CIPS L4M4 Reliable Test Guide | Valid L4M4 Exam Discount

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100% Pass First-grade CIPS L4M4 Ethical and Responsible Sourcing Reliable Test Guide

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CIPS Ethical and Responsible Sourcing Sample Questions (Q168-Q173):

NEW QUESTION # 168
An organisation within the European Union (EU) wants to import an item from outside of the EU. Which of the following is a valid shipping document?

A. Goods inward document
B. Bill of lading document
C. Single transit document
D. Purchase order document

Answer: B

Explanation:
A Bill of Lading is a critical shipping document in international trade, serving as a receipt for shipped goods and a contract between the shipper and carrier. It is essential for customs clearance and is recognized as a valid document for importing goods into the EU.
Exact Extract from Study Guide:
"The Bill of Lading (B/L) is a document issued by the shipping company to the operating shipper, which acknowledges that the goods have been received on board."

NEW QUESTION # 169
Which of the following incoterms has the lowest risk to the buyer?

A. free on board
B. exworks
C. delivered duty paid
D. carriage and insurance paid to

Answer: C

Explanation:
The lowest risk to the buyer is 'delivered duty paid'. This is because the supplier does all the work transporting the items to the buyer's premises. Incoterms_2020_chart | Intersped

NEW QUESTION # 170
When sourcing an item of strategic importance and high value in the public sector, is it important to advertise this publicly?

A. no- buyers in the public sector do not source strategic items
B. no- buyers can approach known contractors
C. yes- the public sector should advertise the opportunity as a call for competition
D. yes- the public sector should advertise through the Freedom of Information Act

Answer: C

Explanation:
The correct answer is 'yes- the public sector should advertise as a call for competition'. They do this in the Official Journal of the European Union (OJEU). Public Sector has to be transparent about everything and treat all suppliers equally. So they can't just approach the ones they like.
In the study guide it says OIEU and this is a typo. It's OJEU.
What is The OJEU in 2 minutes or less (trackerintelligence.com)

NEW QUESTION # 171
Which of the following can be interpreted as a normal business practice by some cultures but a form of bribery by others?

A. verbal contracts
B. facilitation payment
C. phishing
D. golden handshake

Answer: B

Explanation:
This is a facilitation payment. It's when a sum of money is given for 'helping to facilitate' a contract. E.g. a procurement manager may accept a facilitation payment from a supplier for selecting him to be a new supplier for a big contract.
In the UK this is definitely considered a bribe. It's also against the CIPS Code of Conflict

NEW QUESTION # 172
A prequalification questionnaire can allow a buyer to determine whether or not a potential supplier shares the same ethical values at an early stage of a procurement process. Obtaining confirmation that a supplier has not previously been convicted of breaches of modern slavery legislation belongs to which form of evaluation criteria?

A. Quality
B. Economic
C. Social
D. Environmental

Answer: C

Explanation:
Modern slavery and human rights are social sustainability issues. Under the triple bottom line (environmental, social, economic), the social dimension covers labour rights, working conditions, equality, and compliance with modern slavery laws. Responsible sourcing requires buyers to integrate such social criteria in supplier prequalification to prevent unethical practices from entering supply chains. Environmental criteria cover impacts like carbon and waste; economic focuses on cost and competitiveness; quality addresses technical performance. Including modern slavery checks at the prequalification stage reflects due diligence and ensures alignment with legal and ethical obligations.
Reference: CIPS L4M4 Study Guide (v2), LO: "Concepts" - triple bottom line; ethical sourcing and social responsibility.

NEW QUESTION # 173
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CIPS L4M4 Reliable Test Guide | Valid L4M4 Exam Discount

100% Pass First-grade CIPS L4M4 Ethical and Responsible Sourcing Reliable Test Guide

CIPS Ethical and Responsible Sourcing Sample Questions (Q168-Q173):

Accurate CIPS L4M4 Exam Questions PDF Material

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