PASS GUARANTEED QUIZ PERFECT L4M4 - LATEST ETHICAL AND RESPONSIBLE SOURCING TEST LABS

Pass Guaranteed Quiz Perfect L4M4 - Latest Ethical and Responsible Sourcing Test Labs

Pass Guaranteed Quiz Perfect L4M4 - Latest Ethical and Responsible Sourcing Test Labs

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Tags: Latest L4M4 Test Labs, Reliable L4M4 Exam Sample, L4M4 Exam Forum, Pdf Demo L4M4 Download, L4M4 Passing Score

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CIPS Ethical and Responsible Sourcing Sample Questions (Q107-Q112):

NEW QUESTION # 107
Which of the following characteristics are likely to be required within sourcing processes undertaken in the public sector?
* An emphasis on long-term supplier relationships where possible
* Maintaining service levels within value and cost parameters
* All dealings between buyers and suppliers are kept confidential
* A competitive tendering process is usually encouraged

  • A. 2 and 4 only
  • B. 1 and 2 only
  • C. 1 and 3 only
  • D. 2 and 3 only

Answer: A

Explanation:
In public sector procurement, maintaining service levels within value and cost parameters is essential to ensure efficient use of public funds. Additionally, a competitive tendering process is encouraged to promote transparency, fairness, and value for money. While long-term supplier relationships can be beneficial, they are not always feasible or emphasized in the public sector due to regulations requiring periodic re-tendering.
Confidentiality is important, but public sector procurement often requires a degree of transparency that precludes complete confidentiality in dealings.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 1.4: Public Sector Procurement Characteristics


NEW QUESTION # 108
In a negotiation, a supplier does not want to upset or offend the buyer, so concedes their own requirement in order to ensure harmony. Which negotiation tactic is the supplier using?

  • A. compromising
  • B. competitive
  • C. accommodating
  • D. collaborative

Answer: C

Explanation:
This is accommodating: the supplier puts the buyer's interest above his own.
This is from the Thomas Killman model of conflict resolution. There are 5 strategies; competitive, collaborative, avoiding, accommodating and compromising. In the study guide it doesn't mention the name of the model but you do need to know the 5 strategies. The model comes up a lot in other modules so is a good one to learn. Particularly L5M1 which is about management theory.


NEW QUESTION # 109
Which of the following is an advantage to the TUPE regulations?

  • A. Continuity of supply for the buying organisation
  • B. Increase in buyer power
  • C. Reduced overheads for the buying organisation
  • D. Value for money for the buying organisation

Answer: A

Explanation:
Continuity of supply for the buying organisation is an advantage of TUPE regulations.
TUPE is the Transfer of Undertakings (Protection of Employment). It's when the workforce / em-ployees of one company go to work for another one, usually after their company is bought out. They're transferred to the new company along with the furniture and buildings.
TUPE is UK specific. You don't need to know too much details about it for this exam - just what it is and the benefits. The main benefit is people don't lose their jobs when their company gets bought out. Basic guide to TUPE (pinsentmasons.com)


NEW QUESTION # 110
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 marketing strategy
  • C. their ethical and sustainability policies
  • D. their capability and capacity to fulfil a contract

Answer: A,D

Explanation:
A RFI typically finds the following information from potential suppliers; ethical and sustainability policies and their capacity / capability to fulfil a contract. It could also include financial position, mission and vision.


NEW QUESTION # 111
Commodities are items which can be traded on the stock exchange. These are generally divided into four categories. What are these four categories?

  • A. energy, agriculture, metals, livestock
  • B. metals, energy, elements and agriculture
  • C. chemicals, agriculture, metals and livestock
  • D. fruit, vegetables, meat and dairy

Answer: A

Explanation:
energy, agriculture, metals, livestock are the four trading categories on the stock exchange. Some-times there's a 5th category added which is 'environmental credits'. This is a fairly new thing and you don't need to know anything about this for this exam.
Question no commodities will mainly centre around characteristics of commodities and factors that affect pricing.
Commodities are discussed much more in detail in L5M4. At level 4 you just need a basic overview.


NEW QUESTION # 112
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