Sample CIPS L4M4 Questions Answers, Exam L4M4 Details

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Success in acquiring the L4M4 is seen to be crucial for your career growth. But preparing for the Ethical and Responsible Sourcing (L4M4) exam in today's busy routine might be difficult. This is where actual CIPS L4M4 Exam Questions offered by Actual4Dumps come into play. For those candidates, who want to clear the L4M4 certification exam in a short time, we offer updated and real exam questions.

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

CIPS Ethical and Responsible Sourcing Sample Questions (Q122-Q127):

NEW QUESTION # 122
Which of the incoterms listed are suitable for transporting goods via train?

A. FAS
B. CRF
C. EXW
D. FOB

Answer: C

Explanation:
EXW- exworks is a suitable incoterm for transporting goods both by rail and boat. It can be used regardless of the mode of transport. The other three are for transport over water. P. 143 Shipping Incoterms: the Complete Guide - Guided Imports Some students report a lot of questions on Incoterms in the exam, some say they only had 1. Best bet is to learn them if you possibly can.

NEW QUESTION # 123
Ramesh is a procurement manager who is looking at his supplier base. He is pursuing a sourcing strategy with the aim of enabling logistical cost reductions. He has made the decision to scale-down his supplier base and purchase from one supplier.
Which type of sourcing arrangement has Ramesh began?

A. sole
B. multiple
C. single
D. dual

Answer: C

NEW QUESTION # 124
If a company is concerned with ethical sourcing and has concerns about issues such as corruption and modern day slavery within the supply chain, what course of action should they take?

A. Only work with known suppliers
B. Complete Due-Diligence on all new suppliers
C. Only work with suppliers who have a published Anti-Slavery policy
D. Complete formal tenders to find the best suppliers

Answer: B

Explanation:
Completing Due Diligence checks will help guard against concerns about unethical business practices.
Not all companies will have a published Anti-Slavery policy- this is only required for large companies.
Known suppliers might have issues that you don't know about so you should always do due-diligence checks on everyone you work with Formal tenders won't sort out ethical issues unless specifically addressed within the tender and strong contract management is put in place afterwards.

NEW QUESTION # 125
When assessing the financial performance of a potential supplier, it is important to understand how much gross profit they are making. The gross profit margin ratio uses which of the following pieces of information from the profit and loss (statement of financial performance)? Select TWO that apply.

A. Value of equity capital
B. Current liabilities
C. Income from sales
D. Cost of goods sold
E. Total current assets

Answer: C,D

Explanation:
The gross profit margin ratio is calculated by subtracting the cost of goods sold (COGS) from income from sales, then dividing by income from sales. This ratio indicates the profitability of a supplier, a critical factor in assessing financial health, which helps buyers ensure reliable supply continuity.

NEW QUESTION # 126
The Freedom of Information Act is a piece of UK legislation which allows members of the public to request information on issues such as public sector sourcing. When a request is made, it is compulsory for the public sector to provide this information to the public. Is this statement true?

A. yes- the information must be posted publically online
B. no- the public sector does not need to provide information on sourcing activities
C. no- the public sector can choose not to publish information if it is not deamed to be in the public interest
D. yes- the information must be provided within 28 days

Answer: C

Explanation:
the correct answer is 'no- the public sector can choose not to publish information if it is not deemed to be in the public interest'.
They use something called the 'public interest test' to determine if the information should be re-leased or not.
For example they may not respond to a request asking how many bullets the UK Army has in storage, as that would be detrimental to national security interests.
Responses to requests are made within 21 days, not 28.

NEW QUESTION # 127
......

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Sample CIPS L4M4 Questions Answers, Exam L4M4 Details

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CIPS L4M4 Exam Syllabus Topics:

CIPS Ethical and Responsible Sourcing Sample Questions (Q122-Q127):

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