Cips certification-questions online L4m4 Questions Video by Izabella q0 vce pdf

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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:

metals, energy, elements and agriculture

fruit, vegetables, meat and dairy

energy, agriculture, metals, livestock

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:

November

May

January

April

Discussion

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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:

the supplier is able to adhere to the same ethical standards

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

the supplier shares a common supply chain

the supplier makes a similar profit to that of the buyer