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CIPS L4M4 Exam Overview:

Certification Vendor:	CIPS (Chartered Institute of Procurement & Supply)
Exam Name:	Ethical and Responsible Sourcing
Exam Number:	L4M4
Exam Format:	Multiple choice questions, Scenario-based questions, Computer-based exam
Passing Score:	50%
Real Exam Qty:	Approximately 60 questions
Related Certifications:	CIPS Level 4 Diploma in Procurement and Supply
Exam Duration:	120 minutes
Available Languages:	English
Certificate Validity Period:	No fixed expiry (qualification remains valid once achieved)
Exam Price:	Varies by region and assessment center (typically ~£70–£120 per module)
Recommended Training:	CIPS Official Learning Resources CIPS Study Hub
Exam Registration:	CIPS Official Qualifications Page CIPS Exams and Assessment Information
Sample Questions:	CIPS L4M4 Sample Questions
Exam Way:	Computer-based examination delivered via authorized test centers (e.g., Pearson VUE) and/or remote proctored options depending on region.
Pre Condition:	No formal prerequisites, but typically taken as part of CIPS Level 4 Diploma progression. Level 3 Diploma knowledge is recommended.
Official Syllabus URL:	https://www.cips.org

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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
Topic 1	Understand the key processes that can be applied to the analysis of potential external suppliers:
Topic 2	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
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 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.

CIPS Ethical and Responsible Sourcing Sample Questions (Q192-Q197):

NEW QUESTION # 192
Incoterms are designed to be understood and interpreted on a worldwide basis. What is the interpretation for FOB (Free on Board)?

A. The buyer takes responsibility for transferring the goods from the seller's premises to the ship, plus all subsequent costs
B. The buyer takes responsibility for taking the goods from the departure quayside to the ship, plus all subsequent costs
C. The buyer takes responsibility for the goods after they are loaded on the ship, plus subsequent costs, excluding freight charges
D. The buyer takes responsibility for the goods after they are loaded on the ship, plus all subsequent costs, including freight charges

Answer: D

Explanation:
Under FOB (Free on Board), the buyer assumes responsibility once the goods are loaded onto the ship, including costs and risks beyond this point. This Incoterm is commonly used in international trade, helping both parties clarify responsibilities and promote fair risk distribution.

NEW QUESTION # 193
One of the typical selection criteria applied in determining the right supplier is 'technical capabilities', which might include ...

A. The supplier's ability to produce all required quantities and maintain contingency stocks
B. The supplier's financial ratios, revealing that they are very highly geared
C. The supplier's brand name is highly reputed for being associated with the Ethical Trading Initiative
D. The supplier's ability to keep its plant and machinery in a high state of repair and maintenance

Answer: A

Explanation:
Technical capability focuses on the capacity to meet specification, volume, and reliability (including contingency). While maintenance is relevant, the clearest indicator among these options is the proven ability to deliver required quantities and hold contingency stock. Financial gearing and reputational associations are separate selection dimensions (financial/ethical).
Reference: CIPS L4M4 Study Guide (v2): LO "Implementation" - supplier selection criteria (technical capability, capacity, quality, ethical credentials).

NEW QUESTION # 194
Incoterms are designed to be understood and interpreted on a worldwide basis. What is the interpretation for FOB (Free on Board)?

A. The buyer takes responsibility for the goods after they are loaded on the ship, plus all subsequent costs including freight charges
B. The buyer takes responsibility for transferring the goods from the seller's premises to the ship, plus all subsequent costs
C. The buyer takes responsibility for taking the goods from the departure quayside to the ship, plus all subsequent costs
D. The buyer takes responsibility for the goods after they are loaded on the ship, plus subsequent costs excluding freight charges

Answer: A

Explanation:
Under theFOB (Free on Board)Incoterm, the seller is responsible for delivering the goods onto the vessel at the named port of shipment. Once the goods are on board, the risk and responsibility transfer to the buyer.
From that point onward, the buyer assumes all costs and risks associated with the transportation of the goods, including freight charges, insurance, unloading, and delivery to the final destination.
This interpretation aligns with the Incoterms 2020 rules set by the International Chamber of Commerce (ICC). It's crucial to note that FOB is applicable only for sea or inland waterway transport and is not suitable for containerized cargo, where theFCA (Free Carrier)term is more appropriate.
References:
Trade Finance Global: FOB (Free on Board) - Incoterms 2020 Rule
Maersk: FOB Incoterms meaning | Free on Board shipping

NEW QUESTION # 195
If a company is described as 'liquid' what does this mean?

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

Answer: C

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 # 196
Which of the following should be assessed in supplier proposals to check compliance with environmental, social, and governance (ESG) standards? Select THREE that apply.

A. The company's employee working conditions
B. The financial stability of the company
C. The company's policy on carbon emissions
D. The company's code of ethics
E. The company's criteria for make or buy decisions
F. Procedures on intra-company trading

Answer: A,C,D

Explanation:
Employee working conditions, a code of ethics, and a carbon emissions policy are all indicative of a supplier's commitment to ESG standards. Assessing these factors aligns with responsible sourcing practices, which prioritize sustainability and ethical considerations.

NEW QUESTION # 197
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