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CIPS-Ethical and Responsible Sourcing L4M4 Paper 2.
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1.
The manner in which an organization advertises its requirements can be influenced by various factors. Select all that apply:
- Contract value
- Strategic significance of the contract
- Urgency of the requirement
- Available resources
- Supplier availability
2.
The RFI (Request for Information) process involves:
3.
A Prequalification Questionnaire (PQQ) is a form of RFI. Which of the following information does an RFI collect about potential suppliers?
1. Financial position
2. Capability
3. Capacity
4. Mission and vision
5. Ethical and sustainability policies
6. Initial investment.
4.
RFQs (Request for Quotation) are sent to:
5.
An RFQ seeks to assess which supplier can achieve the procurement objectives most cost-effectively. Which of the following are the key reasons for sending an RFQ?
- To understand the supplier
- Obtain cost for comparison
- Sent to a broad supplier base
- Sent to pre-qualified suppliers
- Aid in strategy development
- Help to obtain the best supplier value
- Informal process
- Formal process
- Generic
- Specific
-
6.
Which of the following are key reasons for sending an RFI?
- To learn about the supplier
- Obtain cost for comparison
- Sent to a large and varied supplier base
- Sent to pre-qualified suppliers
- Aid in strategy development
- Help to achieve best supplier value
- Informal process
- Formal process
- Generic
- Specific
7.
Which tendering approach is most suitable for a procurement function that is uncertain how to deliver a solution to the business need?
8.
How does a cross-functional team assist procurement professionals when analyzing bids?
9.
Why should each stage in the tender process be formalized?
10.
How can the recommendation of a tender outcome be presented? Choose the four applicable options:
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 justifying a proposed decision for awarding a contract?
1. Introduction
2. Process undertaken
3. key performance indicator
4. Specification
5. Options
6. Available benefits
7. Costs
8. Risk
9. Recommendation.
12.
In order to achieve the MEAT (Most Economically Advantageous Tender) outcome, the assessment materials typically include the following, except for:
1. Price
2. Total price of ownership
3. Total cost of acquisition
4. Ethical and sustainable practice
5. Entry barriers
6. Substitute
7. Suppliers compatibility
8. Method of contract delivery
13.
Which category of items typically requires the most time for assessing proposals?
14.
What should the total for all weights add up to in a weighted points system of assessment criteria?
15.
Select five advantages of the weighted points 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 of the following is not a common entry in a profit and loss account?
17.
Net profit is calculated as:
18.
The purpose of the balance sheet is to show all of the following, except:
19.
Shareholders' equity is calculated as:
20.
A balance sheet provides a snapshot of an organization's:
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