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CIPS L4M4 Exam Overview:

Certification Vendor:	CIPS
Exam Name:	Ethical and Responsible Sourcing
Exam Number:	L4M4
Exam Price:	$185.69
Real Exam Qty:	60
Exam Format:	Multiple Choice Questions (MCQ), Multiple Selection Questions
Exam Duration:	90 minutes
Related Certifications:	CIPS Level 4 Diploma in Procurement and Supply
Certificate Validity Period:	N/A
Passing Score:	70%
Available Languages:	English
Sample Questions:	CIPS L4M4 Sample Questions
Exam Way:	Computer-based exam at CIPS accredited exam centre
Pre Condition:	No mandatory pre-requisites, but candidates are typically working towards or enrolled in the CIPS Level 4 Diploma in Procurement and Supply.
Official Syllabus URL:	https://www.cips.org/students/level-4-diploma

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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
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 the key processes that can be applied to the analysis of potential external suppliers:
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 (Q12-Q17):

NEW QUESTION # 12
Which award criteria can be applied when sourcing requirements from external suppliers?

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

Answer: C

Explanation:
Evaluating total life-cycle costs, including initial purchase price and long-term maintenance, aligns with ethical sourcing by promoting cost-effective and sustainable procurement. It ensures value for money and supports environmentally and financially responsible sourcing practices.

NEW QUESTION # 13
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 the goods after they are loaded on the ship, plus subsequent costs, excluding freight charges
C. The buyer takes responsibility for transferring the goods from the seller's premises to the ship, plus all subsequent costs
D. The buyer takes responsibility for taking the goods from the departure quayside to the ship, plus all subsequent costs

Answer: A

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 # 14
A procurement manager for a major retail group is using ratio analysis to assess the financial viability of suppliers who have tendered for a logistics services tender. The recommended supplier has a current ratio of
0.6. What are the potential consequences of awarding the contract to this supplier, given their current ratio is below 1?

A. The supplier will have cash reserves to cover unexpected expenses
B. The supplier will be unable to pay its short-term liabilities using current assets
C. The results of the current ratio do not mean anything as long as the supplier has proven technical merit
D. The supplier will be unable to cover long-term liabilities from revenues

Answer: B

Explanation:
A current ratio below 1 suggests that the supplier may not have sufficient current assets to cover short-term liabilities, which could pose a risk to the buyer. Assessing financial stability aligns with responsible sourcing practices, as it ensures suppliers can fulfill contracts without disruption.

NEW QUESTION # 15
What type of ratio is used to measure a company's ability to meet its short-term financial obligations, specifically focusing on its ability to convert assets into cash to cover current liabilities?

A. Dividend per share
B. Liquidity ratio
C. Profitability ratio
D. Earnings per share

Answer: B

Explanation:
Liquidity ratios, such as the current and quick ratios, evaluate a company's ability to meet short-term liabilities with current assets. This metric is crucial for assessing a supplier's financial stability, ensuring continuity and reliability in the supply chain, which aligns with ethical and responsible sourcing principles.

NEW QUESTION # 16
Which of the following is not a type of fraud that procurement professionals should be vigilant for?

A. coersion
B. phishing
C. kickback
D. identity theft

Answer: A

Explanation:
Coercion is not a type of fraud. The other three are.

NEW QUESTION # 17
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