Before you begin ✍️
You are about to practice the questions set for
Ethical Procurement and Supply L5M5 Paper 1.
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. 😃
Which concept reflects the challenge organizations face in balancing profit maximization with the need to adopt strategies for community development?
What are the possible benefits of engaging in responsible procurement? Select the appropriate choices.
- Consistent supply security due to increased supplier base
- Enhanced business reputation and customer loyalty
- Cost savings due to the application of lifecycle costing
- Reduction of staff retention for the organisation
Choose the THREE options that represent different forms of modern slavery.
Would it make sense for a manufacturing organization to adopt a sustainable procurement policy?
How can equality be fostered in the supply chain? Choose the relevant methods.
- Trust
- Respect
- Encouragement
- Integrity
Given that modern slavery affects many supply chains, how can consumers contribute to its eradication?
1. Communicating with suppliers who use modern slavery about best operation practices
2. Boycotting the goods produced from modern slavery and child labour
3.Keeping close working relationship with suppliers to identify those who use modern
slavery
4.Buying products that have been certified fair trade
Select the TWO offences that are considered significant under the Bribery Act 2010.
What is the most likely motivator for a large manufacturer, using rare materials, to place greater emphasis on sustainability in order to secure its supply chain?
What warning signs should be looked for when identifying potential modern slavery?
- Workers being forced to work
- Workers and staff receiving very low pay
- Roles requiring few qualifications
- An organisation renting small accommodation
With its presence in key city centres and airports, Hi-Fashion Brand (HFB) is addressing reputational risks in its supply chain by choosing to work only with suppliers who meet the Ethical Trading Initiative, as these suppliers are most likely to...
How can procurement professionals handle language and cultural barriers when engaging in global sourcing?
- Thorough research about exchange rate fluctuations
- Choosing location carefully and considering compatibility
- Improving one’s foreign language skills
- Ensuring proper documentation for all the imports to comply with regulations
How can labour standards be managed in the supply chain? Select the THREE applicable options.
With substantial investments in sustainable practices and advertising, ABC, a market leader in consumer products, aims to promote its efforts. What is the expected reward for ABC from these actions?
What are the potential risks associated with sourcing from low-cost countries?
- High material cost due to high cost of production
- Significant risks to intellectual property
- Currency fluctuations and volatilities
- Lack of economies of scale
Workers at DTRD Manufacturers, a fertilizer company, have complained about working without proper safety masks to protect them from toxic gases. What are the potential consequences for the company if they do not address these health and safety concerns?
What are the main drivers behind the decision to source from low-cost countries?
- Cost reduction
- Relationship improvement
- Quality improvements
- Stakeholder engagement
Do technological advancements contribute to the expansion of globalization?
What will the organization need to do to successfully address and manage demand?
- Organisation must be prepared to respond to volatile events
- Organisation must keep their warehouses full of safety stock to meet demand effectively
- Organisations must divert funds from other operational activities in order to acquire inventories
- Organisations must involve stakeholder in the process for real time information about demand
Can stakeholder engagement be considered a key component in managing demand for an organization?
What are the types of supply chain forecasting that organizations can adopt? Select the THREE options that apply.
While low-cost country sourcing can bring cost reductions and savings to a buyer, it also carries significant risks. Which of the following should be avoided when selecting a target for low-cost country sourcing?
- A country where there are established political standards and economic stability
- A country that is remote geographically but with good transportation routes
- A country where there are incompatible legal regimes for handling contract disputes
- A country where there are no established quality or human rights standards
Which of the following performance goals are crucial when conducting low-cost country sourcing? Select the THREE that are most important.
What types of supply chain mapping are available for organizations?
- Value stream mapping
- Value chain mapping
- Operational activity mapping
- Stakeholder mapping
What types of relationships are appropriate for parties with no intention of developing a close collaborative connection?
- Closer tactical
- Arm’s length
- Co-destiny
- Transactional
In order to enhance efficiency, supply chain mapping is necessary to...
Please proceed to view your grade. Fingers crossed🤗
