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CIPS Updated L4M4 Exam Questions and Answers by rayyan

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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: rayyan
Question 32

A Bill of Exchange is an important document used when importing goods into a country from abroad. What is the purpose of this document?

Options:

A.

details who is responsible for the insurance of the goods during transit

B.

specifies the country of origin of the goods

C.

explains which tariffs apply to the goods

D.

details payment instructions

Discussion
Question 33

Which of the following are considerations when evaluating quality as a criterion for supplier selection? Select TWO that apply.

Options:

A.

The existence of policies and initiatives toward more sustainable packaging and materials

B.

The existence of Total Quality Management (TQM) and a continuous improvement culture

C.

Certification to the management system ISO 9001

D.

Certification to the management system ISO 14001

E.

The supplier's environmental impact analysis

Discussion
Question 34

Other than price, what should a buyer consider when evaluating supplier quotations?

    Lead times

    Add-on costs

    Wastage rates

    Past performance

Options:

A.

1, 2, and 4 only

B.

1, 2, and 3 only

C.

2, 3, and 4 only

D.

1, 3, and 4 only

Discussion
Question 35

When looking at credit scores, a supplier may be classified as a high risk for reasons that are notlinked to poor credit. Which of the following could these be? Select TWO

Options:

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

Discussion
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