# Managing Ethical Procurement and Suppl 2

Which of the following statements is TRUE about the adjudication form of dispute resolution? Select TWO

Thinking of the UK's equalities legislation as being at the forefront of modern thinking, which of the following are not the protected characteristics are addressed by the UK’s Equality Act, 2010?

What is the market condition called for case-01 Four different companies based in the UK are in the production business for various types of products. While exploring options for sourcing and contract negotiations, these companies face market structure and relative power issues with their suppliers. Case 1: Modern Argo Feed Limited, along with many similar companies, manufactures feed for cattle farms. The main ingredient for this feed is soybean meal, which is supplied by only a few suppliers. In this situation, the buyer is at a disadvantage and may be exploited by suppliers during the negotiation of the soybean meal supply contract for cattle feed manufacturing. Case 2: ARICEPT Pharmaceutical Limited produces specialized medicine for Alzheimer’s patients. This particular type of medicine is produced solely by ARICEPT Pharmaceutical Limited. The main ingredient, donepezil hydrochloride, is available from only one supplier located in Singapore. Therefore, for sourcing decisions, ARICEPT Pharmaceutical Limited must seek a collaborative approach with its supplier. Case 3: Alveria Toy Manufacturing Company produces plastic toys for children. These toys are special because they are made from food-grade plastic, a type of plastic that is produced by only a small number of manufacturers. However, the plastic resin needed for toy manufacturing is available from a large number of suppliers worldwide. For sourcing the plastic resin, Alveria is always in a favorable position, as there are many suppliers to choose from. Case 4: Shortbread Biscuit Manufacturing Company produces biscuit cookies, along with hundreds of other manufacturers. The main ingredients for this product are wheat flour, which is widely available from hundreds of suppliers. When Shortbread Biscuit Manufacturing Company seeks to source wheat flour, the focus is typically on cost savings, as there is ample supply.

What is the market condition called for case-02

What is the market condition called for case-03

What is the market condition called for case-04

What is the position of buyer and supplier according to power/dominance model for case-01

What is the position of buyer and supplier according to power/dominance model for case-02

What is the position of buyer and supplier according to power/dominance model for case-03

What is the position of buyer and supplier according to power/dominance model for case-04

Ruby is a Contracts Manager at ACE Ltd and manages a contract with Spades Ltd which provides raw materials to ACE. She has found a serious issue in Spade's contract. Which TWO process should Ruby complete?

Which of the following is not a core Labor Standard of the ILO?

A letter of intent also known as a memorandum of understanding is a legally binding contractual terms in a commercial contract. Is this statement true?

Which three of the following are notable potential downside risks of global sourcing? Select Three

Charlie is 13 years old and sometimes helps his parents in the corner shop that they run. He helps out stocking shelves at weekends. Charlie attends school and completes his homework during weekdays. Is this an example of Child Labour?

Demand forecasting collect the data about the company's supply capacity for an item, including current and projected supply categorized by industry and product end use. Is this statement TRUE?

The WTO (World Trade Organisation) has several functions. Which of the following is not a function of the WTO?

According to ILO worst forms of child labor convention following are the worst forms of child labor except

In 1999 the UN launched the Global Compact which is a principled based framework to implement sustainable business practices. Which of the following areas is covered by the Global Compact? Select THREE

Once a member of WIETA wants to use a WIETA seal for branding, that member must obey the WIETA principles. Is it True?

Which of the following scenarios would be examples of bribery?

Porter's 'Creating Shared Value' incorporates CSR (Corporate Social Responsibility) with what other action?

Which of the following is an example of a closed-loop supply chain?

A leading coffee retailer has begun an initiative in which it advocates buying raw materials such as coffee beans from farmers rather than using an intermediary such as an exporter. In doing so it is using a partnering approach and helping to invest in the local area. What is this practice known as?

The practice of making statements, usually for marketing purpose that make an organization appear more environmentally friendly than it actually is. This statement is expressed by a terminology. What terminology is this?

In what way do Fair Trade Organisations protect producers of raw materials from poor economic conditions?

Sandra is the CEO of a manufacturing firm and is keen to introduce a CSR Policy, something which her company has not had previously. In a board meeting where the idea was discussed it was mentioned that employees may be resistant to a CSR Policy. What would be the most likely reason for the resistance?

Opportunities for disadvantaged producers and the payment of a local living wage are principles of which organisation?

Roogy Ltd is a small business located in the UK. It is considering implementing its own environmental standard rather than a globally recognised one. What would be the advantage of this?

A procurement team have run a tender to buy new office furniture. They have signified that cost is the most important factor of the purchase. What is the main risk of this?