOB is applicable only for sea or inland waterway transport and is not suitable for containerized cargo, where theFCA (Free Carrier)term is more appropriate.
References:
Trade Finance Global: FOB (Free on Board) - Incoterms 2020 Rule
Maersk: FOB Incoterms meaning | Free on Board shipping

NEW QUESTION # 294
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