L4M4 REASONABLE EXAM PRICE, LATEST L4M4 DUMPS SHEET

L4M4 Reasonable Exam Price, Latest L4M4 Dumps Sheet

L4M4 Reasonable Exam Price, Latest L4M4 Dumps Sheet

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Tags: L4M4 Reasonable Exam Price, Latest L4M4 Dumps Sheet, Test L4M4 Preparation, Exam Questions L4M4 Vce, L4M4 Reliable Exam Voucher

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CIPS Ethical and Responsible Sourcing Sample Questions (Q68-Q73):

NEW QUESTION # 68
Which of the following is an advantage to the TUPE regulations?

  • A. Increase in buyer power
  • B. Continuity of supply for the buying organisation
  • C. Reduced overheads for the buying organisation
  • D. Value for money for the buying organisation

Answer: B

Explanation:
Continuity of supply for the buying organisation is an advantage of TUPE regulations.
TUPE is the Transfer of Undertakings (Protection of Employment). It's when the workforce / em-ployees of one company go to work for another one, usually after their company is bought out. They're transferred to the new company along with the furniture and buildings.
TUPE is UK specific. You don't need to know too much details about it for this exam - just what it is and the benefits. The main benefit is people don't lose their jobs when their company gets bought out. Basic guide to TUPE (pinsentmasons.com)


NEW QUESTION # 69
A procurement manager for a major retail group is using ratio analysis to assess the financial viability of suppliers who have tendered for a logistics services tender. The recommended supplier has a current ratio of
0.6. What are the potential consequences of awarding the contract to this supplier, given their current ratio is below 1?

  • A. The supplier will be unable to pay its short-term liabilities using current assets
  • B. The results of the current ratio do not mean anything as long as the supplier has proven technical merit
  • C. The supplier will be unable to cover long-term liabilities from revenues
  • D. The supplier will have cash reserves to cover unexpected expenses

Answer: A

Explanation:
A current ratio below 1 suggests that the supplier may not have sufficient current assets to cover short-term liabilities, which could pose a risk to the buyer. Assessing financial stability aligns with responsible sourcing practices, as it ensures suppliers can fulfill contracts without disruption.


NEW QUESTION # 70
Which of the following characteristics are likely to be required within sourcing processes undertaken in the public sector?
* An emphasis on long-term supplier relationships where possible
* Maintaining service levels within value and cost parameters
* All dealings between buyers and suppliers are kept confidential
* A competitive tendering process is usually encouraged

  • A. 2 and 3 only
  • B. 2 and 4 only
  • C. 1 and 3 only
  • D. 1 and 2 only

Answer: B

Explanation:
Public sector sourcing prioritises maintaining service levels within budget constraints and often mandates competitive tendering to promote transparency and fairness. These principles align with ethical sourcing practices, ensuring responsible expenditure and fair competition among suppliers.


NEW QUESTION # 71
Incoterms are divided into four main groups to follow the movement of goods covering the exporter's premises, export and import points, and cost and risk. Which letters represent the four groups of Incoterms?

  • A. E, F, B, and C
  • B. B, C, F, and G
  • C. A, B, C, and D
  • D. E, F, C, and D

Answer: D

Explanation:
Incoterms are grouped as E (Ex Works), F (Free copyright), C (Carriage Paid To), and D (Delivered Duty Paid), reflecting various stages of responsibility transfer between buyer and seller. Understanding Incoterms is critical for responsible sourcing, as it clarifies logistics and cost responsibilities.


NEW QUESTION # 72
A balance sheet will show a company's assets, liabilities and shareholder equity. What is share-holder equity?

  • A. the profit from sales once tax has been deducted
  • B. the amount of money from retained earnings
  • C. the amount of money held in the company's bank account
  • D. the owners' residual claim once all debt has been paid

Answer: D

Explanation:
shareholder equity = the owner/s of the organisation's residual claim once all debts have been paid. What Is Shareholder Equity (SE) and How Is It Calculated? (investopedia.com)


NEW QUESTION # 73
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