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L4M4 Exam Torrent & L4M4 Study Materials & L4M4 Actual Exam

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>> Top L4M4 Questions <<

L4M4 Accurate Answers - Reliable L4M4 Exam Guide

No doubt the Ethical and Responsible Sourcing (L4M4) certification is one of the most challenging certification exams in the market. This Ethical and Responsible Sourcing (L4M4) certification exam gives always a tough time to Ethical and Responsible Sourcing (L4M4) exam candidates. The VCEPrep understands this hurdle and offers recommended and real CIPS L4M4 exam practice questions in three different formats.

CIPS L4M4 Exam Syllabus Topics:

Topic
Details

Topic 1

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

Topic 2

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 3

This section examines analyzing market data, obtaining quotations
tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.

Topic 4

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.

CIPS Ethical and Responsible Sourcing Sample Questions (Q235-Q240):

NEW QUESTION # 235
A buyer is only interested in working with suppliers who have strong Environmental and Social Governance practices. It is therefore using ethical criteria as supplier selection stage to determine which suppliers to work with. Which of the following statements is true?

A. compliance with Codes of Conduct from professional bodies is mandatory
B. the buyer should ask suppliers to be accredited to ISO9001
a supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs
C. ethical behaviour is impossible to determine as issues such as Modern Slavery often go undetected

Answer: B

Explanation:
A supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs is the correct answer.
The other options are wrong:
1) Compliance with Codes of Conduct from professional bodies is optional. E.g. CIPS - no organi-sation is forced to comply with CIPS.
2) Unethical behaviour is not impossible to detect, it may be difficult but with correct due diligence and things like audits it's completely possible
3) ISO 14001 is quality management so is irelevent.

NEW QUESTION # 236
Credit rating agencies can assist procurement professionals. Typically, which of the following can be obtained from a credit rating agency report? Select TWO that apply.

A. Tender submission pricing
B. Rebate information
C. Financial stress score
D. Payment history
E. Product pricing information

Answer: C,D

Explanation:
Payment history and financial stress scores provide insights into a supplier's financial health and stability.
This information is crucial for procurement professionals in assessing whether a supplier can fulfill long-term commitments, supporting responsible sourcing by mitigating financial risks.

NEW QUESTION # 237
Phishing is a type of fraud that is commonly associated with which industry?

A. IT
B. Mining
C. Construction
D. Agriculture

Answer: A

Explanation:
Phishing is a type of fraud where IT users are sent a link (usually by email) which exposes them to activities of expert cybercriminals.

NEW QUESTION # 238
A balance sheet will show a company's assets, liabilities and shareholder equity. What is share-holder equity?

A. the amount of money from retained earnings
B. the amount of money held in the company's bank account
C. the owners' residual claim once all debt has been paid
D. the profit from sales once tax has been deducted

Answer: C

Explanation:
shareholder equity = the owner/s of the organisation's residual claim once all debts have been paid. What Is Shareholder Equity (SE) and How Is It Calculated? (investopedia.com)

NEW QUESTION # 239
Which of the following should be considered when calculating ratios relating to a supplier's liquidity?

A. receivables
B. profit
C. reserves
D. inventory

Answer: D

NEW QUESTION # 240
......

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