Before you begin ✍️
You are about to practice the questions set for
CIPS-Ethical and Responsible Sourcing L4M4 Paper 3.
Please put away any distractions and focus all your efforts on passing.
⏱️Time limit: 1 hour 30 minutes
At the end of your examination practice, you will
📝 View your grade
✅ View the correct answers
NOTE: The answers provided haven't been verified by an official CIPS-affiliated entity, therefore consider discussing your concerns with the instructor or fellow students for clarification.
To begin your exam practice,
wait a few seconds for the start button to appear,
then tap the START button.
"We're rooting for you all the way!" All the best. 😃
1.
The supplier is obligated to deliver the goods directly to the vessel for transport to the specified destination, covering both the transportation and insurance costs. The supplier also assumes all risks until the goods are delivered to the buyer at the agreed location. Which Incoterm best applies in this situation?
2.
The payment mechanism spectrum is used to mitigate payment and delivery risks in international trade. This spectrum includes five mechanisms that benefit the buyer in some cases and the seller in others. From the options below, select the five payment mechanisms that are part of the payment mechanism spectrum:
- Open account
- Closed account
- Term/Time draft
- Sight draft
- Letter of credit
- Cash in advance
3.
Which payment mechanism applies when the supplier delivers goods before receiving payment and expects to be paid based on agreed credit terms, typically within a specific number of days from the invoice date?
4.
Which payment mechanism applies when a guarantee from the buyer's bank ensures the exporting supplier retains title of the goods until the buyer receives them, followed by a brief inspection period before payment?
5.
Which payment mechanism applies when a guarantee from the buyer’s bank ensures the exporting supplier retains title of the goods until the buyer receives and pays for them? The goods must be paid for immediately upon receipt.
6.
Which payment mechanism applies when the buyer pays for the goods before receiving them?
7.
This refers to purchasing foreign currency in advance to prevent financial loss caused by market fluctuations.
8.
This concept states that a person’s behavior, beliefs, and what they consider normal can differ significantly across cultures.
9.
A type of bribe made to facilitate or expedite a process is known as:
10.
The U.k Foreign Corrupt Practices Act (FCPA), established in 1977, addresses corruption related to foreign officials. This act focuses on:
11.
According to research by the Organization for Economic Co-operation and Development (OECD), which four industries are most affected by foreign bribery?
- Defense industry
- Property development industry
- Manufacturing industry
- Mining industry
- Medical industry
12.
The fraud triangle depicts three reasons individuals commit fraud. Which of the following is not one of them?
13.
Select the most common forms of fraud:
- Advance fee fraud
- Corporate fraud
- Identity fraud
- Individual fraud
- Trafficking fraud
14.
Select the online fraud and cybercrime methods used to defraud people:
1. Phishing
2. Account takeover
3. Money muling
4.Official’ request,
15.
This refers to the "spirit" of an age or time, representing cultural norms, values, and behaviors of a particular historical period.
16.
The Universal Declaration of Human Rights, adopted by the United Nations (UN) in 1948, includes 30 articles outlining human rights for all citizens of UN member states. Which article contains the right to freedom?
17.
Which article provides the right to free speech and expression?
18.
Which article grants the right to belief and the freedom to change beliefs?
19.
Which article asserts the right to equality and equal protection of the law?
20.
Where is the right to human rights, which cannot be removed except for specific legal reasons, stated?
21.
In 1948, which document did the UN release to describe human rights?
22.
How many articles are listed in the Universal Declaration of Human Rights adopted by the UN in 1948?
23.
Are human rights guaranteed in every country?
24.
Which organizations provide support regarding potential human rights violations? Choose the applicable ones:
- Local law enforcement organizations
- Amnesty International
- Human Rights Watch
- Equality and Human Rights Commission (UK)
- National Crime Agency (UK)
- Australian Human Rights Commission
25.
Select two benefits of holding a CIPS Accreditation:
- A better understanding of how to carry out ethical, effective business while meeting organizational needs without negatively affecting others.
- It allows you to continue holding CPS membership.
- It gives you global knowledge.
- It provides insight into pricing.
26.
What are the five sections of the CIPS Code of Conduct?
- Enhancing and protecting the standing of the profession
- Promoting the eradication of unethical business practices
- Promoting peace among organizations
- Maintaining high standards of integrity in all business relationships
- Ensuring incoterms are followed in global sourcing
- Enhancing the proficiency and stature of the profession
- Ensuring full compliance with laws and regulations
27.
How can due diligence be undertaken?
28.
What factors for due diligence do Goldman and Schmaltz (2005) prefer?
- Lasting impressions
- First impressions of the supplier
- Product or service quality
- Qualification of product or service providers
- Background check
29.
Who will compile the prequalification questionnaires (PQQ)?
30.
Which of the following is NOT a method used to promote ethical and sustainable practices in operations? Select the option that should be excluded.
