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CIPS-Ethical and Responsible Sourcing L4M4 Paper 5.
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1.
If the buyer is not ready to issue a call for competition but wants to inform suppliers that one will be issued in the future, the buyer may instead publish a:
2.
Which of the following is NOT one of the three stages in the procurement process under the UK Public Contract Regulation 2015?
3.
The UK Public Contract Regulation 2015 specifies the minimum time periods within which the buyer must accept tender submissions. What is the minimum number of days to receipt tenders for an open procedure when there was a prior information notice (PIN)?
4.
In the private sector, organizations are divided into four economic sectors. Which of the following is NOT one of these sectors?
5.
Which economic sector includes organizations focused on research and the development of knowledge and innovation?
6.
High-street shops and professional service firms like legal practices operate within which specific economic sector?
7.
What are the three types of activities that NGOs in the not-for-profit sector undertake?
- Provide ethical labor laws for members
- Fund caregiving activities and provide other support for people in need
- Highlight topical issues or causes and actively campaign to correct them
- Represent or provide a service to subscribing members
8.
What is the term for an economic alliance formed by neighboring countries to promote favorable trade terms among themselves?
9.
What is the term for regulations that control the kinds of goods, their allowed quantities (via quotas), and the tariffs applied when importing them from certain nations?
10.
Trade blocs may exist in different forms
11.
Under the Dispute Settlement Understanding (DSU), the framework governing international trade disputes includes all of the following elements except:
12.
The quantity of something in international trade, referring to the amount of a commodity being imported or exported, is called:
13.
Which of the following is NOT a function of customs control agencies?
14.
What does the acronym CHIEF stand for in full?
15.
Within the European Union (EU) and European Economic Area (EEA), which two main classifications of origin are used to define the status of goods entering or passing through these regions?
16.
Which of the following is not considered a standard document used to support international import and export processes?
17.
Which of the following is not a valid reason for placing limits on the quantity of specific categories of goods imported into a country?
18.
The estimated value of goods imported, based on the value of the goods plus insurance, freight, and other costs, is called:
19.
Which one of the following does not represent a form of duty relief applied to goods brought into the United Kingdom?
20.
The International Chamber of Commerce (ICC) issues a set of global trade guidelines called Incoterms. A major benefit of using Incoterms is their ability to simplify contracts by replacing complex wording. When an Incoterm is specified in an agreement, what key aspect of the transaction does it define?
- The supplier's premises and location
- The point the goods will be considered to have been delivered
- Party responsible for transportation and the forms it takes
- Party responsible for insuring the goods and arranging the insurance
- Which party is responsible for making duty and tariff arrangements and ensuring customs clearance
21.
When goods are considered ‘delivered’ at the point of release from the supplier’s premises or another place, and the buyer is responsible for export clearance, which Incoterm applies?
22.
Under which Incoterm does the supplier's responsibility end once the goods are handed over to a carrier selected by the buyer, with all risk transferring to the buyer at that point?
23.
The supplier is responsible for delivering the goods to a carrier or an agreed intermediate place. From that point, the buyer ensures the goods reach their destination. Which Incoterm applies?
24.
Which Incoterm applies when the seller arranges delivery to a designated carrier or agreed location and also covers minimum insurance until that point, after which the buyer assumes responsibility?
25.
The seller is accountable for transporting the goods to a specified port or terminal at the destination and must handle unloading. Responsibility then shifts to the buyer. Which Incoterm best fits this scenario?
26.
The seller takes full responsibility for transporting the goods directly to the buyer’s location, including all costs and risks until delivery is complete. Which Incoterm corresponds to this arrangement?
27.
The seller is obligated to deliver the goods directly to the buyer’s premises, covering all transport costs, import duties, and customs clearance, while assuming full risk until the goods arrive. Which Incoterm is applicable in this case?
28.
The seller must ensure the goods are positioned beside the buyer’s chosen vessel at the specified port. Once the goods are placed alongside the ship, all risk passes to the buyer. Which Incoterm does this scenario describe?
29.
The seller is obligated to load the goods onto the buyer’s nominated ship at the agreed port of shipment. Once the goods are on board, the risk shifts to the buyer. Which Incoterm best fits this arrangement?
30.
The seller must deliver the goods onto the vessel and pay for this delivery, but the risk passes to the buyer as soon as the goods are on board. Which Incoterm describes this?
