Ethical and Responsible Sourcing actual test pdf, L4M4 actual test latest version

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CIPS L4M4 Exam Syllabus Topics:

Section	Objectives
Understand compliance issues when sourcing from suppliers	- Regulatory and legal compliance - Modern slavery and human rights in supply chains - Ethical sourcing and corporate social responsibility (CSR) - Global sourcing considerations and Incoterms - Codes of conduct and ethical standards - Sustainability and environmental considerations - Anti-bribery and anti-corruption measures
Understand options for sourcing of requirements from suppliers	- Factors influencing sourcing decisions - Single, dual and multiple sourcing - Sourcing strategies and approaches - Insourcing vs outsourcing decisions
Understand the key processes that can be applied to the analysis of potential external suppliers	- Supplier audits and due diligence - Use of Request for Information (RFI), Request for Proposal (RFP) and Request for Quotation (RFQ) - Risk assessment in supplier selection - Supplier appraisal and evaluation methods - Financial analysis of suppliers

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CIPS Ethical and Responsible Sourcing Sample Questions (Q84-Q89):

NEW QUESTION # 84
When conducting a competitive tender, is it appropriate to use a supplier's credit rating as a criteria for pre-section?

A. yes- because a low rating would indicate the supplier is financially unstable
B. yes- because a low rating would have a negative impact on the company's reputation
C. no- because a low rating would not affect the quality of the products supplied
D. no- because a low credit rating would have a negative impact on the supply chain

Answer: A

Explanation:
The correct answer is 'yes- because a low credit rating would indicate the supplier is financially un-stable'.
The two options beginning with no should automatically be discounted. The other option is incor-rect because credit ratings are private and would therefore not affect reputation.

NEW QUESTION # 85
Which of the following Incoterms has the lowest risk for the supplier?

A. ex works
B. delivered duty paid
C. free on board
D. delivered at terminal

Answer: A

Explanation:
Ex-Works has the lowest risk to the supplier- in Exworks the buyer collects the items directly from the supplier - so they have all the issues and risks of transporting it back home.
There are many question on Incoterms CIPS can ask. But as there's such a huge bank of questions it's really hit or miss if you'll get one of those question. Two students sitting the exam at the same time in the same study centre can get different question sets. One person can get 3 Incoterm questions and the other gets 0.
I would learn the major ones- the ones at the ends of the table in particular because these are the ones question are likely to be about. Ex works / Free carrier and Delivered at Place Unloaded/ De-livered Duty Paid in particular.
I like this graph as I'm a visual person. I think it makes it easier to understand than the study guide:
Shipping Incoterms: the Complete Guide - Guided Imports

NEW QUESTION # 86
A procurement manager has a new contract to award. There are twelve suppliers in the market. Which of the following is a benefit of using a full competitive tendering process?

A. All bidders will be treated equally
B. All suppliers will know how much the others have bid
C. Only the procurement manager can decide who wins
D. It is a quick and informal process

Answer: A

Explanation:
A full competitive tender ensures fairness, transparency, and equal treatment of all suppliers. Each bidder has an equal opportunity to compete, and award decisions are based on pre-published criteria. This builds trust, prevents corruption, and strengthens market confidence. It is not quick or informal (A), nor does it disclose competitor bids (B). Decision-making is collective and accountable, not unilateral (D). Responsible sourcing stresses fairness and transparency in supplier engagement, ensuring a level playing field and compliance with ethical procurement standards.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - tendering principles and fairness.

NEW QUESTION # 87
When might a company send a Request for Information (RFI) to a supplier instead of a Request for Quotation (RFQ)? Select TWO that apply:

A. To negotiate the payment terms detailed in the terms and conditions of sale
B. To obtain indicative prices that could be offered for a range of required products
C. To ask for the details of the product or the range of services that the supplier has to offer
D. To establish the details of environmental and quality certificates that the supplier may have
E. To determine whether the supplier is able to fulfill a purchase order that has already been placed

Answer: B,C,D,E

Explanation:
A Request for Information (RFI) is utilized during the early stages of the procurement process to gather general information about potential suppliers' capabilities, products, or services. It helps in understanding the market and narrowing down supplier options before moving to more detailed requests like RFQs or RFPs.
* Option B:Obtaining indicative prices helps in budgeting and understanding market rates.
* Option C:Gathering details about products or services allows the buyer to assess the supplier's offerings and suitability.
Options A, D, and E are more appropriate for later stages in the procurement process, such as during RFQs or contract negotiations.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 2.1: Sourcing and Contracting Process

NEW QUESTION # 88
What is a risk of pre-warning a supplier that you will conduct an audit of their facilities?

A. they will not achieve KPIs
B. they will not be able to make that time and date
C. they will not perform regular duties that day
D. they may coach staff in what to say

Answer: D

Explanation:
A risk of pre-planning an audit is the supplier has time to prepare for it. It's a good thing in that they can get their paperwork in order but the downside is they can overprepare so you don't get a realis-tic representation of what they're doing. One way they can do this is coaching staff in what to say to the auditors.

NEW QUESTION # 89
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