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L4M4 practice test questions answers

CIPS L4M4 Dumps Questions Answers

Exam Code:
L4M4
Last Update: Dec 19, 2024
180 Questions Answers with Explanation Detail
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CIPS L4M4 Last Week Results!

31

Customers Passed
CIPS L4M4

90%

Average Score In Real
Exam At Testing Centre

92%

Questions came word by
word from this dump

L4M4 Q&A's Detail

Exam Code:
L4M4
Total Questions:
180 Q&A's
Single Choice Questions:
147 Q&A's
Multiple Choice Questions:
33 Q&A's

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CIPS L4M4 Exam Dumps FAQs

The CIPS L4M4 Exam, also known as the Ethical and Responsible Sourcing exam, is part of the CIPS Level 4 Diploma in Procurement and Supply Certification.
The CIPS L4M4 exam is designed for procurement and supply professionals who want to enhance their knowledge of ethical and responsible sourcing practices. Its particularly relevant for those working in procurement, supply chain management, and sustainability roles.

The CIPS L4M4 exam covers the following key topics:

  • Understanding options for sourcing requirements from suppliers
  • Analyzing potential external suppliers
  • Compliance issues when sourcing from suppliers
The CIPS L4M4 exam typically consists of 120 questions. These questions assess your understanding of ethical sourcing practices and related concepts.
The passing score for the CIPS L4M4 exam is 60%.

The CIPS L4M4 and CIPS L4M1 are both part of the CIPS Level 4 Diploma in Procurement and Supply, but they focus on distinct areas within the procurement and supply chain domain.

  • CIPS L4M4 Exam: The CIPS L4M4 Exam delves into the ethical and sustainable aspects of procurement. The L4M4 exam covers topics such as human rights, environmental impact, supply chain risk, and legal and regulatory frameworks related to ethical sourcing.
  • CIPS L4M1 Exam: The CIPS L4M1 Exam provides a broader overview of the procurement and supply function within an organization. The L4M1 exam explores the role of procurement in creating value, stakeholder management, procurement processes, and the impact of procurement on organizational performance.
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Ethical and Responsible Sourcing Questions and Answers

Questions 1

Which award criteria can be applied when sourcing requirements from external suppliers?

Options:

A.

Delivery promises of goods

B.

Price and total life-cycle costs

C.

Plans and manpower numbers

D.

Understanding of supplier operations

Questions 2

Added value can be objectively defined. Is this sentence TRUE?

Options:

A.

Yes- added value should be assessed along with price

B.

Yes- added value is the same for all organisations

C.

no - added value may change from one company to another

D.

no- added value is always intangible

Questions 3

When assessing the financial performance of a potential supplier, it is important to understand how much gross profit they are making. The gross profit margin ratio uses which of the following pieces of information from the profit and loss (statement of financial performance)? Select TWO that apply.

Options:

A.

Cost of goods sold

B.

Value of equity capital

C.

Income from sales

D.

Current liabilities

E.

Total current assets

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