100% Pass Quiz 2026 L4M4: Authoritative Ethical and Responsible Sourcing Valid Exam Sims

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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
Passing Score:50%
Exam Duration:120 minutes
Available Languages:English
Exam Format:Scenario-based questions, Multiple choice questions, Computer-based exam
Certificate Validity Period:No fixed expiry (qualification remains valid once achieved)
Related Certifications:CIPS Level 4 Diploma in Procurement and Supply
Real Exam Qty:Approximately 60 questions
Exam Price:Varies by region and assessment center (typically ~ยฃ70โ€“ยฃ120 per module)
Recommended Training:CIPS Study Hub
CIPS Official Learning Resources
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:

TopicDetails
Topic 1
  • 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 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 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.
Topic 4
  • Understand the key processes that can be applied to the analysis of potential external suppliers:

CIPS Ethical and Responsible Sourcing Sample Questions (Q46-Q51):

NEW QUESTION # 46
In order to assess whether a company is able to meet its current liabilities, which financial ratio should you use?

Answer: C

Explanation:
"Meet current liabilities" is a posh way of saying "can you pay your bills". You're therefore looking for a liquidity ratio- a ratio that looks at assets vs liabilities (i.e. money in the bank vs money owed out). The Acid Test is a liquidity ratio. It's sometimes called the 'quick ratio'. Both terms come up on the exam. The other options are financial ratios but aren't for liquidity.


NEW QUESTION # 47
A company has a requirement for an item that has been identified as strategic on the positioning model. The company needs to invite competitive tenders and make sure the selected supplier of this item is in a good financial position. What should the company ask the suppliers to send to show that their current assets cover their current liabilities?

Answer: C

Explanation:
The acid test, also known as the quick ratio, measures a company's ability to cover its current liabilities with its most liquid assets, excluding inventory. It is a stringent indicator of short-term financial health. By requesting this ratio, the company can assess whether a potential supplier has sufficient liquidity to meet its obligations, which is crucial when procuring strategic items.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 2.3: Financial Appraisal of Suppliers


NEW QUESTION # 48
In which circumstances would it be relevant to apply the Pareto principle (80/20 rule) to supplier expenditure analysis? (Select TWO)

Answer: A,C

Explanation:
The Pareto principle (80/20) shows that around 80% of spend is often concentrated with 20% of suppliers. It is relevant for identifying strategic suppliers (D) that require close management and opportunities to improve or change relationships (E) for greater value. Contract expiry dates (B) and payment frequency (A) are administrative details, not Pareto analysis outputs. Cost variation (C) relates to performance analysis, not spend concentration. Responsible sourcing uses Pareto analysis to allocate resources effectively, focusing attention on the most impactful supplier relationships.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - spend analysis and supplier relationship management.


NEW QUESTION # 49
Which of the following is not a Human Rights as protected by the UN Declaration on Human Rights?

Answer: B

Explanation:
the right to change nationality is not included in the UN Declaration of Human Rights. There are 30 in total but you're not expected to know them all. You should know the big ones though which are; life, security, belief, equal treatment, free speech and expression. A summary can be found here: Universal Declaration of Human Rights | United Nations


NEW QUESTION # 50
A supplier operates in a monopolistic market where the threat of entry is low. The product that they offer is key in manufacturing certain types of submarines and there is no known substitute for the product at present.
What type of sourcing relationship is a buyer likely to have with this supplier?

Answer: C

Explanation:
This is sole sourcing as there is only one supplier in the marketplace.
Be careful not to confuse single sourcing and sole sourcing. Single sourcing is when a buyer chooses to work with only one supplier (usually to achieve economies of scale), sole sourcing, on the other hand, is when the buyer doesn't have a choice- they work with one supplier because there is only one supplier in the market.
Types of sourcing is a key concept for this exam.


NEW QUESTION # 51
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