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Free PDF Quiz 2025 CIPS L4M4: First-grade Ethical and Responsible Sourcing Valid Test Materials

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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:

>> L4M4 Valid Test Materials <<

Marvelous L4M4 Valid Test Materials | Easy To Study and Pass Exam at first attempt & First-Grade L4M4: Ethical and Responsible Sourcing

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CIPS Ethical and Responsible Sourcing Sample Questions (Q157-Q162):

NEW QUESTION # 157
Which of the following incoterms has the lowest risk to the buyer?

A. exworks
B. delivered duty paid
C. free on board
D. carriage and insurance paid to

Answer: B

Explanation:
The lowest risk to the buyer is 'delivered duty paid'. This is because the supplier does all the work transporting the items to the buyer's premises. Incoterms_2020_chart | Intersped

NEW QUESTION # 158
Incoterms describe several aspects and responsibilities of transporting goods when sourcing internationally.
Which of the following is described by Incoterms? Select THREE.

A. how long the transportation will take
B. who is responsible for making duty and tariff arrangements
C. which party arranges insurance
D. how much the transportation will cost
E. what form of transportation will be used

Answer: B,C,E

Explanation:
Incoterms describe who out of the buer and seller; organises transport and what type of transport this is, who pays for insurance, and who organises duty / tariff arrangements when the goods go through customs. See p.
131. Note- some students report a lot of questions on Incoterms in the exam, some say they only had 1. If you can, I'd learn them just to be safe.

NEW QUESTION # 159
Which of the incoterms listed are suitable for transporting goods via train?

A. FOB
B. EXW
C. CRF
D. FAS

Answer: B

Explanation:
EXW- exworks is a suitable incoterm for transporting goods both by rail and boat. It can be used regardless of the mode of transport.
The other three are for transport over water. P. 143 Shipping Incoterms: the Complete Guide - Guided Imports Some students report a lot of questions on Incoterms in the exam, some say they only had 1. Best bet is to learn them if you possibly can.

NEW QUESTION # 160
Which award criteria can be applied when sourcing requirements from external suppliers?

A. Price and total life-cycle costs
B. Delivery promises of goods
C. Understanding of supplier operations
D. Plans and manpower numbers

Answer: A

Explanation:
Evaluating total life-cycle costs, including initial purchase price and long-term maintenance, aligns with ethical sourcing by promoting cost-effective and sustainable procurement. It ensures value for money and supports environmentally and financially responsible sourcing practices.

NEW QUESTION # 161
Bribery is considered an unethical business practice. What constitutes a bribe?

A. something that has monetary value
B. anything that can be traded illegally
C. anything that is of value to the recipient
D. something of significant monetary value

Answer: C

Explanation:
A bribe is anything that is of value to the recipient. It's commonly money, but could also be an item such as a car, or doing someone a favour such as hiring their son.

NEW QUESTION # 162
......

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L4M4 Mock Exam: https://www.examslabs.com/CIPS/CIPS-Level-4-Diploma-in-Procurement-and-Supply/best-L4M4-exam-dumps.html

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