Cips examstrust cips L4m4 Online Access by Murphy 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:	murphy

Question 40

Which of the following is not a indices that measures economic data?

Options:

PPI

CPI

GDP

ISO

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Question 41

When would a procurement professional use the Pareto principle?

Options:

when considering changing a supplier

when conducting a value analysis

when looking at whole-life-cycle costs

when appraising a supplier

Discussion

Question 42

Jamilla is looking to find a new supplier who can deliver raw materials of wood and paper to her company Woody Manufacturing Incorporated. The requirement is for regular orders of high volume. She has issued a Request for Quotation. What will this assess the suppliers on?

Options:

who can deliver the items the cheapest

who can deliver the highest quality items

the five rights of procurement

which price is the most ethical

Discussion

Question 43

The procurement team received an urgent request from the business to source quotations for pestcontrol services. The team decided to use a local newspaper to advertise the requirements. Was this an appropriate approach to use in the circumstances?

Options:

Yes, so that the local pest control sector can decide between them who should bid

No, because they might receive too many irrelevant proposals which may delay the assessing process

No, because international vendors must also be notified of the opportunity

Yes, they must seek as many bids as possible, even if it takes longer