NEW L4M4 TEST BOOTCAMP, VALID L4M4 TEST PDF

New L4M4 Test Bootcamp, Valid L4M4 Test Pdf

New L4M4 Test Bootcamp, Valid L4M4 Test Pdf

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Tags: New L4M4 Test Bootcamp, Valid L4M4 Test Pdf, L4M4 Boot Camp, Valid L4M4 Exam Simulator, Valid L4M4 Exam Notes

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CIPS Ethical and Responsible Sourcing Sample Questions (Q82-Q87):

NEW QUESTION # 82
Which of the incoterms listed are suitable for transporting goods via train?

  • A. FAS
  • B. EXW
  • C. CRF
  • D. FOB

Answer: B

Explanation:
EXW- exworks is a suitable incoterm for transporting goods both by rail and boat. It can be used regardless of the mode of transport.
The other three are for transport over water. P. 143 Shipping Incoterms: the Complete Guide - Guided Imports Some students report a lot of questions on Incoterms in the exam, some say they only had 1. Best bet is to learn them if you possibly can.


NEW QUESTION # 83
Which of the following should be assessed in supplier proposals to check compliance with environmental, social, and governance (ESG) standards? Select THREE that apply.

  • A. The company's criteria for make or buy decisions
  • B. The financial stability of the company
  • C. The company's policy on carbon emissions
  • D. Procedures on intra-company trading
  • E. The company's employee working conditions
  • F. The company's code of ethics

Answer: C,E,F

Explanation:
Employee working conditions, a code of ethics, and a carbon emissions policy are all indicative of a supplier's commitment to ESG standards. Assessing these factors aligns with responsible sourcing practices, which prioritize sustainability and ethical considerations.


NEW QUESTION # 84
Which of the following incoterms has the lowest risk to the buyer?

  • A. delivered duty paid
  • B. free on board
  • C. carriage and insurance paid to
  • D. exworks

Answer: A

Explanation:
The lowest risk to the buyer is 'delivered duty paid'. This is because the supplier does all the work transporting the items to the buyer's premises. Incoterms_2020_chart | Intersped


NEW QUESTION # 85
Bob works in the procurement department of a construction firm. He has been asked to procure an item for a short-term project which is considered low risk. What type of sourcing will he be completing?

  • A. strategic
  • B. tactical
  • C. outsourcing
  • D. insourcing

Answer: B

Explanation:
tactical is the correct answer; items that are short-term or low value are considered tactical.
Strategic sourcing is long term and high value.
Outsourcing is moving a key business function to an external company.
Insourcing is bringing a previously outsourced part of the company back in-house.


NEW QUESTION # 86
Sourcing products internationally involves extra considerations when looking at the price of the item. Which of the following are additional price considerations for international sourcing? Select TWO

  • A. tariffs
  • B. total life cycle costs
  • C. batch quantities
  • D. tax
  • E. exchange rate

Answer: A,E

Explanation:
Exchange rates and tariffs are associated with international sourcing.
The other options are concerns for both local sourcing and international sourcing.


NEW QUESTION # 87
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