Before you begin ✍️
You are about to practice the questions set for
CIPS-Ethical and Responsible Sourcing L4M4 Paper 9.
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. 😃
A supplier offers goods for sales on the internet and potential customers place bid against the items, the buyer that has put in the highest value bid wins the goods, the electronic system of sourcing is known as?
There should be a balance between the use of technology and interpersonal contract to ensure?
After categorizing the product or service according to kraljic’s matrix, the organization can make decision whether the need requires
Cost associated with outsourcing includes, select three correct answers
i. Procurement staff salary
ii. Management of the outsourced contract
iii. Contract manager salary
iv. Contracting cost leadership
v. Lead time cost
vi. Delivery cost
Ability to meet needs of the present without compromising the needs of the future is called ……..
In a factory that manufactures high leather shoes, which of the products below should be sourced using high strategic approach
An evaluation of bids returned by suppliers to buying organization was carried out to determine the quality, delivery, price, sustainability etc. This process is called
Single sourcing encourages …….. type of relationship approach
If negotiation takes place with a single sourced supplier, the outcome must be
The objective of transfer pricing arrangement is to reduce the burden of ……. payable on profits that are generated.
A document issued from one bank to another to act as guarantee of payment against agreed terms and conditions including the presentation of complaint documentation is referred to as?
In make or buy decision, if there are few suppliers in the market place, the buying organization may prefer the option of …
For capital procurement, organization will consider …… in determination of right price
In the use of outsource matrix based on Barnes (2008, on which matrix will organization entrust part of their activities to a strategic partner while keeping an element of control
Catering staff of a catering company that outsourced their catering function will be affected by
If gearing ratio gives a favorable result, it means
Suppliers achieve added value for a buying organization during?
By reviewing the economy using indices, procurement professionals can gain insight into?
Which of the approach best describes the process below? A buyer in public sector advertised on it’s website, suppliers that have expressed interest are evaluated using PQQ, the supplier that meets the criteria then received a detailed document. On analysis, the buyer evaluates the offer & chooses the most suitable cost effective supplier
The higher the value and more complex the contract, the more likely it is?
Restricted approach is used where?
Which tendering approach would best be suited to a procurement function that did not know how it was going to deliver the solution to the business need
The purpose of assessment of bids submitted by suppliers is to evaluate which supplier best meets
The purpose of balance sheet is to show the following except
Cash flow statement indicates how an organization
Which economic sector frequently uses invitation to tender.
ITT or RFQ is sent to suppliers that
In public sector, the evaluation criteria need to be agreed beforehand and must be presented in the
In the award of contract to successful supplier, the best price may not be the?
In order to effectively manage supplier performance and contractual obligation against KPI, KPI should be reviewed
Please proceed to view your grade. Fingers crossed🤗
