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CIPS-Ethical and Responsible Sourcing L4M4 Paper 2.
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1.
The way organization advertise their requirement can depend on the following factors below. Choose all that applies
1. Value of contract
2. Strategic importance of contract
3. Urgency
4. Resources available
5. Suppliers available.
3.
A prequalification questionnaire (PQQ) is a form of RFI. Which among the following information does an RFI gathers about potential suppliers?
1. Financial position
2. Capability
3. Capacity
4. Mission and vision
5. Ethical and sustainability policies
6. Initial investment.
4.
Which suppliers are RFQs sent to?
5.
An RFQ attempt to asses which supplier can achieve the five right of procurement in the most cost effective way. Which among the following are five attribute or reason for sending RFQ?
1. To learn about supplier
2. Obtain cost for comparison
3. Sent to large and varied suppliers base
4. sent to pre-qualification
5. Help to develop strategies
6. Help to achieve best suppliers value
7. Informal process
8. Formal process
9. Generic
1o. Specific
6.
Which five among the following are attribute or reasons for sending an RFI?
1. To learn about supplier
2. Obtain cost for comparison
3. Sent to large and varied suppliers base
4. Sent to pre-qualification
5. Help to develop strategies
6. Help to achieve best suppliers value
7. Informal process
8. Formal process
9. Generic
10. Specific
7.
Which tendering approach would best be suited to a procurement function that did not know how it was going to deliver the solution to the business need?
8.
How does a cross functional team aids procurement professional when analyzing bids.
9.
Explain why each stage in a tender process should be formalized in its approach.
10.
How can recommendation of a tender outcome be presented? Choose the four that applies
1. Face-to-face conversation
2. An email
3. By submitting a detailed report
4. By presenting a business case
5. Through ITT
6. Through RFQ
11.
Which of the following should be included in a business case when trying to justify a proposed decision for awarding of a contract?
1. Introduction
2. Process undertaken
3. key performance indicator
4. Specification
5. Options
6. Benefits available
7. Costs
8. Risk
9. Recommendation.
12.
An order to achieve the MEAT outcome in the tender process, the assessment material typically include the following except which two?
1. Price
2. Total price of ownership
3. Total cost of acquisition
4. Ethical and sustainable practice
5. Entrant barriers
6. Substitute
7. Suppliers compatibility
8. Method of contract delivery
13.
Which category of item requires the largest amount of time to be spent on assessing proposals?
14.
What should be the total for all weights add up to in a weighted points system of assessment criteria?
15.
Choose from the list below five advantages’ of weightedpoint system.
1. Saving time
2. Trading may be cheap
3. Practical approach
4. Transparency
5. Not ease to manipulate
6. Involves cross-financial terms
7. Higher stakeholder engagement.
16.
Which among the following is not among the common entries in a profit and loss account?
18.
The purpose of balance sheet is to show all of the following except?
19.
Shareholders equity is =?
20.
A balance sheet shows an organization’s __
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