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| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Ethical and Responsible Sourcing |
| Exam Number: | L4M4 |
| Real Exam Qty: | 60 |
| Exam Price: | USD 230 - 280 |
| Certificate Validity Period: | 3 years |
| Available Languages: | Chinese, Arabic, English, Spanish, French |
| Exam Duration: | 90 minutes |
| Related Certifications: | L4M1 Scope and Influence of Procurement and Supply L4M3 Commercial Contracting L4M2 Defining Business Need L4M5 Commercial Negotiation L4M6 Supplier Relationships L4M7 Whole Life Asset Management L4M8 Procurement and Supply in Practice |
| Exam Format: | Objective Response, Multiple Choice, Scenario-based |
| Passing Score: | 70% |
| 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 |
The CIPS L4M4 certification exam is one of the hottest and career-oriented Ethical and Responsible Sourcing (L4M4) exams. With the Ethical and Responsible Sourcing (L4M4) exam you can validate your skills and upgrade your knowledge level. By doing this you can learn new in-demand skills and gain multiple career opportunities. To do this you just need to enroll in the CIPS L4M4 Certification Exam and put all your efforts to pass this important CIPS L4M4 Exam Questions. However, you should keep in mind that to get success in the Ethical and Responsible Sourcing (L4M4) exam is not an easy task.
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NEW QUESTION # 258
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?
Answer: C
Explanation:
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.
NEW QUESTION # 259
Which of the following are reasons to outsource part of a business to an external supplier? Select TWO.
Answer: B,C
Explanation:
Reasons to outsource include; 'overheads can be kept as effective as possible' and 'the reduction in the need to continually invest in new machinery'.
When you outsource, you transfer the costs of overheads to the supplier and it is their responsibility to buy new machinery as and when is required. For example if you outsource cleaning, the cleaning company is responsible for replacing the hoovers and floor cleaner The other two options would be reasons to keep something 'in-house'.
NEW QUESTION # 260
Which documents are used to allow the movement of goods?
* Export or import license
* Non-disclosure agreement
* Customs declaration
* Conflict of interest declaration
Answer: A
Explanation:
To facilitate the legal movement of goods across borders, specific documentation is required. An export or import license authorizes the shipment of goods to or from a particular country. A customs declaration provides details about the goods being transported, ensuring compliance with the importing country's regulations. Non-disclosure agreements and conflict of interest declarations are related to confidentiality and ethical considerations, not the physical movement of goods.
Exact Extract from Study Guide:
"Documents and systems that allow the movement of goods within the EU:
* T1 Documents
* Import/Export Licence
* Single Administrative Document
* New Computerised Transit System
* Customs Declaration Service"
NEW QUESTION # 261
A "carnet" provides evidence of the origin of goods shipped in international trade. Is this correct?
Answer: D
Explanation:
An ATA Carnet is an international customs document that allows temporary duty-free movement of goods for exhibitions, trade fairs, or professional use. It is not a certificate of origin, which proves where goods are manufactured, nor is it insurance. Carnets reduce administrative barriers and duties for temporary imports
/exports. Responsible sourcing requires buyers to understand the correct use of trade documents to ensure compliance and avoid penalties, while distinguishing between documents that confirm origin, provide insurance, or facilitate temporary movement.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - international trade documentation.
NEW QUESTION # 262
Which of the following should be considered when calculating ratios relating to a supplier's liquidity?
Answer: D
NEW QUESTION # 263
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