CIPS L4M4 Übungsprüfungen
Zuletzt aktualisiert am 24.04.2025- Prüfungscode: L4M4
- Prüfungsname: Ethical and Responsible Sourcing
- Zertifizierungsanbieter: CIPS
- Zuletzt aktualisiert am: 24.04.2025
Jamilla is looking to find a new supplier who can deliver raw materials of wood and paper to her company Woody Manufacturing Incorporated. The requirement is for regular orders of high volume. She has issued a Request for Quotation.
What will this assess the suppliers on?
- A . who can deliver the items the cheapest
- B . who can deliver the highest quality items
- C . the five rights of procurement
- D . which price is the most ethical
An organisation is keep to include Social Outcomes in it’s assessment for Value for Money for a new tender.
Which of the following should be considered?
- A . use of local labour to deliver the contract
- B . CO2 emissions of the supplier’s delivery vehicles
- C . supplier’s ESG policy
- D . accreditations such as Fair Trade
When sourcing an item of strategic importance and high value in the public sector, is it important to advertise this publicly?
- A . no- buyers can approach known contractors
- B . no- buyers in the public sector do not source strategic items
- C . yes- the public sector should advertise the opportunity as a call for competition
- D . yes- the public sector should advertise through the Freedom of Information Act
Elaine works for a British manufacturer of confectionary (sweets/ candy) items. One of the key ingredients is cocoa powder, which cannot be grown in the UK. Elaine therefore needs to look abroad for suppliers.
Which of the following are risks that Elaine needs to consider when sourcing internationally? Select THREE
- A . currency exchange fluctuations
- B . shortened lead times
- C . ethical behavior
- D . export tariffs
- E . cultural differences
Which of the following Incoterms has the lowest risk for the supplier?
- A . ex works
- B . delivered at terminal
- C . free on board
- D . delivered duty paid
A buyer is only interested in working with suppliers who have strong Environmental and Social Governance practices. It is therefore using ethical criteria as supplier selection stage to determine which suppliers to work with.
Which of the following statements is true?
- A . compliance with Codes of Conduct from professional bodies is mandatory
- B . ethical behaviour is impossible to determine as issues such as Modern Slavery often go undetected
- C . the buyer should ask suppliers to be accredited to ISO9001
a supplier who follows the CIPS Code of Conduct is more likely to meet the buyer’s needs
Incoterms are divided into four main groups to follow the movement of goods covering the exporter’s premises, export and import points, and cost and risk.
Which letters represent the four groups of Incoterms?
- A . E, F, C, and D
- B . E, F, B, and C
- C . B, C, F, and G
- D . A, B, C, and D
FTSE100 and Sensex are examples of what?
- A . stock markets
- B . commodity indices
- C . financial reports
- D . public sector organisations
The bill of lading is one of the main documents associated with sea freight within international sourcing.
Which of the following statements represent some of the uses of the bill of lading? Select TWO that apply.
- A . It provides evidence of the contract of carriage for the goods
- B . It provides evidence of the title of ownership of the goods
- C . It provides evidence of the country of origin of the goods
- D . It provides evidence that the goods are fully insured in transit
- E . It provides evidence guaranteeing the use of Incoterms on the goods
Ivan is an investor who is looking to invest in new businesses. He is reviewing several companies and working out what his equity would be.
Which of the following does Ivan need to know to calculate shareholder equity? Select TWO.
- A . net profit
- B . net income
- C . total liabilities
- D . total assets