CIPS L4M4 Übungsprüfungen
Zuletzt aktualisiert am 26.04.2025- Prüfungscode: L4M4
- Prüfungsname: Ethical and Responsible Sourcing
- Zertifizierungsanbieter: CIPS
- Zuletzt aktualisiert am: 26.04.2025
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 ensure 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?
- A . Profit and loss account
- B . Annual turnover
- C . Gearing ratio
- D . Acid test
Procurement professionals should never appoint any suppliers that have a low credit rating. Is this statement TRUE?
- A . Yes, because this rating indicates poor financial management practices
- B . No, because a credit rating is only one financial tool to be used in determining financial competence
- C . No, because a credit rating is not an appropriate decision-making tool
- D . Yes, because this rating means that insolvency or liquidation is imminent
When selecting a supplier on technical merit, its important that the supplier is a good ‚functional fit‘ for the organisation.
What is meant by ‚functional fit‘?
- A . the supplier is able to adhere to the same ethical standards
- B . the supplier is able to work at the same technical level as the buyer
- C . the supplier shares a common supply chain
- D . the supplier makes a similar profit to that of the buyer
A procurement manager of a medium-sized company has suggested to their executive board that implementing an ISO environmental standard would improve procurement practices and reduce environmental and social impacts. However, some colleagues are concerned about the potential complexity and supplier resistance.
Should the company go ahead with the recommendation?
- A . Yes, as it would align with, and help to achieve, sustainability goals
- B . No, ISO standards are too complex for staff and suppliers to understand and follow
- C . No, because ISO standards are only relevant to large organisations
- D . Yes, implementation would guarantee that the company is compliant with all environmental laws
Which legislation relates specifically to the ethical treatment of workers within the supply chain?
- A . Bribery Act 2010
- B . Modern Slavery Act 2015
- C . Equal Pay Act 1970
- D . Health and Safety at Work Act 1974
What information would you expect to find on a supplier’s response to a ‚Request for Information‘? Select TWO
- A . detailed information regarding their costing structure
- B . their ethical and sustainability policies
- C . their capability and capacity to fulfil a contract
- D . their marketing strategy
Credit rating agencies can assist procurement professionals. Typically, which of the following can be obtained from a credit rating agency report? Select TWO that apply.
- A . Product pricing information
- B . Payment history
- C . Financial stress score
- D . Tender submission pricing
- E . Rebate information
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 . Dividend per share
- C . Liquidity ratio
- D . Profitability ratio
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 . Dividend per share
- C . Liquidity ratio
- D . Profitability ratio
Luke has sent out a Request for Information to test the waters of the supply market for a new product he is sourcing. He has received a high number of detailed documents back from suppliers.
Which of the following is Luke now likely to know about the marketplace? Select THREE
- A . acceptable lead times
- B . amount of product competition
- C . expected changes in the marketplace
- D . exact costs of the item he’s procuring
- E . samples of the product