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CIPS-Ethical and Responsible Sourcing L4M4 Paper 8.
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1.
In a make-or-buy decision, if numerous suppliers are available in the market, the organization is likely to choose:
2.
Multiple sourcing is generally employed under these scenarios except:
3.
Which of these is not a common selection criterion for suppliers?
4.
Continuous improvement involves all the following steps except:
5.
Methods to evaluate how quality is managed by suppliers include assessing their commitment to:
6.
The purpose of conducting financial checks on suppliers is to prevent all of the following except:
7.
The primary purpose of analyzing financial ratios is to:
- Gain insight into market dynamics.
- Monitor a company’s performance to identify trends and increase awareness.
- Review the financial history of an organization.
- Benchmark a supplier's performance against competitors to achieve a competitive edge.
8.
Gathering and evaluating information on potential suppliers is a key step in:
9.
Suppliers can be categorized into A, B, or C based on their __ to the purchasing organization:
10.
Economic forces such as __ and __ significantly influence price fluctuations:
11.
During negotiations, a buyer’s position improves when the supplier’s __:
12.
If demand is high and supply is scarce, the buyer’s negotiation position becomes:
13.
Lack of knowledge of commodity pricing by a buyer could lead to:
14.
Tender or quotation evaluation criteria typically include all of the following except
15.
An RFI is used to gather supplier information on all of the following except
16.
A new buyer, Ying-Mac, is preparing a business case for tendering. The case should include all the following except
17.
Formalizing tender stages ensures that
18.
In ABC analysis, if supplier A accounts for 20% of the organization’s expenditure, they represent
19.
Market and supplier research data can be classified as
20.
Experts forecast commodity prices using factors such as
I. Past trends and data
II.Market share of key players
III.Supply and demand dynamics
IV.Online resources and platforms
V.Global events and their impacts
VI.Economic conditions and indicators
21.
A supplier entering a market with unmet demand would likely experience
22.
RFI/PQQ is not mandatory before issuing an RFQ:
23.
When an end user identifies a lighting need, specifying the bulb type, payment terms, and timing, this aligns with:
24.
For high-value and complex contracts, the preferred approach is:
25.
A procurement function that did not know how it was going to deliver the solution, to the business need will use which of the tendering approach
26.
A team that involves people from different department within an organization is a __
27.
The purpose of assessment of supplier is to evaluate which supplier best meet the following
28.
Net profit is mathematically expressed as?
29.
Ratios can show financial information about?
30.
A procurement professional should understand the procuring organization’s __ so as to ensure that added value is sought.
