CIPS L4M4 Ethical and Responsible Sourcing Online Training
CIPS L4M4 Online Training
The questions for L4M4 were last updated at Feb 05,2025.
- Exam Code: L4M4
- Exam Name: Ethical and Responsible Sourcing
- Certification Provider: CIPS
- Latest update: Feb 05,2025
When conducting a competitive tender, is it appropriate to use a supplier’s credit rating as a criteria for pre-section?
- A . yes- because a low rating would have a negative impact on the company’s reputation
- B . yes- because a low rating would indicate the supplier is financially unstable
- C . no- because a low rating would not affect the quality of the products supplied
- D . no- because a low credit rating would have a negative impact on the supply chain
Which of the following financial ratios would indicate a supplier’s potential exposure risk to a steep rise in inflation?
- A . acid test
- B . current ratio
- C . gross profit margin
- D . gearing ratio
Guillerme is a Category Manager within the procurement department of a Manufacturing company. In his Category there are 200 items he procures, and he has recently undertaken an ABC analysis of these.
Which of the following items would be C category items?
- A . high value items
- B . one-off purchases
- C . tail spent
- D . strategic sourcing
GDP is an economic index that a procurement professional can use to measure economic data.
What does GDP tell you?
- A . the value of public limited companies within a country
- B . the monatary value of the goods manufactured in a financial period
- C . the value of commodities such as steel, oil and wheat at a point in time
- D . average changes in price over a year
FTSE100 and Sensex are examples of what?
- A . stock markets
- B . commodity indices
- C . financial reports
- D . public sector organisations
If a commodity index shows that the price of a commodity is continually rising, what does this indicate about the market?
- A . that there is little demand in the marketplace
- B . demand is exceeding supply
- C . there is a threat of substitution
- D . the marketplace is a monopoly
Which of the following are primary sources of data? Select TWO.
- A . market reasearch commissioned by a rival company
- B . economic indices such as PPI or CPI
- C . published price lists
- D . trade fairs and exibits
- E . phone calls with current suppliers
Commodities are items which can be traded on the stock exchange. These are generally divided into four categories.
What are these four categories?
- A . metals, energy, elements and agriculture
- B . fruit, vegetables, meat and dairy
- C . energy, agriculture, metals, livestock
- D . chemicals, agriculture, metals and livestock
When looking at credit scores, a supplier may be classified as a high risk for reasons that are not linked to poor credit.
Which of the following could these be? Select TWO
- A . The organisation is new
- B . The organisation has no loans or credit cards
- C . The organisation has lots of fixed assets
- D . The organisation does not employ many people
A company’s balance sheet will show you which of the following?
- A . revenue, profit and expenses
- B . equity, assets and liabilities
- C . cash coming in and out of the business
- D . profit, loss and assets
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