PASS GUARANTEED 2025 CIPS FIRST-GRADE L4M4: ETHICAL AND RESPONSIBLE SOURCING RELIABLE EXAM PASS4SURE

Pass Guaranteed 2025 CIPS First-grade L4M4: Ethical and Responsible Sourcing Reliable Exam Pass4sure

Pass Guaranteed 2025 CIPS First-grade L4M4: Ethical and Responsible Sourcing Reliable Exam Pass4sure

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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 the key processes that can be applied to the analysis of potential external suppliers:
Topic 4
  • 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.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q81-Q86):

NEW QUESTION # 81
'Phishing' is an activity that can occur when an employee within an organisation receives an email that appears to be from a genuine supplier but is false. These types of emails expose the organisation to the activities of expert cyber criminals. Which type of crime category does this activity fall within?

  • A. Human rights
  • B. Corruption
  • C. Fraud
  • D. Bribery

Answer: C

Explanation:
Phishing is categorized as fraud because it involves deceptive practices to gain sensitive information or financial benefits. Responsible sourcing includes ensuring that cybersecurity measures are in place to prevent fraud and protect sensitive information within supply chains.


NEW QUESTION # 82
A company has a low gearing of 20%. This shows that the company relies on equity capital and should therefore have less difficulty coping during tough economic times. Is this statement TRUE?

  • A. Yes- a low gearing ratio shows that the business is solvent and can deal with supply chain disruptions easily
  • B. Yes- a low gearing ratio means the company's finances are made up of equity rather than debt
  • C. No- a low gearing shows you that a company isn't likely to be profitable
  • D. No- a low gearing suggests that the company is financed by long-term debt rather than equity

Answer: B

Explanation:
the correct answer is 'Yes- a low gearing ratio means the company's finances are made up of equity rather than debt'.
Remember low gearing = good (based on equity), high gearing = bad (based on debt). Anything over 50% is considered high.
The two no answers are therefore incorrect and you can discount these straight away. The other yes answer is one of those answers which COULD be true, but isn't always true, and we'd need more information to know for sure. When you get options like this there will be one that is always right and one which is sometimes right - so always pick the always right one.
Dealing with supply chain disruptions is complex, and depending what the disruption is, how big it is, what the industry is etc determines whether a supplier can handle it or not. Because there's more factors to consider than just gearing, this isn't the right answer.


NEW QUESTION # 83
Elaine works for a British manufacturer of confectionary (sweets/ candy) items. One of the key ingredients is cocoa powder, which cannot be grown in the UK. Elaine therefore needs to look abroad for suppliers. Which of the following are risks that Elaine needs to consider when sourcing internationally? Select THREE

  • A. ethical behavior
  • B. cultural differences
  • C. currency exchange fluctuations
  • D. export tariffs
  • E. shortened lead times

Answer: A,B,C

Explanation:
The correct answers are; currency exchange fluctuations, ethical behavior and cultural differences.
Shortened lead times is not correct because sourcing internationally would result in longer lead times. Export tariffs is not correct as Elaine is importing the items into the UK, not exporting them.


NEW QUESTION # 84
Zeb is a Procurement Manager at Zig Zag Zips manufacturing. The organisation has a complex supply chain and works with 46 different suppliers, many of these international. Which of the follow-ing would be the most useful for Zeb to address issues of Modern Slavery?

  • A. work with less suppliers to reduce the risk of slavery entering the supply chain
  • B. ensure all 46 suppliers publish an Anti Slavery Statement in line with the Modern Slavery Act
  • C. ask all suppliers to get Fair Trade accredited
  • D. carry out regular due diligence checks on the supply base

Answer: D

Explanation:
Carry out due diligence is the correct answer. The other answers are incorrect:
- ensure all 46 suppliers publish an Anti Slavery Statement in line with the Modern Slavery Act is wrong because thequestionstates that some suppliers are international. The legislation is UK, meaning international suppliers don't have to do the statement. It also only applies to companies with a turnover of £36m, and some of Zeb's suppliers may be smaller than this.
- work with less suppliers to reduce the risk of slavery entering the supply chain is a silly answer be-cause Zeb probably needs all of his suppliers. There's probably a reason he uses that many.
- ask all suppliers to get Fair Trade accredited is also a silly answer. Fair Trade only exists in some industries such as cocoa and bananas. Zig Zag Zips is in manufacturing so it's probably not going to be able to fairtrade accredit some of the stuff it buys.


NEW QUESTION # 85
A buyer is only interested in working with suppliers who have strong Environmental and Social Governance practices. It is therefore using ethical criteria as supplier selection stage to determine which suppliers to work with. Which of the following statements is true?

  • A. compliance with Codes of Conduct from professional bodies is mandatory
  • B. ethical behaviour is impossible to determine as issues such as Modern Slavery often go undetected
  • C. the buyer should ask suppliers to be accredited to ISO9001
    a supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs

Answer: C

Explanation:
A supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs is the correct answer.
The other options are wrong:
1) Compliance with Codes of Conduct from professional bodies is optional. E.g. CIPS - no organi-sation is forced to comply with CIPS.
2) Unethical behaviour is not impossible to detect, it may be difficult but with correct due diligence and things like audits it's completely possible
3) ISO 14001 is quality management so is irelevent.


NEW QUESTION # 86
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