CIPS Ethical and Responsible Sourcing - L4M4 FREE EXAM DUMPS QUESTIONS & ANSWERS
Which of the following would be a valid reason to make a product inhouse, rather than buy it from a supplier?
Correct Answer: C
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Tracey Collum is a procurement professional and married to Nick Collum. Tracey has been leading a tender for a new radar system, where four suppliers have submitted their bids. After the bids were received, Nick joined one of the suppliers (Supplier X) as the project director for radar systems. Nick has asked Tracey to award the contract to Supplier X. What should Tracey do?
Correct Answer: A
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Which of the following payment mechanisms is most beneficial to the buyer?
Correct Answer: C
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The bill of lading is one of the main documents in sea freight. Which of the following statements represent its uses? (Select TWO)
Correct Answer: A,D
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A Bill of Exchange is an important document used when importing goods into a country from abroad. What is the purpose of this document?
Correct Answer: B
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Which of the following should be conducted during the analysis of tender responses?
* Produce a report on each submission
* Review the pre-qualification questionnaire
* Check the arithmetical accuracy of each tender
* Evaluate the market dynamics
* Produce a report on each submission
* Review the pre-qualification questionnaire
* Check the arithmetical accuracy of each tender
* Evaluate the market dynamics
Correct Answer: D
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Added value can be objectively defined. Is this sentence TRUE?
Correct Answer: D
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A procurement manager has a new contract to award. There are twelve suppliers in the market. Which of the following is a benefit of using a full competitive tendering process?
Correct Answer: B
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There has been a notable growth in international sourcing in the recent years, despite the many challenges involved. Buyers are therefore expected to develop their skills in this specialised area of sourcing. Which of the following factors may have contributed to this steady increase in international sourcing?
Correct Answer: C
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What might a buyer encounter if the supplier's government has introduced a protectionist measure?
Correct Answer: D
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