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| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Ethical and Responsible Sourcing |
| Exam Number: | L4M4 |
| Passing Score: | 70% |
| Available Languages: | French, Spanish, Chinese, English, Arabic |
| Exam Format: | Objective Response, Scenario-based, Multiple Choice |
| Real Exam Qty: | 60 |
| Related Certifications: | L4M8 Procurement and Supply in Practice L4M5 Commercial Negotiation L4M7 Whole Life Asset Management L4M6 Supplier Relationships L4M1 Scope and Influence of Procurement and Supply L4M3 Commercial Contracting L4M2 Defining Business Need |
| Certificate Validity Period: | 3 years |
| Exam Price: | USD 230 - 280 |
| Exam Duration: | 90 minutes |
| Recommended Training: | CIPS Official Study Guide & Learning Materials CIPS Approved Training Providers |
| Exam Registration: | CIPS Official Registration |
| Sample Questions: | CIPS L4M4 Sample Questions |
| Exam Way: | Computer-based online or on-site at authorized test centers |
| Pre Condition: | No formal prerequisites; suitable for professionals with 1–2 years of procurement experience or relevant education |
| Official Syllabus URL: | https://www.cips.org/qualifications/diploma-in-procurement-supply/ethical-and-responsible-sourcing |
ITDumpsKR사이트에서 제공해드리는 CIPS L4M4덤프는 실러버스의 갱신에 따라 업데이트되기에 고객님께서 구매한CIPS L4M4덤프가 시중에서 가장 최신버전임을 장담해드립니다. CIPS L4M4덤프의 문제와 답을 모두 기억하시면CIPS L4M4시험에서 한방에 패스할수 있습니다.시험에서 불합격 받으시면 결제를 취소해드립니다.
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질문 # 27
A buyer is procuring metals. The following trends are observed:
* January and April: supplier's local currency is strong
* November: demand is lowest
* May: demand is highest
Which month should the buyer place the order?
정답：C
설명：
Demand and currency fluctuations affect commodity pricing. November shows lowest demand, which usually reduces price pressure. Conversely, May (high demand) and months with strong supplier currencies (January, April) would increase costs. By ordering in November, the buyer leverages demand cycles to obtain lower prices. Responsible sourcing requires buyers to monitor market intelligence and seasonal trends to time purchases effectively, mitigating risks of price volatility while ensuring supply continuity. This reflects CIPS' s emphasis on category management and proactive procurement planning.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - demand cycles, timing of orders, commodity sourcing.
질문 # 28
Commodities can be traded on a stock exchange and are generally divided into one of four categories. Which of the following is not one of these four categories?
정답：B
설명：
Plastic is not a commodity. A commodity is something that is naturally occurring and plastic is manufactured.
The other category of commodity is agriculture.
질문 # 29
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?
정답：C
설명：
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.
질문 # 30
Which of the following is not a Human Rights as protected by the UN Declaration on Human Rights?
정답：A
설명：
the right to change nationality is not included in the UN Declaration of Human Rights. There are 30 in total but you're not expected to know them all. You should know the big ones though which are; life, security, belief, equal treatment, free speech and expression. A summary can be found here: Universal Declaration of Human Rights | United Nations
질문 # 31
Ramesh is a procurement manager who is looking at his supplier base. He is pursuing a sourcing strategy with the aim of enabling logistical cost reductions. He has made the decision to scale-down his supplier base and purchase from one supplier.
Which type of sourcing arrangement has Ramesh began?
정답：C
질문 # 32
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