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CIPS-Ethical and Responsible Sourcing L4M4 Paper 1.
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1.
Which of the following is an example of a social value measure in supplier selection for a large house build contract?
2.
What type of sourcing arrangements is most suitable for a standard product with many competent suppliers, where there is no opportunity for innovation and the buyer wishes to use leverage to achieve best value?
3.
Why do tenders often have longer timescales in the public sector when compared with those of the private sector?
4.
How can a buyer monitor a supplier's ethical workforce standard throughout a long term contract?
5.
The procurement manager has received the following data from supplier's account to facilitate the calculation of the supplier's current ratio:
6.
Which of the following statements describe a restricted open tender?
7.
Procurement manager, Jack Browser has just received a formal requisition for a new product being developed by the engineering section. Jack is considering undertaking some market research using secondary sources of market information. Where is Jack likely to obtain secondary data on the supply market?
8.
One of the common tasks of a buyer is contacting suppliers in search of quotations. What data might a typical request for quotation (RFQ) require from the supplier?
1.Price and payment terms e.g. Cash on delivery or after 7 days
2. Invoice number and availability e.g. ex-stock or two weeks lead time
3. Contact name and physical address of the supplier
4. Mode of transport and delivery note number
9.
A multinational company is seeking to negotiate an agreement with global supplier for the delivery of fresh produce. At which stage of the procurement process should the buyer consider incoterms?
10.
An organisation has decided to increase focus on Corporate Social Responsibility. Which of the following actions would provide the greatest CSR impact?
11.
A company has decided to outsource the delivery of internal staff training to a training services provider. A list of key performance indicators has been added to the contract. Identify the key benefits of this.
12.
A company is seeking to put out to tender a new contract opportunity, and wants to prequalify the supplier list. The purpose of the pre-qualification is to ensure what?
13.
Responsible sourcing demands compliance to basis ethical standards of zero tolerance to malpractices such as, but not limited to: bribery, corruption and fraud. Which of the following statements might represent the best guidance to the buyer when addressing bribery as a threat to responsible sourcing
14.
The sourcing process is considered to comprise of the initial stages of the generic procurement cycle, up to the stage where the contract is awarded to the successful bidder. The stages in the sourcing process may include
15.
The bill of lading is a document signed by a ship owner or agent confirming that goods havebeen received on a particular ship for shipment. The bill of lading acts as a document of title transferring ownership of the goods from the supplier to the buyer. Another role of the bill of lading is...
16.
Which of the following are examples of primary data for an organisation
17.
What are the two main financial accounting statements of an organisation that show the values of assets and liabilities, and the change in cash position during the financial year?
18.
What is the equation to calculate net profit percentage
19.
What is the purpose of incoterms?
20.
Why is it specifically important for public sector organisations to use a competitive tendering process?
21.
The incoterm DAT stands for
22.
Ethical issues may affect the sourcing requirements from suppliers at which three levels?
23.
What are the risks of outsourcing?
1. Loss of control of projects
2. Loss of assets
3. Loss of future business opportunities
4. Loss of private information
24.
What are the benefits of an intranet system?
1. Provide single business interface between partners
2. Improve collaboration and relationships
3. Quicker delivery lead times from suppliers
4. Compliance with quality standards
25.
in the context of custom procedures, what are the two classifications of goods.
1. Free trade goods
2. Goods with community status
3. Goods without community status
4. Free market goods
26.
The single administrative. document SAD is used in which of the following
1. As combined export, community transit and import document
2. For declaration of imports and exports from non EU countries
3. As a traders register to enter transit declarations as part of the community transit system from EU countries
4. For declarations of imports and exports from EU countries
27.
You have a high response to a high value tender and just before you decide to award the contract, a colleague notice you haven't completed a financial assessment on the suppliers. You decide to stop the award decision and get the financial information assessed. Is this appropriate?
28.
You are providing administrative support to a buying team who have asked you to issue an award letter to company X who has recently won a tender. You inform your manager that you are friends with the head buyer of company X. Is this the correct thing to do?
29.
You are the administration support to a buying team and have been asked to run a request forquotation, issuing it to five companies. On emailing potential companies, you recognise an email address and believe it is a distant relative who you don't talk to. You don't tell anyone else about this and issue the request out. Is this the correct choice of action?
30.
You have been asked to purchase 500 pens of a specific brand. You decided to use a weightedpoints system for assessment of proposals. Is this approach appropriate?
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