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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 the key processes that can be applied to the analysis of potential external suppliers:
Topic 4	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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CIPS Ethical and Responsible Sourcing Sample Questions (Q272-Q277):

NEW QUESTION # 272
What would an EBITDA ratio show you?

A. how profitable a business is
B. how much of a business's funding is made up of long term debt
C. how solvent a business is
D. how effectively a business uses its assets to generate sales

Answer: A

Explanation:
EBITDA stands for 'earnings before interest, tax, depreciation and amortization'. This is a profitability ratio and would show how profitable a business is.
EBITDA: Definition, Calculation Formulas, History, and Criticisms (investopedia.com)

NEW QUESTION # 273
A procurement manager for a major retail group is using ratio analysis to assess the financial viability of suppliers who have tendered for a logistics services tender. The recommended supplier has a current ratio of
0.6. What are the potential consequences of awarding the contract to this supplier, given their current ratio is below 1?

A. The results of the current ratio do not mean anything as long as the supplier has proven technical merit
B. The supplier will be unable to pay its short-term liabilities using current assets
C. The supplier will be unable to cover long-term liabilities from revenues
D. The supplier will have cash reserves to cover unexpected expenses

Answer: B

Explanation:
A current ratio below 1 suggests that the supplier may not have sufficient current assets to cover short-term liabilities, which could pose a risk to the buyer. Assessing financial stability aligns with responsible sourcing practices, as it ensures suppliers can fulfill contracts without disruption.

NEW QUESTION # 274
What are the two main financial accounting statements of an organisation that show the values of assets and liabilities, and the profit earned in the period?

A. Cash flow statement (statement of cash flow) and profit and loss statement (statement of financial performance)
B. Cash flow statement (statement of cash flow) and balance sheet (statement of financial position)
C. Balance sheet (statement of financial position) and profit and loss account (statement of financial performance)
D. Profit and loss account (statement of financial performance) and chairman's statement (in the annual report)

Answer: C

Explanation:
The balance sheet and profit and loss account provide a comprehensive view of an organisation's financial health, showing assets, liabilities, and profits. These statements are essential in evaluating a supplier's financial capacity, aligning with responsible sourcing practices for financial stability.

NEW QUESTION # 275
A company has a low gearing of 20%. This shows that the company relies on equity capital and should therefore have less difficulty coping during tough economic times. Is this statement TRUE?

A. No- a low gearing suggests that the company is financed by long-term debt rather than equity
B. Yes- a low gearing ratio means the company's finances are made up of equity rather than debt
C. Yes- a low gearing ratio shows that the business is solvent and can deal with supply chain disruptions easily
D. No- a low gearing shows you that a company isn't likely to be profitable

Answer: B

Explanation:
the correct answer is 'Yes- a low gearing ratio means the company's finances are made up of equity rather than debt'.
Remember low gearing = good (based on equity), high gearing = bad (based on debt). Anything over 50% is considered high.
The two no answers are therefore incorrect and you can discount these straight away. The other yes answer is one of those answers which COULD be true, but isn't always true, and we'd need more information to know for sure. When you get options like this there will be one that is always right and one which is sometimes right - so always pick the always right one.
Dealing with supply chain disruptions is complex, and depending what the disruption is, how big it is, what the industry is etc determines whether a supplier can handle it or not. Because there's more factors to consider than just gearing, this isn't the right answer.

NEW QUESTION # 276
Jack Green is using an open tender to source a new component for a product. What must be considered if using an open tender?

A. The tender will only be advertised in marketing journals
B. There must be an adequate number of suppliers in the market
C. Bidders must be pre-qualified prior to invitation
D. Price will be the only selection criterion

Answer: B

Explanation:
An open tender is advertised publicly and open to all interested suppliers. For it to be effective, there must be a sufficient supplier market (A) to justify competition. If supplier numbers are too low, restricted or negotiated procedures may be more appropriate. Pre-qualification applies to restricted tenders, not open ones.
Price-only evaluation breaches responsible sourcing principles, which require balanced criteria. Responsible sourcing highlights that open tendering ensures transparency and fairness but must be used appropriately depending on market conditions.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - tendering methods and considerations.

NEW QUESTION # 277
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