Before you begin ✍️
You are about to practice the questions set for
Ethical Procurement and Supply L5M5 Paper 1.
Please put away any distractions and focus all your efforts on passing.
⏱️Time limit: 1 hour 30 minutes
At the end of your examination practice, you will
📝 View your grade
✅ View the correct answers
NOTE: The answers provided haven't been verified by an official CIPS-affiliated entity, therefore consider discussing your concerns with the instructor or fellow students for clarification.
To begin your exam practice,
wait a few seconds for the start button to appear,
then tap the START button.
"We're rooting for you all the way!" All the best. 😃
In the modern business environment there has been an increased external pressure on organisation to adopt strategies that contributes towards the development and welfare of communities. However, most of the companies are still behind in implementing these strategies because they understand the primary obligation of the organisation as maximising profit for its owners. Which of the following term describes the above statement?
Which of the following are regarded as potential benefits of responsible procurement?
- Consistent supply security due to increased supplier base
- Enhanced business reputation and customer loyalty
- Cost savings due to the application of lifecycle costing
- Reduction of staff retention for the organisation
Which of the following are examples of modern slavery? Select the THREE that apply.
Is it sensible for a manufacturing organisation to consider developing a sustainable procurement policy?
Which of the following are the ways in which equality can be achieved in the supply chain?
- Trust
- Respect
- Encouragement
- Integrity
Modern slavery has been perceived as one of the issues impacting many supply chains. It is therefore the role of both consumers and suppliers to work collaboratively toward effective eradication of modern slavery in supply chains. Which of the following are the ways in which consumers can tackle modern slavery?
1. Communicating with suppliers who use modern slavery about best operation practices
2. Boycotting the goods produced from modern slavery and child labour
3.Keeping close working relationship with suppliers to identify those who use modern
slavery
4.Buying products that have been certified fair trade
Which of the following are regarded as main offences under the Bribery Act 2010? Select the TWO that apply.
A large manufacturer that uses rare materials in its products has just announced it is to increase its focus on sustainability in order to safeguard its supply chain. In this context, which of the following could be seen as a main driver to this?
Which of the following are likely warning signs of modern slavery?
- Workers being forced to work
- Workers and staff receiving very low pay
- Roles requiring few qualifications
- An organisation renting small accommodation
Hi-Fashion Brand (HFB) is a well known clothing retailer. Its shops are in all major city centres and airports. Its CPO is concerned about reputational risk through the supply chain and has decided to consider only using suppliers that meet the Ethical Trading Initiative. This is because suppliers are most likely to...
Which of the following are ways in which procurement professionals can manage language and cultural barriers when sourcing globally?
- Thorough research about exchange rate fluctuations
- Choosing location carefully and considering compatibility
- Improving one’s foreign language skills
- Ensuring proper documentation for all the imports to comply with regulations
Which of the following are ways of managing labour standards in the supply chain? Select the THREE that apply
ABC is a market leading consumer products manufacturer. It has invested heavily in both sustainable practices throughout its supply chains and in its advertising materials to promote this to the market. Which of the following is most likely to be the reward for ABC of such an investment?
Which of the following are the risks of low-cost country sourcing?
- High material cost due to high cost of production
- Significant risks to intellectual property
- Currency fluctuations and volatilities
- Lack of economies of scale
DTRD Manufacturers is fertilizer producing company has recently been accused of poor health and safety standards in their workplace. The workers have complained of working without safety masks to protect them from inhaling poisonous gas from the manufacturing plants. Which of the following is likely to be the consequence for DTRD Manufacturers if they do not improve the health and safety standard of workers?
Which of the following may be perceived as the motives for low cost country sourcing?
- Cost reduction
- Relationship improvement
- Quality improvements
- Stakeholder engagement
Advancements in technology have supported the drive for globalisation. Is this correct?
Which of the following actions will the organisation have to take in order to successfully manage demand?
- Organisation must be prepared to respond to volatile events
- Organisation must keep their warehouses full of safety stock to meet demand effectively
- Organisations must divert funds from other operational activities in order to acquire inventories
- Organisations must involve stakeholder in the process for real time information about demand
Stakeholder engagement is an essential process when managing organisation’s demand. Is this correct?
Which of the following are types of supply chain forecasting that can be used by an organisation? Select the THREE that apply
Although low-cost country sourcing can offer significant benefits to a buyer in reduction of costs and savings, there are also significant risks. Which of the following should be avoided as a potential target for low-cost country sourcing?
- A country where there are established political standards and economic stability
- A country that is remote geographically but with good transportation routes
- A country where there are incompatible legal regimes for handling contract disputes
- A country where there are no established quality or human rights standards
What are the key performance objectives to consider when undertaking low-cost country sourcing? Select the THREE that apply
Which of the following are types of supply chain mapping?
- Value stream mapping
- Value chain mapping
- Operational activity mapping
- Stakeholder mapping
Which types of relationships are suitable for the parties who have no intentions to establish a close collaborative relationship?
- Closer tactical
- Arm’s length
- Co-destiny
- Transactional
Supply chain mapping is required to..
Please proceed to view your grade. Fingers crossed🤗
Thanks l love the papers what is the cost if lm to buy?