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CIPS - High Hit-Rate L4M4 - Practice Ethical and Responsible Sourcing Exams Free

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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 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.

Topic 4

Understand the key processes that can be applied to the analysis of potential external suppliers:

CIPS Ethical and Responsible Sourcing Sample Questions (Q21-Q26):

NEW QUESTION # 21
What course of action should be taken when an audit of a supplier identifies evidence of human rights malpractice?

A. Remove all business and inform press organisations, who will in turn bring the issue to the attention of formal governmental organisations who can take action
B. Immediately halt all orders with the supplier, make a record of the violation in the supplier database, and switch to an alternative source of supply
C. Allow the supplier to complete current orders placed, while pursuing an alternative source to change to as soon as approved
D. Immediately raise the issue with the supplier and jointly develop a timely action plan to be implemented before a repeat audit

Answer: D

Explanation:
Addressing human rights issues collaboratively by developing an action plan allows for improvement and correction. This approach is consistent with ethical sourcing principles, which encourage responsible intervention to correct and improve supply chain practices rather than punitive measures that may not lead to long-term change.

NEW QUESTION # 22
A buyer might opt to do an 'Invitation to Tender' (ITT) rather than a 'Request for Quotation' (RFQ) process because ...

A. The nature of the goods or services being purchased are complex and high value
B. Time is of the essence and decisions need to be made quickly without additional stakeholder involvement
C. The contract will be low value and there are many suppliers, therefore a simpler approach is required
D. The supplier market is an oligopoly where a few large suppliers dominate the market

Answer: A

Explanation:
An Invitation to Tender (ITT) is used when requirements are complex, high-value, or strategic, requiring detailed supplier submissions, robust evaluation, and structured governance. RFQs are better for low-value, straightforward purchases where price is the main factor. ITTs ensure fairness, transparency, and comprehensive evaluation when the stakes are high. It is not chosen simply because of oligopolies or time pressure. Responsible sourcing requires matching the sourcing process to the complexity and risk of the procurement, ensuring appropriate competition and governance.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - sourcing procedures and their application.

NEW QUESTION # 23
Azram is a facilities category buyer within the UK police force and is managing an overseas sourcing project for police uniform and personal protective equipment. Azram is of the opinion that international sourcing will help deliver much-needed financial savings, which can be utilized in other areas of the UK police force.
Azram is aware that exchange rate fluctuations can create risk for his organisation. How can Azram remove this risk?

A. Request to use the exchange rate applicable at the time of delivery
B. Carry out a competitive tender exercise
C. Ask suppliers to quote in GBP Sterling
D. Evaluate international supplier's financial accounts

Answer: C

Explanation:
Requesting suppliers to quote in GBP Sterling removes exchange rate risk by fixing the cost in the buyer's local currency. This strategy aligns with responsible sourcing practices by providing cost stability and protecting the procurement budget from currency fluctuations.

NEW QUESTION # 24
Economic indices track a market's stability and health. One of these indices is the Consumer Price Index (CPI). Which of the following are aspects of the Consumer Price Index? Select TWO that apply.

A. The CPI shows that prices are influenced by tax thresholds rates rather than inflation rates
B. The CPI tracks variations in prices in a particular geographical location
C. The CPI helps in calculating the exchange rates and tariffs used in setting prices for imports
D. The CPI tracks the weighted average prices of selected commodities within the country
E. The CPI tracks the performance of selected companies in different stock markets

Answer: B,D

Explanation:
The Consumer Price Index (CPI) measures the average change over time in the prices paid by consumers for a market basket of goods and services. It reflects price variations in specific geographical locations and tracks the weighted average prices of selected commodities, providing insights into inflation and cost of living.
Exact Extract from Study Guide:
"The Consumer Price Index (CPI) tracks variations in prices for a range of consumer goods and services over time, in a particular geographic location."

NEW QUESTION # 25
Which of the following Incoterms has the lowest risk for the supplier?

A. free on board
B. delivered at terminal
C. delivered duty paid
D. ex works

Answer: D

Explanation:
Ex-Works has the lowest risk to the supplier- in Exworks the buyer collects the items directly from the supplier - so they have all the issues and risks of transporting it back home.
There are many question on Incoterms CIPS can ask. But as there's such a huge bank of questions it's really hit or miss if you'll get one of those question. Two students sitting the exam at the same time in the same study centre can get different question sets. One person can get 3 Incoterm questions and the other gets 0.
I would learn the major ones- the ones at the ends of the table in particular because these are the ones question are likely to be about. Ex works / Free carrier and Delivered at Place Unloaded/ De-livered Duty Paid in particular.
I like this graph as I'm a visual person. I think it makes it easier to understand than the study guide:
Shipping Incoterms: the Complete Guide - Guided Imports

NEW QUESTION # 26
......

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