L4M4 Exam Quiz | L4M4 Examcollection Questions Answers

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CIPS L4M4 Exam Overview:

Certification Vendor:	CIPS (Chartered Institute of Procurement & Supply)
Exam Name:	Ethical and Responsible Sourcing
Exam Number:	L4M4
Available Languages:	English
Exam Price:	Varies by region and assessment center (typically ~£70–£120 per module)
Exam Duration:	120 minutes
Real Exam Qty:	Approximately 60 questions
Exam Format:	Scenario-based questions, Multiple choice questions, Computer-based exam
Certificate Validity Period:	No fixed expiry (qualification remains valid once achieved)
Related Certifications:	CIPS Level 4 Diploma in Procurement and Supply
Passing Score:	50%
Recommended Training:	CIPS Official Learning Resources CIPS Study Hub
Exam Registration:	CIPS Exams and Assessment Information CIPS Official Qualifications Page
Sample Questions:	CIPS L4M4 Sample Questions
Exam Way:	Computer-based examination delivered via authorized test centers (e.g., Pearson VUE) and/or remote proctored options depending on region.
Pre Condition:	No formal prerequisites, but typically taken as part of CIPS Level 4 Diploma progression. Level 3 Diploma knowledge is recommended.
Official Syllabus URL:	https://www.cips.org

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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
Topic 1	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
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 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 4	Understand the key processes that can be applied to the analysis of potential external suppliers:

CIPS Ethical and Responsible Sourcing Sample Questions (Q46-Q51):

NEW QUESTION # 46
Which of the following are key areas of regulations governing responsible procurement and supply?

A. Company culture, product branding, and staff uniforms
B. Competitive pricing, unsecured loans, and threats of new entrants
C. Ethical practice, data protection, and marketplace competition
D. Digitisation, artificial intelligence, and innovations

Answer: C

Explanation:
Regulatory frameworks that affect procurement focus on ethical practice (anti-bribery, modern slavery, human rights), data protection (GDPR and similar), and competition law (to prevent collusion and monopolistic practices). While digitisation and innovation are important trends, they are not regulatory requirements. Similarly, culture, branding, and uniforms are internal matters, not regulatory areas.
Responsible sourcing requires procurement professionals to ensure compliance with these regulations to protect stakeholders, maintain fairness, and safeguard organisational reputation.
Reference: CIPS L4M4 Study Guide (v2), LO: "Concepts" - legal and regulatory environment of ethical sourcing.

NEW QUESTION # 47
FTSE100 and Sensex are examples of what?

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

Answer: C

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

NEW QUESTION # 48
A procurement manager who works in the public sector has received 8 submissions to a tender op-port unity that was advertised on OJEU. The average price submission for the contract was £1m but one supplier has submitted a price of £200,000, which the procurement manager has identified as being 'an abnormally low tender'. What should be the procurement manager's course of action?

A. award the contract to the low bid as this represents better value for money
B. investigate the low bid
C. automatically dismiss the low bid
D. award the bid a 0 for price

Answer: B

Explanation:
You should investigate automatically low tenders by clarifying the bid with the supplier. It could be they have misunderstood the requirement. Or the bid could be genuine and they can really provide best value for money.
But without enquiring, you just don't know.

NEW QUESTION # 49
Private sector procurement organisations should always allow suppliers at least 35 days to respond to invitations to tender. Is this statement true?

A. Yes, because that timeframe is internationally recognised as being appropriate
B. Yes, because it helps suppliers to plan and prioritise their work
C. No, because the complexity of the tender should inform the response timescale
D. No, because this timeframe will cause delays that are unacceptable to stakeholders

Answer: C

Explanation:
Response times should be tailored to the complexity of the tender. Responsible sourcing encourages flexibility in setting realistic timelines that allow suppliers adequate time to prepare, supporting efficient and effective sourcing without unnecessary delays.

NEW QUESTION # 50
Achieving the 'five rights of procurement' is one of the key objectives of procurement managers. Which of the following are not considered one of the 5 rights? Select TWO.

A. quality
B. time
C. quantity
D. ethics
E. environment

Answer: D,E

Explanation:
ethics and environment are not a 'right of procurement'.
The 5 rights are price, quality, quantity, time and place.

NEW QUESTION # 51
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