L4M4 Practice Online

Question 1

Organisations which do not take action to prevent bribery practices in their supply chains are exposed to which of the following?

A : More suppliers

B : Higher costs

C : Reputational damage

D : Poor credit rating

Answer: C

Question 2

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?

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

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

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

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

Answer: B

Question 3

Economic indices track a market's stability and health. One of these indices is the Consumer Price Index (CPI). Which of the following are aspects of the Consumer Price Index? Select TWO that apply.

A : The CPI tracks the performance of selected companies in different stock markets

B : The CPI helps in calculating the exchange rates and tariffs used in setting prices for imports

C : The CPI helps in calculating the exchange rates and tariffs used in setting prices for imports

D : The CPI tracks the weighted average prices of selected commodities within the country

E : The CPI shows that prices are influenced by tax thresholds rates rather than inflation rates

Answer: C,D

Question 4

What document informs the customs officers about the type and value of your goods, so they can determine the amount of duties and tax you owe?

A : Packing List

B : Commercial Invoice

C : Certificate Of Origin

D : Bill of Lading

Answer: B

Question 5

When assessing supplier's proposals, which of the following is the group of items that procurement professional should spend the least time and resources?

A : Routine items

B : Bottleneck items

C : Leverage items

D : Strategic items

Answer: A

Name:	Ethical and Responsible Sourcing
Exam Code:	L4M4
Certification:	CIPS Certification
Vendor:	CIPS
Total Questions:	523
Last Updated:	Jun 12, 2025

Download Demo L4M4 Dumps

Create Account

Password Recovery

Download Demo L4M4 Dumps

Member Login

Create Account

Password Recovery

L4M4 Practice Online