L4M4 Exam Questions - L4M4 Guide Torrent & L4M4 Test Torrent

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CIPS L4M4 Exam Syllabus Topics:

Section	Weight	Objectives
Understand key processes to analyse potential external suppliers	25%	- Market analysis and intelligence 1. Supplier capacity and capability assessment 2. Collecting and interpreting market data - Supplier appraisal and evaluation 1. Quality and performance standards 2. Financial stability and risk assessment 3. Technical and operational capability
Understand compliance issues when sourcing from suppliers	25%	- Legislative and regulatory requirements 1. Labour laws, human rights and anti-corruption 2. Environmental regulations and sustainability 3. Ethical standards and codes of conduct - Organisational policies and procedures 1. Code of ethics and professional conduct 2. Governance and accountability frameworks
Understand options for sourcing requirements from suppliers	25%	- Tendering and selection processes 1. Open, restricted and negotiated procedures 2. Award criteria and evaluation methods - Sourcing approaches and strategies 1. Domestic vs international sourcing 2. Single, multiple and sole sourcing 3. Insourcing, outsourcing and offshoring
Understand ethical and responsible sourcing principles and practices	25%	- Ethical frameworks and concepts 1. Conflict of interest and transparency 2. Fairness, integrity and accountability 3. CIPS Code of Ethics - Sustainable and responsible sourcing 1. Social, environmental and economic impact 2. Supplier development and collaboration 3. Audit, monitoring and improvement

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CIPS Ethical and Responsible Sourcing Sample Questions (Q117-Q122):

NEW QUESTION # 117
For what type of purchase would you use a Futures Exchange?

A. Capital Expenditure
B. Tail Spend
C. Commodity
D. High value, high risk

Answer: C

Explanation:
Futures exchanges are used to trade commodities. It's when a buyer and supplier agree a price and deal for something in the future. For example a carrot farmer may agree to sell his carrots to Gary in 3 months time when they're finished growing. It's used when the product / commodity isn't ready yet.
It's also used for hedging and other complex financial stuff- but you don't need to know that yet. Commodities and Future contracts are a big part of L5M4 to warn you though. Futures Contract Definition: Types, Mechanics, and Uses in Trading (investopedia.com)

NEW QUESTION # 118
Which award criteria can be applied when sourcing requirements from external suppliers?

A. Delivery promises of goods
B. Plans and manpower numbers
C. Price and total life-cycle costs
D. Understanding of supplier operations

Answer: C

Explanation:
Responsible award decisions should consider price and total life-cycle cost (TCO) to capture acquisition, operation, maintenance, and end-of-life costs, aligning with sustainability. Other items may inform due diligence but are not, by themselves, robust award criteria without being translated into measurable value and risk outcomes.
Reference: CIPS L4M4 Study Guide (v2): LO "Implementation" - evaluation and award; TCO and sustainability in criteria setting.

NEW QUESTION # 119
The procurement manager has received the following data from the supplier's accounts to facilitate the calculation of the supplier's current ratio:
Current Assets: Stock $200; Debtors $60; Cash $40; Total $300
Short Term Liabilities: Bank overdraft $150
Which calculation will the procurement manager use to find out the current ratio?

A. (300 ÷ 150) × 100
B. 300 ÷ 150
C. (300 - 200) ÷ 150
D. (300 - 200 - 150) × 100

Answer: B

Explanation:
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by dividing current assets by current liabilities. In this case:
Current Assets = $300
Current Liabilities = $150
Current Ratio = 300 ÷ 150 = 2.0
This indicates that the supplier has twice as many current assets as current liabilities, suggesting good short- term financial health.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 2.3: Financial Appraisal of Suppliers

NEW QUESTION # 120
Which of the following is an example of intracompany trading? Select TWO

A. a manufacturer in the UK buys raw copper from a supplier in Chile
B. cleverness
C. two departments within the same company collaborate on a project
D. two companies owned by the same entity conduct business
E. two companies join together to create a new product

Answer: C,D

Explanation:
Intracompany trading is when two departments in the same company do trading. AND when two companies owned by the same parent company do trading.
INTRA means 'within' - so it's doing business with yourself.

NEW QUESTION # 121
A buyer has been working with managers on a tender and is now assessing supplier proposals. Is it good practice for the procurement buyer to make sourcing recommendations?

A. No, the buyer's recommendations are not relevant; only managers decide
B. Yes, the procurement buyer should decide independently to avoid conflict of interest
C. Yes, the procurement buyer can advise on the proposals, but decisions should involve business managers
D. No, it is a lengthy and unnecessary step for the procurement buyer

Answer: C

Explanation:
Good governance in procurement requires collaboration. The buyer provides expertise in sourcing methods, evaluation, and compliance with procurement rules, but decisions should also involve business managers who understand operational needs. Acting independently could cause conflict and undermine accountability.
Conversely, leaving all decisions to managers risks bypassing procurement expertise. The best practice is for procurement to advise and recommend, while engaging stakeholders in final award decisions, ensuring transparency, fairness, and shared accountability. This balances compliance with ethical sourcing requirements and operational business needs.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - roles and responsibilities in procurement governance.

NEW QUESTION # 122
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