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CIPS-Ethical and Responsible Sourcing L4M4 Paper 9.
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1.
A supplier lists goods for sale online, and potential buyers place bids against the items. The buyer with the highest bid wins the goods. This type of electronic sourcing system is known as?
2.
To ensure effective procurement, there should be a balance between technology usage and personal interaction to:
3.
After categorizing products or services using Kraljic’s matrix, the organization can decide whether the need requires:
4.
Costs linked to outsourcing encompass, select three accurate answers
- Salary of procurement staff
ii. Managing the outsourced contract
iii. Salary of the contract manager
iv. Cost of leadership in contracting
v. Costs related to lead time
vi. Delivery expenses
5.
The ability to meet current needs without compromising the future is called.........
6.
In a factory manufacturing high-quality leather shoes, which product should be sourced strategically?
7.
Evaluating bids from suppliers in terms of quality, price, delivery, sustainability, etc., is known as:
8.
Single sourcing fosters are.......
9.
When negotiating with a single sourced supplier, the expected outcome should be:
10.
The objective of transfer pricing arrangements is to reduce the burden of taxes payable on profits generated.
11.
A document issued by one bank to another, guaranteeing payment against agreed terms, is called
12.
In a make-or-buy decision, if few suppliers are available in the market, the buying organization may prefer
13.
For capital procurement, an organization considers the following to determine the right price
14.
In the outsourcing matrix by Barnes (2008), which matrix will an organization use when entrusting part of its activities to a strategic partner while maintaining some control?
15.
Catering staff of a company that outsources its catering function will be affected by:
16.
A favorable gearing ratio means:
17.
Suppliers create added value for a buying organization during
18.
By reviewing economic indices, procurement professionals can gain insights into
19.
The process described below is best referred to as: A public sector buyer advertises on its website, suppliers who express interest are evaluated using PQQ. The supplier that meets the criteria receives a detailed document, after which the buyer evaluates the offer and chooses the most suitable cost-effective supplier.
20.
The higher the value and complexity of a contract, the more likely it is to be
21.
Restricted tendering is typically used when
22.
Which tendering approach is best suited when the procurement function is unsure of how to deliver the solution?
23.
The purpose of bid assessments is to evaluate which supplier best meets the
24.
The purpose of a balance sheet is to show all except
25.
A cash flow statement shows how an organization.....
26.
Which economic sector commonly uses Invitations to Tender (ITT)?
27.
ITT or RFQ is sent to suppliers that
28.
In the public sector, evaluation criteria must be agreed upon beforehand and presented in the
29.
In contract awarding, the best price may not always be the:
30.
To manage supplier performance effectively against KPIs, the review should be
