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CIPS-Ethical and Responsible Sourcing L4M4 Paper 6.
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1.
A cleaning company purchases 1000 toothbrushes, so we can clean the gout in showers. Severaltoothbrushes break and now the consumer wants to claim a full refund under the Consumer Right Act, 2015 because they are not fit for purpose. Will the claim be successful?
2.
Tariffs and import duties imposed on a buying organisation for goods purchased from an international supplier provide benefit to
3.
It is correct to suggest that price is the most important contract award criterion when sourcing requirements from suppliers?
4.
The control of gifts and hospitality to ensure that they do not have a corrupt purpose can be achieved through which international standard
5.
Sourcing is part of the generic procurement cycle, and is likely to be used in conjunction with the following activities. Select two that apply
6.
An organization has decided to use reverse e-auction approach to procure a number of items at a competitive price. Is this form of e-auction the best approach to use?
7.
When assessing financial performance of a potential supplier it is important to understand how much gross profit they are making. The Gross profit margin ratio uses which of the following pieces of information from the balance sheet (statement of financial position). Select two that apply
8.
ncoterms 2010 is a set of international commercial terms which includes eleven predefined terms which are referred to using three letter designators. These are linked with the point where ownership, risk and responsibility for the goods pass from the seller to the buyer. Which incoterms represent the greatest risk for the seller and buyer? Select two that apply.
9.
International sourcing has continued to increase due to technogical advancement and region specific competitive advantages, among other factors. Incoterms is set of contractual terms that can be adopted into international contracts designed to be interpreted on a worldwide basis. Incoterms are structured in four broad groups of increasing responsibility for the seller. These four groups of incoterms are identified by which four letters?
10.
Stephen is drafting a business case to support the outsourcing of domestic services. Which of the following is a factor to support the decision of outsourcing an activity?
11.
Buyers can obtain information on suppliers and the supply market. Which of the following is a secondary source of market data?
12.
Faisal is a Medical Equipment Maintenance Services Procurement specialist within a local hospital. Faisal is responsible for ensuring contracts are in place that will ensure operational continuity and patient safety to high value pieces such as radiology equipment. When carrying out tender opportunities for these services, Faisal will include as an essential requirement that certain standards are adhered to. Which of the following is a benefit of incorporating standards as a requirement within a specification?
13.
Azram is a facilities category buyer within the UK police force and its managing an overseas sourcing project for police uniform and personal protective equipment. Azram is of the opinion that international sourcing will help deliver much needed financial savings which can be utilised in other areas of the UK police force. Azram is aware that exchange rate fluctuations can create risk for his organisation. How can Azram remove this risk?
14.
Stephen is writing a business case to promote implementing an e-tendering system within his procurement department. Which of the following benefits would an e-tendering system offer?
1. Minimal initial investment costs
2.Guaranteed security on confidential information
3. Consistency of tendering procedures
4. Support cross functional working
15.
Ratios can be used to analyse supplier financial standing, strength and stability. Which of the following are measures of a supplier's profitability? Select two that apply?
16.
Avram is a buyer for a private sector electrical components company and has been asked to deliver training to internal members of staff promoting the advantages of his team conducting competitive bidding processes on behalf of his organisation. When is a competitive bidding appropriate? Select two that apply
17.
A procurement manager has decided to use global social compliance program, GSOP, for assistance with their audit work. Was this the right thing to do?
18.
What are important ethical weightings that might be included in non cost assessment criteria? Select two that apply
19.
Total construction Limited has decided to incorporate sustainability criteria to their selection procedures. However, they have assessed that there may be a number of selection process issues that arise from this. Which of the following may be a likely issue?
20.
Which of the following are indicators of responsible purchasing from a buyer's perspective in ensuring Human Rights in the supply chain?
1. working towards minimum safety standards
2. Identification of specification and delivery dates
3. Long term; stables risk sharing with the supplier
4. Managing work practices to support the supply chain
21.
The Directors of Harvey Consultants have instructed their procurement manager that in order to gain further value for money for the business, e-aution methodology should be investigated and undertaken thereafter for any appropriate goods and services. Which of the following is likely to be the first criteria set in the e-aution process?
22.
Young's Tool Manufacturing has decided to purchase a new CEO's chair, with their own corporate design displayed. As the best value for money supplier is based in a different country, Young needs to complete the appropriate documentation for customs. As the item will be used for Young's own internal business consumption, which type of document should they produce from the following?
23.
Harper Blinds is about to use a new supplier establish in a different country. The supplier will be providing metal brackets that will be used for the assembly of the blinds at the final stage of the manufacture. The import documentation will be produced by the importer. Of all the different types of import documentation, which is considered to be the most important document that certify the sales?
24.
Duty and tariffs may be imposed on goods that are imported through a country's customs portals. Tariffs are different to Duty in which of the following?
25.
Gear Enterprise are an international company who have decided to purchase bulk technical equipment from a supplier they have previously used. It is director's intention to warehouse this equipment at the point of import as soon as it arrives with customs. The director is Keen that the company should be able to request the consignment in part quantities from the customs warehouse. Which of the following documentation should the company complete for this purpose?
26.
Which is the preferable method of achieving sustainability?
27.
An organisation wants to measure it's Triple Bottom Line. Which of the following should be considered to best help achieve this goal?
28.
urrent ratio is a short term liquidity ratio that might be used to compare a potential supplier's current assets with current liabilities to determine the financial stability. Which of the following balance sheet (statement of financial position) items are likely to be identified as current assets for the purchase of calculating the current ratio. Select two that apply?
29.
Simon has written a business case to support the introduction of an e-tendering system for the procurement department within his organisation. Which of the following are advantages of adopting e-tendering system? Select two that apply
30.
Simon has written a business case to support the introduction of an e-tendering system for the procurement department within his organisation. Which of the following are advantages of adopting e-tendering system? Select two that apply.
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