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L4M4 Dumps - Ethical and Responsible Sourcing Practice Exam Questions

CIPS L4M4 - Ethical and Responsible Sourcing Braindumps

CIPS L4M4 - CIPS Level 4 Diploma in Procurement and Supply Practice Exam

  • Certification Provider:CIPS
  • Exam Code:L4M4
  • Exam Name:Ethical and Responsible Sourcing Exam
  • Total Questions:180 Questions and Answers
  • Updated on:Nov 23, 2024
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L4M4 Question and Answers

Question # 1

A buyer has been tasked with placing an order for steel from another country and using Incoterms for the delivery. The buyer's organisation has an in-house transportation and export clearance department. During negotiations, the buyer achieved a 25% cost reduction by accepting responsibility to arrange loading, transportation, and export clearance. Which Incoterm has been agreed?

Options:

A.  

CIP - Carriage and Insurance Paid

B.  

FOB - Free on Board

C.  

FCA - Free Carrier

D.  

EXW - Ex Works

Discussion 0
Question # 2

What is a risk of pre-warning a supplier that you will conduct an audit of their facilities?

Options:

A.  

they will not be able to make that time and date

B.  

they will not perform regular duties that day

C.  

they will not achieve KPIs

D.  

they may coach staff in what to say

Discussion 0
Question # 3

Which of the following financial ratios would indicate a supplier's potential exposure risk to a steeprise in inflation?

Options:

A.  

acid test

B.  

current ratio

C.  

gross profit margin

D.  

gearing ratio

Discussion 0

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