CIPS L4M4 ACTUAL EXAM DUMPS, EXAM L4M4 LAB QUESTIONS

CIPS L4M4 Actual Exam Dumps, Exam L4M4 Lab Questions

CIPS L4M4 Actual Exam Dumps, Exam L4M4 Lab Questions

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Exam L4M4 Lab Questions - L4M4 Valid Test Syllabus

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CIPS Ethical and Responsible Sourcing Sample Questions (Q105-Q110):

NEW QUESTION # 105
Tulip Rose Industries is using a restricted approach to tendering for a new contract for the facilities management of their seven factories which produce furniture made of organic materials. What is likely to be the reason they are using a restricted approach?

  • A. the suppliers are likely to be unqualified
  • B. the requirement is complex
  • C. interest in the tender opportunity is likely to be low
  • D. interest in the tender opportunity is likely to be high

Answer: D

Explanation:
you would use a restricted approach when interest is likely to be high. The buyer needs a method of de-selecting unsuitable bidders and creating a shortlist of acceptable organisations.
For complex requirements you could use both an open or restrictive tender- the difference between the approaches is about how many bids you're likely to get rather than the complexity of it.


NEW QUESTION # 106
A business may be faced with the challenge of deciding whether to source some of its requirements from external suppliers or whether to make them internally. Which of the following factors is likely to justify the decision to make the requirements internally?

  • A. The other suppliers are using older technology
  • B. The availability of in-house competencies and capacity to carry out the production
  • C. External suppliers are likely to be overcharging
  • D. External sourcing involves cumbersome tendering procedures

Answer: B

Explanation:
Internal production is often justified when a company has the necessary competencies and capacity. This approach aligns with responsible sourcing by leveraging internal capabilities for better control over quality, cost, and compliance with ethical and environmental standards.


NEW QUESTION # 107
The sourcing process is considered to include the initial stages of the generic procurement cycle, up to the stage where the contract is awarded to the successful bidder. The stages in the sourcing process may include ...

  • A. Processing the requisitions to facilitate call-offs against a newly created framework contract
  • B. Comparing the supplier's delivery note with the purchase order to confirm the specification
  • C. Reminding the design manager to approve the drawings which will accompany the invitation to tender documents
  • D. Engaging with suppliers to ensure that they are achieving the KPIs set in the contract

Answer: C

Explanation:
In the sourcing process, obtaining necessary approvals (such as drawings for the invitation to tender) is critical to ensure clarity and readiness before engaging with suppliers. Responsible sourcing emphasizes structured preparation, ensuring compliance and accuracy in supplier expectations.


NEW QUESTION # 108
Why do tenders often have longer timescales in the public sector when compared with those of the private sector?

  • A. Regulation of the public sector usually dictates minimum timescales
  • B. There is a more detailed debrief requirement in the public sector
  • C. All public sector purchases are mandated to use a tendering procedure
  • D. There is wider stakeholder involvement in the public sector

Answer: A

Explanation:
Public sector procurement is governed by specific regulations that stipulate minimum timescales for various stages of the tendering process. These regulations are designed to ensure transparency, fairness, and adequate time for suppliers to prepare their bids. For instance, under the Procurement Act 2023, certain procedures have defined minimum periods for tender submissions to allow sufficient time for supplier participation.
Exact Extract from Study Guide:
"Public sector procurement is subject to specific regulations that dictate minimum timescales for tendering processes to ensure fairness and transparency."


NEW QUESTION # 109
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. A, B, C, and D
  • B. B, C, F, and G
  • C. E, F, B, and C
  • D. E, F, C, and D

Answer: D

Explanation:
Incoterms are grouped as E (Ex Works), F (Free copyright), C (Carriage Paid To), and D (Delivered Duty Paid), reflecting various stages of responsibility transfer between buyer and seller. Understanding Incoterms is critical for responsible sourcing, as it clarifies logistics and cost responsibilities.


NEW QUESTION # 110
......

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