L4M4 Valid Exam Notes, Valid L4M4 Test Answers

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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:

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100% Pass CIPS - L4M4 - Ethical and Responsible Sourcing –Valid Valid Exam Notes

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CIPS Ethical and Responsible Sourcing Sample Questions (Q63-Q68):

NEW QUESTION # 63
When would a procurement professional use the Pareto principle?

A. when appraising a supplier
B. when considering changing a supplier
C. when looking at whole-life-cycle costs
D. when conducting a value analysis

Answer: B

Explanation:
The Pareto Principle can be used when considering changing a supplier. It helps to categories suppliers by how strategically important the item is that they provide to the business.

NEW QUESTION # 64
"Phishing" occurs when an employee receives a false email that appears genuine, exposing the organisation to cybercrime. Which crime category does this fall under?

A. Corruption
B. Bribery
C. Human rights
D. Fraud

Answer: D

Explanation:
Phishing is a form of fraud, where deception is used to gain financial advantage or access to sensitive data. It is not corruption (misuse of power), bribery (offering inducements), or a human rights issue. Procurement professionals must be alert to fraud risks in supply chains, including cyber-enabled risks such as phishing and invoice fraud. Responsible sourcing extends to protecting organisational data and finances against such attacks, often through robust controls, training, and supplier verification procedures.
Reference: CIPS L4M4 Study Guide (v2), LO: "Concepts" - fraud, corruption, and ethical risks in supply chains.

NEW QUESTION # 65
Ali is the Category Manager at an airplane manufacturing factory. He works with many different suppliers who provide different components for the planes. The company is investing heavily in Environmental and Social Governance and Ali has been asked by the CEO what the best practice is to ensure ethical behaviour from suppliers. Ali has suggested completing Audits. Is this the right thing to do?

A. Yes- audits always uncover ethical violations such as modern day slavery
B. No- Ali should simply ask the supplier's about their ethical practices
C. No- audits will only reveal financial issues not ethical ones
D. yes - these can be completed without warning which would give Ali an accurate picture of the supplier's operations

Answer: D

Explanation:
The correct answer is 'yes - these can be completed without warning which would give Ali an accurate picture of the supplier's operations'. The other options are incorrect:
1) you can do many types of audit- financial, ethical, Health and Safety etc
2) asking a supplier about their ethical practices isn't likely going to get you accurate information. They'll just tell you what they think you want to hear
3) audits are great- but they don't ALWAYS uncover issues. Always is the key word in that sentence which makes it incorrect.

NEW QUESTION # 66
The use of a full competitive tendering process, especially by a public authority, can prevent the quick selection of a preferred supplier where the buyer's need is urgent. Is this statement correct?

A. Yes, the aim of such a process is to prevent quick decisions as these are always incorrect
B. No, this type of process is the quickest way for any organisation to award a contract
C. Yes, there should be no formal preferred supplier in a competitive tender
D. No, it is always possible to negotiate with a preferred supplier

Answer: C

Explanation:
In a full competitive tendering process, particularly in the public sector, buyers must not pre-select or favour a supplier. The process is designed to ensurefairness, transparency, and equal treatment, even though this can limit speed in urgent situations. While this may delay rapid supplier selection, it protects against bias and misuse of public funds. The objective is not to prevent quick decisions altogether, but to preventunfair or non-compliant decisions. Ethical and responsible sourcing requires adherence to due process, especially where public accountability is involved.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - public sector procurement; competitive tendering principles.

NEW QUESTION # 67
Greg is doing some research on a potential supplier and is concerned that the supplier's funding is based on long-term debts and loans. Working with this supplier therefore might bring additional risks to Greg's business. What should Greg do about his concerns?

A. do an Acid Test
B. work out the supplier's gearing ratio
C. use the Return on Investment Ratio
D. work out the supplier's EBITDA

Answer: B

Explanation:
Greg needs to use a gearing ratio. Gearing is a measure of how the business is being funded and is based on the ratio of debt to equity Gearing comes up a lot in the exam. Also make sure you know what Return on Investment, Acid Test and EBITDA are.
Return on Investment (ROI): How to Calculate It and What It Means (investopedia.com) EBITDA: Definition, Calculation Formulas, History, and Criticisms (investopedia.com) Acid-Test Ratio: Definition, Formula, and Example (investopedia.com)

NEW QUESTION # 68
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