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CIPS L4M4 Exam Overview:

Certification Vendor:	CIPS
Exam Name:	Ethical and Responsible Sourcing
Exam Number:	L4M4
Exam Price:	$185.69
Real Exam Qty:	60
Exam Duration:	90 minutes
Available Languages:	English
Certificate Validity Period:	N/A
Related Certifications:	CIPS Level 4 Diploma in Procurement and Supply
Passing Score:	70%
Exam Format:	Multiple Selection Questions, Multiple Choice Questions (MCQ)
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 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	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 4	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.

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

NEW QUESTION # 46
Why is it important, when awarding high-value contracts, for a buyer to conduct a financial assessment of a supplier?

A. Financial assessments provide a holistic view of a company's capability including quality and delivery performance
B. If a supplier has a high credit score this means it pays its own suppliers late which could result in stock outs
C. A supplier who is highly profitable will be charging prices higher than the average market rate
D. The buyer must ensure continuity of supply because financial problems of a supplier could affect the supply

Answer: D

Explanation:
Financial stability is a critical risk factor in high-value contracts. If a supplier collapses financially during contract performance, the buying organisation faces supply disruption, increased costs, and reputational risk.
Financial assessments help identify vulnerabilities such as high debt, poor liquidity, or over-reliance on limited customers. While profitability, credit scores, and broader capability assessments are useful, the most pressing concern is ensuring continuity of supply. Ethical and responsible sourcing requires buyers to consider the long-term viability of suppliers, not just short-term savings. This aligns with responsible practice, protecting stakeholders, end customers, and the organisation's own obligations.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implications" - supplier financial health, continuity of supply.

NEW QUESTION # 47
Which of the following areas of legislative and regulatory requirements prevent the deliberate limit-ing of supply and the formation of cartels?

A. product safety standards
B. data protection
C. marketplace competition
D. ethical practice

Answer: A

Explanation:
the correct answer is 'marketplace competition'.
Ethical practice is about prohibiting corrupt and unfair practice, rather than issues of supply and demand.
Although being in a cartel is 'unethical behavior' this option doesn't fully answer the question which talks about limiting supply- this is related to marketplace competition.

NEW QUESTION # 48
A supplier operates in a monopolistic market where the threat of entry is low. The product that they offer is key in manufacturing certain types of submarines and there is no known substitute for the product at present.
What type of sourcing relationship is a buyer likely to have with this supplier?

A. multiple sourced
B. dual sourced
C. sole sourced
D. single sourced

Answer: C

NEW QUESTION # 49
The procurement team received an urgent request from the business to source quotations forpest control services. The team decided to use a local newspaper to advertise the requirements. Was this an appropriate approach to use in the circumstance?

A. No, because they might receive too many irrelevant proposals which may delay the assessing process
B. No, because international vendors must also be notified of the opportunity
C. Yes, so that the local pest control sector can decide between them who should bid
D. Yes, they must seek as many bids as possible even if it takes longer

Answer: A

Explanation:
Advertising in a local newspaper for urgent services like pest control may not be the most efficient approach.
It can lead to an overwhelming number of responses, many of which may not meet the specific requirements, thereby delaying the evaluation process. For urgent needs, direct sourcing from pre-qualified suppliers or using existing frameworks is often more effective.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 2.2: Tendering Procedures

NEW QUESTION # 50
If a company is described as 'liquid' what does this mean?

A. the company spends a lot of money
B. the company has enough money to pay short-term liabilities
C. the company is highly profitable
D. the company is funded on equity rather than debt

Answer: B

Explanation:
liquid = the ability to pay short and medium term debts. In simple terms do you have more in stuff (money, assets) than you owe in debt?
Understanding Liquidity and How to Measure It (investopedia.com)
This is a hot topic for the exam. Learn everything in this section.

NEW QUESTION # 51
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