L4M4 EXAM SIMULATOR FREE - L4M4 VALID TEST BRAINDUMPS

L4M4 Exam Simulator Free - L4M4 Valid Test Braindumps

L4M4 Exam Simulator Free - L4M4 Valid Test Braindumps

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CIPS Ethical and Responsible Sourcing Sample Questions (Q44-Q49):

NEW QUESTION # 44
Which of the following is a UK legislation concerning product safety?

  • A. Competition Act 1998
  • B. GDPR 2018
  • C. Consumer Rights Act 2015
  • D. Enterprise Act 2002

Answer: C

Explanation:
The Consumer Rights Act 2015 is about product safety and making sure products sold on the market are fit for purpose. It gives buyers rights and protections. The Consumer Rights Act 2015 - Citizens Advice There's a long list of legislation on p.105. I wouldn't worry about memorizing them all but just have an idea of what legislation relates to what area. E.g. GDPR is about Data Protection and the Com-petitions Act is about Marketplace competition. Most of them are quite obvious from the name.


NEW QUESTION # 45
When assessing social responsibility elements of a supplier's proposal, what type of supporting evidence could a supplier provide?

  • A. Financial statements detailing profit and loss accounts
  • B. Results of a customer service survey on delivery performance
  • C. Evidence of compliance with fair trade standards
  • D. Quality control reports documenting quality checks in the manufacturing process

Answer: C

Explanation:
Compliance with fair trade standards demonstrates the supplier's commitment to social responsibility, including fair wages and ethical working conditions. This aligns with responsible sourcing practices, ensuring that suppliers maintain ethical labor standards, as advocated in the principles of ethical sourcing.


NEW QUESTION # 46
Rules regulating the type of goods and the volume that can be imported into a country or trade block are commonly known as what?

  • A. tariffs
  • B. duties
  • C. profits
  • D. laws

Answer: D

Explanation:
This is tariffs. Be careful not to confuse tariffs and duties;
tariffs = rules and duties = payments.


NEW QUESTION # 47
Pierre is constructing a tender for a security contract. As well as cost, he would like to ask the security companies some questions about their health and safety processes and staff qualifications. He has created several questions and weighted these so that they add up to 25. is this the correct thing to do?

  • A. yes- point systems can be weighted any way a buyer choses so long as this is explained in the ITT
  • B. yes- 25 is the correct weighting for quality question
  • C. no- the weighting should total 10
  • D. no- the weighting should total 100

Answer: D

Explanation:
weighted points systems for assessments should add up to 100. This is 100%.
An example is how this would work is
Price = 50%
Health and Safety questions= 30%
Qualifications = 20%


NEW QUESTION # 48
When would a procurement professional use the Pareto principle?

  • A. when appraising a supplier
  • B. when considering changing a supplier
  • C. when conducting a value analysis
  • D. when looking at whole-life-cycle costs

Answer: B

Explanation:
The Pareto Principle can be used when considering changing a supplier. It helps to categories suppliers by how strategically important the item is that they provide to the business.


NEW QUESTION # 49
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