Latest L4M4 Exam Question: Ethical and Responsible Sourcing - High-quality CIPS Hot L4M4 Spot Questions

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If you want to pass a high percentage of the CIPS L4M4 Exam, you should consider studying for the actual exam. These practice tests are designed to help you prepare for the exam and ensure you know the syllabus content. It will also help you improve your time management skills, as these tests are designed like an actual exam. Moreover, they will help you learn to answer all questions in the time allowed.

CIPS L4M4 Exam Overview:

Certification Vendor:	CIPS (Chartered Institute of Procurement & Supply)
Exam Name:	Ethical and Responsible Sourcing
Exam Number:	L4M4
Exam Price:	Varies by region and assessment center (typically ~£70–£120 per module)
Exam Format:	Multiple choice questions, Scenario-based questions, Computer-based exam
Certificate Validity Period:	No fixed expiry (qualification remains valid once achieved)
Exam Duration:	120 minutes
Real Exam Qty:	Approximately 60 questions
Passing Score:	50%
Related Certifications:	CIPS Level 4 Diploma in Procurement and Supply
Available Languages:	English
Recommended Training:	CIPS Study Hub CIPS Official Learning Resources
Exam Registration:	CIPS Exams and Assessment Information CIPS Official Qualifications Page
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:

Topic	Details
Topic 1	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 2	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 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 (Q168-Q173):

NEW QUESTION # 168
When sourcing an item of strategic importance and high value in the public sector, is it important to advertise this publicly?

A. yes- the public sector should advertise the opportunity as a call for competition
B. no- buyers in the public sector do not source strategic items
C. no- buyers can approach known contractors
D. yes- the public sector should advertise through the Freedom of Information Act

Answer: A

Explanation:
The correct answer is 'yes- the public sector should advertise as a call for competition'. They do this in the Official Journal of the European Union (OJEU). Public Sector has to be transparent about everything and treat all suppliers equally. So they can't just approach the ones they like.
In the study guide it says OIEU and this is a typo. It's OJEU.
What is The OJEU in 2 minutes or less (trackerintelligence.com)

NEW QUESTION # 169
When working closely with a supplier, waste can be reduced which can lead to improved business functions and cost savings. Which of the following are wastes that can be removed from the supply chain? Select THREE.

A. Over-analyzing
B. Barriers
C. Motion
D. Waiting
E. Inventory

Answer: A,D,E

Explanation:
The correct answers are; motion, waiting and inventory.
This is part of Ohno's 8 Wastes. You can remember this with the acronym Tim Woods; transportation, inventory, motion, waiting, over-production, over-processing, defects, skills.
This is only mentioned briefly in this module but comes up in other modules more in depth, so is worth memorising if you can.

NEW QUESTION # 170
What are the risks of outsourcing?
* Loss of control of a project
* Loss of assets
* Loss of future business opportunities
* Loss of private information

A. 3 and 4 only
B. 2 and 3 only
C. 1 and 4 only
D. 1 and 2 only

Answer: C

Explanation:
Outsourcing can lead to a loss of control over certain aspects of a project, as the organization relies on external parties to deliver services or products. Additionally, sharing sensitive information with third-party vendors increases the risk of data breaches or loss of private information. While there may be concerns about assets or future business opportunities, the primary risks in outsourcingrelate to control and information security.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 3.2: Risks Associated with Outsourcing

NEW QUESTION # 171
Which of the following financial ratios would indicate a supplier's potential exposure risk to a steeprise in inflation?

A. acid test
B. gross profit margin
C. gearing ratio
D. current ratio

Answer: C

Explanation:
The correct answer is 'gearing ratio'.
Gearing measures how much of a company's funding is based on long-term debt or loans- this would be affected by a steep rise in inflation. If a company has a mortgage on their offices or facto-ry and they need to remortgage and inflation has gone up a lot- they'll be paying a lot more on their mortgage. This will severely effect the gearing ratio as they'll have more outgoings than incoming.
Gross profit margin COULD be affected by inflation, for example if you've got hyper-inflation and the country goes into recession and people stop buying your product. However, this answer isn't al-ways right and depends on many factors- the industry, the product, the company etc, so for the purpose of CIPS should be discounted. There are many industries which are immune to inflation.

NEW QUESTION # 172
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. Earnings per share
B. Liquidity ratio
C. Profitability ratio
D. Dividend per share

Answer: B

Explanation:
Liquidity ratios assess a company's capacity to meet its short-term obligations using its most liquid assets.
These ratios, such as the current ratio and quick ratio, provide insight into the financial health of a company by indicating whether it has sufficient resources to pay off its immediate liabilities without raising external capital.
Exact Extract from Study Guide:
"Liquidity ratios: # Typical ratios: current ratio, quick ratio, cash flow ratio, etc. # Formulae of those ratios # Implications of liquidity ratios

NEW QUESTION # 173
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