Free L4M4 Questions for CIPS Ethical and Responsible Sourcing L4M4 Exam as PDF & Practice Test Engine
Which of the following would be a valid reason to make a product inhouse, rather than buy it from a supplier?
Correct Answer: B
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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
Correct Answer: A,B,E
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Which of the following should be assessed in supplier proposals to check compliance with environmental, social, and governance (ESG) standards? Select THREE that apply.
Correct Answer: A,B,E
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Who was responsible for introducing the concept of Incoterms?
Correct Answer: C
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Phishing is a type of fraud that is commonly associated with which industry?
Correct Answer: B
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Henry is importing cheese from South East Asia into the UK. He is doing some research on the costs and risks of this and has discovered that the product may be considered of 'non-preferential origin'. What implications would this mean for Henry?
Correct Answer: C
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Khalid is a procurement manager in the UK who is looking to source exotic fruit for a retailer. As this type of fruit doesn't grow naturally in the UK Khalid is looking at international suppliers, but is worried about variations in exchange rates. He is considering asking the suppliers to provide quotes in their local currencies.
Will this reduce the risk posed to Khalid?
Will this reduce the risk posed to Khalid?
Correct Answer: B
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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 tocalculate shareholder equity? Select TWO.
Correct Answer: B,C
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Which of the following are signs that modern-day slavery might be taking place within the supply chain?
Select THREE.
Select THREE.
Correct Answer: B,D,E
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Which of the following is not a Human Rights as protected by the UN Declaration on Human Rights?
Correct Answer: D
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Sourcing aims to achieve the best value for money by taking into account several factors. Freddy issourcing a new component for his company which manufactures tractors. Should Freddy take into consideration ethics and sustainability?
Correct Answer: C
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Which of the following should be considered when calculating ratios relating to a supplier's liquidity?
Correct Answer: B
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Which of the following financial ratios would indicate a supplier's potential exposure risk to a steeprise in inflation?
Correct Answer: C
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A procurement manager is undertaking a financial due diligence of potential suppliers.
Which of the following financial elements are used in the calculation ofgearing?
Select TWO that apply.
Which of the following financial elements are used in the calculation ofgearing?
Select TWO that apply.
Correct Answer: C,D
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