PASS L4M4 EXAM WITH THE BEST ACCURATE L4M4 EXAM TOPICS BY EXAMSLABS

Pass L4M4 Exam with the Best Accurate L4M4 Exam Topics by ExamsLabs

Pass L4M4 Exam with the Best Accurate L4M4 Exam Topics by ExamsLabs

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Tags: L4M4 Exam Topics, Pass4sure L4M4 Dumps Pdf, L4M4 Lab Questions, L4M4 Test Questions Pdf, L4M4 Reliable Exam Papers

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CIPS L4M4 Exam Topics & ExamsLabs - Certification Success Guaranteed, Easy Way of Training

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CIPS L4M4 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Understand compliance issues when sourcing from suppliers: It explores legislative, regulatory, and organizational requirements for sourcing. It compares the use of audit and other mechanism of feedback.
Topic 2
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 3
  • Understand options for sourcing requirements from suppliers: This section covers the sourcing process, approaches, options, and award criteria for obtaining requirements from suppliers. The sub-topics provide a foundation for strategic sourcing.
Topic 4
  • Understand the key processes that can be applied to the analysis of potential external suppliers:

CIPS Ethical and Responsible Sourcing Sample Questions (Q116-Q121):

NEW QUESTION # 116
Which award criteria can be applied when sourcing requirements from external suppliers?

  • A. Delivery promises of goods
  • B. Plans and manpower numbers
  • C. Understanding of supplier operations
  • D. Price and total life-cycle costs

Answer: D

Explanation:
Evaluating total life-cycle costs, including initial purchase price and long-term maintenance, aligns with ethical sourcing by promoting cost-effective and sustainable procurement. It ensures value for money and supports environmentally and financially responsible sourcing practices.


NEW QUESTION # 117
Which of the following are key areas of regulations that govern organisations in responsible procurement and supply?

  • A. Ethical practice, data protection and marketplace competition
  • B. Digitisation, artificial intelligence and innovations
  • C. Company culture, product branding and staff uniforms
  • D. Competitive pricing, unsecured business loans and threats of new entrants

Answer: A

Explanation:
Responsible procurement and supply are governed by several key regulatory areas to ensure ethical and fair practices. These include:
* Ethical Practice:Ensures that organisations conduct business in a manner that is ethical and free from corruption.
* Data Protection:Involves safeguarding personal and sensitive information, ensuring compliance with laws such as the General Data Protection Regulation (GDPR).
* Marketplace Competition:Ensures fair competition among businesses, preventing monopolies and promoting consumer choice.
These areas are critical in maintaining integrity, trust, and compliance within procurement activities.
Exact Extract from Study Guide:
"Key areas of regulation that organisations must follow include data protection, ethical practice, health, safety and environment, worker rights, marketplace competition, and product safety standards."


NEW QUESTION # 118
Which of the following is not a type of fraud that procurement professionals should be vigilant for?

  • A. identity theft
  • B. kickback
  • C. phishing
  • D. coersion

Answer: D

Explanation:
Coercion is not a type of fraud. The other three are.


NEW QUESTION # 119
Incoterms describe several aspects and responsibilities of transporting goods when sourcing internationally.
Which of the following is described by Incoterms? Select THREE.

  • A. how much the transportation will cost
  • B. which party arranges insurance
  • C. who is responsible for making duty and tariff arrangements
  • D. what form of transportation will be used
  • E. how long the transportation will take

Answer: B,C,D

Explanation:
Incoterms describe who out of the buer and seller; organises transport and what type of transport this is, who pays for insurance, and who organises duty / tariff arrangements when the goods go through customs. See p.131. Note- some students report a lot of questions on Incoterms in the exam, some say they only had 1. If you can, I'd learn them just to be safe.


NEW QUESTION # 120
Ivan is an investor who is looking to invest in new businesses. He is reviewing several companies and working out what his equity would be. Which of the following does Ivan need to know to calculate shareholder equity?
Select TWO.

  • A. total assets
  • B. net income
  • C. total liabilities
  • D. net profit

Answer: A,C

Explanation:
Shareholder Equity = Total Assets - Total Liabilities


NEW QUESTION # 121
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