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| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Ethical and Responsible Sourcing |
| Exam Number: | L4M4 |
| Certificate Validity Period: | 3 years |
| Related Certifications: | L4M8 Procurement and Supply in Practice L4M7 Whole Life Asset Management L4M6 Supplier Relationships L4M1 Scope and Influence of Procurement and Supply L4M3 Commercial Contracting L4M2 Defining Business Need L4M5 Commercial Negotiation |
| Exam Format: | Multiple Choice, Scenario-based, Objective Response |
| Real Exam Qty: | 60 |
| Exam Duration: | 90 minutes |
| Exam Price: | USD 230 - 280 |
| Available Languages: | Arabic, English, Chinese, French, Spanish |
| Passing Score: | 70% |
| Recommended Training: | CIPS Approved Training Providers CIPS Official Study Guide & Learning Materials |
| 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 |
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NEW QUESTION # 89
Polygon Incorporated is a new company in the mining industry, which often gets bad press due to issues of sustainability. Which of the following should Polygon Incorporated consider when developing sustainable business practices?
Answer: B
Explanation:
The three pillars of sustainability are profit, people and planet. This may also be referred to as social, economic and environmental.
NEW QUESTION # 90
Which of the following items would you expect to find on a balance sheet? Select THREE
Answer: B,C,D
Explanation:
current assets, current liabilities and equity can be found on a balance sheet. Net and gross sales will be found on a profit and loss account.
NEW QUESTION # 91
Which of the following payment mechanisms is most beneficial to the supplier?
Answer: D
Explanation:
cash in advance is the most beneficial to a supplier.
Open account /credit account is the most beneficial to the buyer. Learn this as it's a known exam topic.
NEW QUESTION # 92
The Universal Declaration of Human Rights means that member states cannot restrict their citizens of any of the rights listed. Which of the following rights may apply to employees who make a complaint about unfair pay and conditions that are not comparable to others in the company?
Answer: B
Explanation:
The Universal Declaration of Human Rights (UDHR) Article 23(2) states that "Everyone, without any discrimination, has the right to equal pay for equal work." This underscores the principle of equality in the workplace, ensuring that employees are treated equally regarding pay and conditions. Therefore, employees raising concerns about unfair pay compared to their colleagues are exercising their right to be treated equally.
Reference:
Universal Declaration of Human Rights, Article 23(2):
NEW QUESTION # 93
Which models would be appropriate for analysis of the supply market?
* Porter's Five Forces
* Porter's Value Chain
* STEEPLED
* Ishikawa Fishbone
Answer: A
Explanation:
Supply market analysis involves identifying competitive pressures and external influences. Porter's Five Forces assesses supplier power, buyer power, threat of substitutes, new entrants, and rivalry - directly relevant to market dynamics. STEEPLED analysis considers external macro-environmental factors (social, technological, economic, environmental, political, legal, ethical, demographic). By contrast, Porter's Value Chain analyses internal activities of a single organisation, while the Ishikawa diagram is a root-cause tool for problem-solving, not market analysis. Using the correct tools ensures sourcing decisions account for risks and opportunities at both industry and macro levels.
Reference: CIPS L4M4 Study Guide (v2), LO: "Concepts" - market analysis tools, external environment scanning.
NEW QUESTION # 94
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