Cips testinside download Latest L4m4 Questions by Lorelai q0 vce pdf

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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:	lorelai

Question 52

Philip is a procurement manager at XYZ Company which imports raw materials from abroad. Sup-pliers provide quotes to Philip in their local currency. Is this the best way to reduce the risk to XYZ Company of currency fluctuations?

Options:

yes- this means the price won't go up or down

yes- this puts the risk on the supplier

no- quoting in the supplier's currency increases the risk for the buyer

no- quoting in the supplier's currency does not affect the risk to the buying organisation

Discussion

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Question 53

Tulip Rose Industries is using a restricted approach to tendering for a new contract for the facilities management of their seven factories which produce furniture made of organic materials. What is likely to be the reason they are using a restricted approach?

Options:

the requirement is complex

the suppliers are likely to be unqualified

interest in the tender opportunity is likely to be low

interest in the tender opportunity is likely to be high

Discussion

Question 54

Achieving the 'five rights of procurement' is one of the key objectives of procurement managers. Which of the following are not considered one of the 5 rights? Select TWO.

Options:

time

ethics

environment

quantity

quality