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CIPS Updated L4M4 Exam Questions and Answers by izabella

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CIPS L4M4 Exam Overview :

Exam Name: Ethical and Responsible Sourcing
Exam Code: L4M4 Dumps
Vendor: CIPS Certification: CIPS Level 4 Diploma in Procurement and Supply
Questions: 180 Q&A's Shared By: izabella
Question 24

Commodities are items which can be traded on the stock exchange. These are generally divided into four categories. What are these four categories?

Options:

A.

metals, energy, elements and agriculture

B.

fruit, vegetables, meat and dairy

C.

energy, agriculture, metals, livestock

D.

chemicals, agriculture, metals and livestock

Discussion
Question 25

A buyer is responsible for the procurement of metals within the raw materials department. The buyer is preparing for next year’s purchase orders and has been asked to confirm the month of order placement. The buyer has found three trends:

    In January and April, the supplier's local currency is stronger

    November typically has the lowest demand

    May typically has the highest demand

Which month should the buyer plan to place the purchase order?

Options:

A.

November

B.

May

C.

January

D.

April

Discussion
Question 26

When selecting a supplier on technical merit, its important that the supplier is a good 'functional fit' for the organisation. What is meant by 'functional fit'?

Options:

A.

the supplier is able to adhere to the same ethical standards

B.

the supplier is able to work at the same technical level as the buyer

C.

the supplier shares a common supply chain

D.

the supplier makes a similar profit to that of the buyer

Discussion
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Question 27

Which of the following is a UK legislation concerning product safety?

Options:

A.

Enterprise Act 2002

B.

Consumer Rights Act 2015

C.

GDPR 2018

D.

Competition Act 1998

Discussion
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