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Pass the CIPS CIPS Level 4 Diploma in Procurement and Supply L4M4 Questions and answers with CertsForce

Viewing page 5 out of 9 pages
Viewing questions 41-50 out of questions
Questions # 41:

Which of the following can be interpreted as a normal business practice by some cultures but a form of bribery by others?

Options:

A.

phishing


B.

verbal contracts


C.

golden handshake


D.

facilitation payment


Expert Solution
Questions # 42:

Incoterms are divided into four main groups to follow movement of goods covering exporter’s premises, export/import points, and cost/risk. Which letters represent the groups?

Options:

A.

E, F, C, D


B.

E, F, B, C


C.

B, C, F, C


D.

A, B, C, D


Expert Solution
Questions # 43:

Which of the following payment mechanisms is most beneficial to the supplier?

Options:

A.

open account


B.

cash in advance


C.

sight draft


D.

letter of credit


Expert Solution
Questions # 44:

Which of the following payment mechanisms is most beneficial to the buyer?

Options:

A.

open/ credit account


B.

term / time draft


C.

sight draft


D.

cash in advance


Expert Solution
Questions # 45:

Which of the following is considered as part of ESG?

Options:

A.

bribery, corruption and the environment


B.

market conditions and product lifecycle


C.

liquidity, gearing and profitability


D.

economic and social governance


Expert Solution
Questions # 46:

What might a buyer encounter if the supplier’s government has introduced a protectionist measure?

Options:

A.

Inward processing relief


B.

Arbitration


C.

Import duties


D.

Carnets


Expert Solution
Questions # 47:

Which of the following are secondary research sources that can be used when investigating markets and suppliers? Select THREE that apply.

Options:

A.

Professional magazines


B.

Focus groups


C.

Economic indices


D.

Supplier websites


E.

Direct conversations


F.

Supplier interviews


Expert Solution
Questions # 48:

When working closely with a supplier, waste can be reduced which can lead to improved business functions and cost savings. Which of the following are wastes that can be removed from the supply chain? Select THREE.

Options:

A.

Over-analyzing


B.

Barriers


C.

Motion


D.

Waiting


E.

Inventory


Expert Solution
Questions # 49:

Which of the following should be considered when calculating ratios relating to a supplier's liquidity?

Options:

A.

inventory


B.

reserves


C.

receivables


D.

profit


Expert Solution
Questions # 50:

A buyer in the public sector has put an advert out asking for interested suppliers to express an interest in a potential tender activity to provide a facilities management contract to a hospital trust. The suppliers who have met that criteria are then sent a document detailing how they should submit their tender, how to price the opportunity, asks Questions relating to how they will deliver the service and gives a deadline for bids to be submitted. Which document have the suppliers ben sent?

Options:

A.

Request for Quotation


B.

Invitation to Tender


C.

Invitation to Quote


D.

Request for Tender


Expert Solution
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