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CIPS-Ethical and Responsible Sourcing L4M4 Paper 19.
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1.
Which of the following represent the three pillars of sustainability? (Select three)
2.
In the private sector, a key characteristic of innovative procurement is the increasing extent to which the interests of parties have become more...
3.
‘Not for Profit’ and ‘Third’ are:
4.
A critical factor impacting procurement in third-sector organizations is the need to perform a ‘stewardship’ role, which means:
5.
The concept of Value for Money (VFM) is defined as:
6.
Strategic objectives offer:
7.
Procurement can positively impact organizational profitability by:
8.
Which of the following accurately describes organizations in the private sector?
9.
The term ‘PLC’ denotes an organization in which sector?
10.
A Memorandum of Understanding (MOU) is a document that establishes:
11.
What is the counterpoint to the idea that larger organizations can always take advantage of economies of scale?
12.
Clubs, supporters’ groups and voluntary societies are examples of:
13.
From an ethical standpoint, the best response to cash flow issues typically faced by SMEs is to
14.
Traditional thinking holds that larger organizations can capitalize on economies of scale. The opposing view to this idea is known as:
15.
Which sector is most associated with compulsory open tendering processes?
16.
‘Profit per share’ measures:
17.
A Trust Deed is typically used as a foundational document in which sector?
18.
A scenario where collaboration between parties leads to better outcomes than individual efforts is called:
19.
A 'license to operate' is issued by:
20.
The study of economic activity at a broader, national or global scale is known as:
21.
Michael Porter’s 'Five Forces' model identifies the competitive pressures in an industry. The five forces are:
22.
A monopoly supplier is also known as a:
23.
At the ‘decline’ stage of the product life cycle, a buyer would typically expect:
24.
A market characterized by many buyers and sellers, with complete transparency for all parties, is known as:
25.
Consumers who prefer to adopt new technologies early in their lifecycle are called:
26.
When a buyer determines that demand for a product is highly inelastic, it means:
27.
Coca-Cola and Pepsi-Cola represent an example of
28.
In economic terms, butter and margarine are considered
29.
OPEC (Organization of Petroleum Exporting Countries) is an example of a:
30.
At which stage of the product life cycle does a supplier begin to make a profit from a new product?
31.
‘Monopoly’ and ‘oligopoly’ are examples of:
