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CIPS-Ethical and Responsible Sourcing L4M4 Paper 18.
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1.
A large public organization needs to award a high-value service contract. Procurement processes for this body are regulated. After conducting market research, it has identified many potential suppliers. The primary goal is to find the most suitable supplier. Which approach would be the most appropriate in this scenario?
2.
Including specific brand names in a specification can limit the number of potential suppliers and raise prices, making competition less effective.
3.
"Not-for-profit organization" and "third sector" are terms that describe:
4.
Which of the following accurately describes organizations in the private sector?
5.
A compulsory open tendering process is common in which sector?
7.
Are tariffs, which regulate types, volumes, and import duties of goods, true or false?
8.
Import duties are fees paid to allow goods to exit a country.
9.
International trade often carries higher risks than domestic trade. However, knowledge of laws, cultural practices, and trade documentation can mitigate this risk.
10.
A non-governmental organization (NGO) operates independently of any government.
11.
Maintaining stakeholder satisfaction is crucial, regardless of which sector the organization belongs to
12.
Which incoterm applies to all forms of transportation and carries the highest risk for the buyer?
13.
Which of the following documents are important for facilitating international trade? Select all that apply:
1. Purchase order
2. Bill of lading
3. Insurance certificate
4. Certificate of origin
5. Carnet
14.
Import duties are taxes that apply when goods are brought into a country from abroad.
15.
Duty charges can be found in the tariffs, which are rules set by a country that determine the quantity and types of goods allowed to be imported.
16.
Tariffs apply to imports of specific commodities from named countries.
17.
Ad valorem is the method used to estimate the value of goods for the following purposes:
1. To calculate the duty owned to the local customs agency.
2. To calculate the import value added Tax (VAT).
3. To support-trade statistics in line with tariff requirements.
4. To calculate the Export Value Added Tax (VAT)
18.
One of the biggest advantages of using incoterms is that they can replace lengthy contractual clauses. When included in contracts, they cover the following
- The point at which goods are considered delivered
- Which party is responsible for organizing transportation and the type of transportation
- Which party pays for insurance and arranges it
- Which party handles duty, tariffs, and customs clearance
19.
Which incoterm means the supplier is responsible for delivering goods to the buyer’s premises, including arranging customs clearances and bearing all risks up to that point?
20.
Which of the following is NOT a payment mechanism in international trade?
21.
The following are impacts of currency fluctuations on sourcing. Select the correct one:
1.The foreign exchange market.
2.Access to the currency.
3.Ability to make and receive payments
4.General conditions
22.
Which of the following impacts international ethical standards on procurement and supply? (Select three):
23.
Which of the following practices support ethical procurement? (Select three):
24.
Corruption can take many forms, such as bribery and theft.
25.
A gift and hospitality policy should include which of the following? (Select the incorrect statement):
26.
Fraud can take the following forms. Select three:
27.
What are the benefits of holding a CIPS accreditation?
28.
The CIPS Code of Conduct comprises five sections. Which of the following are included? (Select five)
29.
Scope creep occurs when the original scope of a project or specification is exceeded, either deliberately or accidentally, leading to the inclusion of elements that were not initially intended.
30.
Conflicts of interest are not declared to incriminate individuals
