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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 criterion when selecting a supplier for a large house construction project?
2.
What sourcing strategy is most appropriate for a standard product with numerous qualified suppliers, where no innovation is needed and the buyer seeks to leverage their position for the best price?
3.
Why do tenders in the public sector often have longer timelines compared to those in the private sector?
4.
How can a buyer monitor a supplier’s adherence to ethical workforce standards over the course of a long-term contract?
5.
The procurement manager has received data from a supplier's account to calculate the supplier's current ratio. Which of the following is the correct formula for calculating the current ratio?
6.
Which of the following describes a restricted open tender?
7.
Procurement manager Jessy Browser is considering using secondary market research for a new product. Where can he likely find secondary data on the supply market?
8.
Which data points are typically required in a Request for Quotation (RFQ)?
1.Price and payment terms, such as cash on delivery or 7 days after delivery.
2.Invoice number and availability, such as ex-stock or two weeks' lead time.
3.Supplier contact name and physical address.
4.Mode of transport and delivery note number.
9.
When should a multinational company consider using Incoterms in negotiations with a global supplier for fresh produce delivery?
10.
Which action would have the greatest impact on Corporate Social Responsibility (CSR) for an organization?
11.
What is the benefit of adding key performance indicators (KPIs) to a contract when outsourcing internal staff training to a service provider?
12.
When an organization wants to prequalify suppliers before issuing a tender, the goal is to ensure:
13.
When addressing Ruby in responsible sourcing, which of the following is the most appropriate guidance?
14.
The sourcing process in procurement typically includes the following stages, except:
15.
The bill of lading serves as proof of goods being loaded onto a ship. Another role it plays is to:
16.
Which of the following are considered primary data for an organization?
17.
What are the two main financial accounting statements that show the organization’s assets, liabilities, and cash flow during the financial year?
18.
How is net profit percentage calculated?
19.
What is the primary purpose of Incoterms?
20.
Why is it especially important for public sector organizations to use competitive tendering?
21.
What does the Incoterm DAT stand for?
22.
At which levels may ethical issues impact sourcing requirements from suppliers?
23.
What are the potential risks associated with outsourcing?
- Reduced oversight and control over projects
- Potential loss of company assets
- Missed opportunities for future business growth
- Risk of exposing sensitive information
24.
What advantages does an intranet system offer?
- Creates a unified platform for business interactions with partners
- Enhances teamwork and fosters stronger business relationships
- Reduces delivery lead times from suppliers
- Ensures compliance with industry quality standards
25.
In customs procedures, how are goods classified?
- Goods that are free for trade
- Goods that hold community status
- Goods without community status
- Goods traded in free markets
26.
The Single Administrative Document (SAD) is utilized for which of the following purposes?
- As a combined document for export, community transit, and import processes
- For declaring imports and exports from non-EU countries
- As a register for traders to submit transit declarations in the community transit system from EU countries
- For declaring imports and exports within EU countries
27.
You are asked to issue an award letter to Company X, who won a tender. You inform your manager that you are friends with the head buyer at Company X. Is this an issue?
28.
You are asked to issue an award letter to Company X, who won a tender. You inform your manager that you are friends with the head buyer at Company X. Is this an issue?
29.
You are working as administrative support and must issue a request for quotation (RFQ). You recognize a distant relative’s email address on one of the potential companies. What should you do?
30.
You need to purchase 500 pens of a specific brand and decide to use a weighted points system to evaluate proposals. Is this appropriate?
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