Ethical Procurement and Supply L5M5 Paper 4By Admin / January 29, 2025 Edit | Duplicate | Delete | Before you begin ✍️ You are about to practice the questions set for Ethical Procurement and Supply L5M5 Paper 4. 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. 😃 Can advancements in technology be seen as a key factor in driving globalisation? Yes, many barriers to communication have now been removed through technology No, increased use of technology has made global trading much more expensive No, technology has created significantly increased demand for shorter supply chains Yes, emerging technologies have forced some companies overseas to retain staff None Does the World Fair Trade Organisation (WFTO) focus on helping global businesses enter new markets and provide better products and fairer prices to consumers? Yes, the WFTO will provide grant aid to international businesses No, the WFTO is focused on reducing the power of multinational companies Yes, the WFTO enforces global regulations to protect consumers No, the WFTO aims include supporting smaller or disadvantaged producers None What are the two primary aspects that fair trade standards, underlying Fairtrade labelling, directly address? Customer feedback Working conditions Pensions Management training Wages How can an organization mitigate reputational risk concerning its ethical and sustainable procurement practices? Select the THREE most relevant methods. Meeting suppliers at third party locations Implementing responsible procurement policies Carefully selecting all supply chain partners Reducing supplier profitability Ensuring equipment is replaced regularly What is the primary focus of AMG's initial supply chain mapping effort, as highlighted by its Chief Procurement Officer, in terms of understanding AMG's supply chain structures? Branding Tiers Complexity Innovation 1 and 4 only 3 and 4 only 2 and 3 only 1 and 2 only None Which sustainability-related criteria are most often taken into account when making procurement and supply decisions? Social and environmental Products and people Suppliers and planet Waste and policies None Which of the following reflects procurement decisions and policies that address the needs of both the present and future generations? Sustainability Profit Risk Competition None What is the direct contribution of promoting good corporate citizenship to a procurement organization? Cost reduction Brand reputation Supplier rationalisation Technological development None What is the primary environmental consequence of increased transportation? fewer accidents reduced profit atmospheric emissions loss of resource None The total amount of greenhouse gas emissions created directly and indirectly by an organisation’s activities is referred to as its ... corporate impact environmental pollution carbon footprint waste generation None In what ways might government initiatives aimed at environmental sustainability affect an organisation’s warehousing and distribution decisions? Introduce legislation to reduce emissions Mandate national ethical codes of practice Seek co-operation from the United Nations Build more motorways to ease congestion None How could government-promoted environmental sustainability practices affect an organisation’s approach to warehousing and distribution? Sourcing components Greenhouse gas Resource overhead Vehicle maintenance None What is the term for the increase in the Earth's average temperature that results in climate change and can be linked to the environmental impact of poor warehousing and logistics management? Global warming Visual intrusion Increased landfill Air pollution None Which of the following strategies can governments use to support greener transportation in distribution? Environmental training for all long-distance drivers Developing new fuels specifically for use in logistics Donating a percentage of tax revenues to good causes Tax breaks on environmentally friendly vehicles None A company specializing in procurement has decided to move away from traditional contract evaluation factors such as price, delivery speed, and quality. Instead, they aim to emphasize sustainability in their supply chain. What key criteria should they focus on to accomplish this shift? Processes to ensure zero defects Last three years’ credit ratings Ability to fulfil the required volumes Plans to reduce carbon emissions None While assessing new transportation equipment, a buyer examines details about its noise output and the extent of movement it causes at maximum speed. Which factor is the buyer most concerned with? Air and water pollution Visual intrusion and land-take Vibration and noise Atmospheric emissions and fumes None Which standard specifically addresses packaging and its environmental impact? ISO 9000 ISO 18601 ISO 26000 ISO 20400 None What is the primary purpose of a Corporate Code of Ethics in an organization? demonstrate organizational commitment to reinforcing ethical values across all procurement and supply practices hold employees responsible for unethical behaviour comply with international law enforce ethical behaviours in the organisation None When a buyer has a relative working for a potential supplier, it creates a situation that could be classified as a........ way to drive down costs valued adding opportunity conflict of interests breach of ethics None What is the appropriate response for a buyer when a supplier violates the customer’s ethical code? escalate to a senior manager in their organisation immediately to maintain business integrity have a quiet word with his supplier contact nothing this is outside of the customer’s authority make a note on the suppliers file for future reference None The objectives of CSR, known as the ‘triple bottom line,’ address which three important aspects of business performance? task, team and individual total quality management key performance indicators people, planet and profit None What term describes the principle of fulfilling current needs without hindering the capacity of future generations to meet their own needs? sustainability promotability accountability malleability None Which concept promotes responsible corporate behavior and encourages a positive impact on stakeholders like suppliers, consumers, employees, communities, governments, and the environment? VfM JIT CSR MRP None What are some potential environmental consequences of transportation activities? loss of resource loss of profit pest factors air pollution and atmospheric emissions None What is a key metric commonly used to assess and report on sustainability? global monitoring sea temperature environmental monitoring ethical monitoring None Please proceed to view your grade. Fingers crossed🤗 Time's upTime is Up!
