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

Viewing page 6 out of 9 pages
Viewing questions 51-60 out of questions
Questions # 51:

When might a company send a Request for Information (RFI) instead of a Request for Quotation (RFQ)? (Select TWO)

Options:

A.

To obtain indicative prices that could be offered for a range of required products


B.

To negotiate the payment terms detailed in the terms and conditions of sale


C.

To ask for details of the product or range of services that the supplier has to offer


D.

To establish the details of environmental and quality certificates that the supplier may have


E.

To determine whether the supplier can fulfil a purchase order already placed


Expert Solution
Questions # 52:

The Freedom of Information Act is a piece of UK legislation which allows members of the public to request information on issues such as public sector sourcing. When a request is made, it is compulsory for the public sector to provide this information to the public. Is this statement true?

Options:

A.

yes- the information must be provided within 28 days


B.

yes- the information must be posted publically online


C.

no- the public sector can choose not to publish information if it is not deamed to be in the public interest


D.

no- the public sector does not need to provide information on sourcing activities


Expert Solution
Questions # 53:

Why is it important, when awarding high-value contracts, for a buyer to conduct a financial assessment of a supplier?

Options:

A.

The buyer must ensure continuity of supply because financial problems of a supplier could affect the supply


B.

Financial assessments provide a holistic view of a company's capability, including quality and delivery performance


C.

A supplier who is highly profitable will be charging prices higher than the average market rate


D.

If a supplier has a high credit score, this means it pays its own suppliers late, which could result in stock outs


Expert Solution
Questions # 54:

One of the typical selection criteria applied in determining the right supplier is ‘technical capabilities’, which might include …

Options:

A.

The supplier’s ability to produce all required quantities and maintain contingency stocks


B.

The supplier’s ability to keep its plant and machinery in a high state of repair and maintenance


C.

The supplier’s financial ratios, revealing that they are very highly geared


D.

The supplier’s brand name is highly reputed for being associated with the Ethical Trading Initiative


Expert Solution
Questions # 55:

A buyer is considering trading with a new overseas supplier and wants to assess anti-bribery risks in that country. Which information sources would be useful? (Select TWO)

Options:

A.

Local Anti-Corruption Legislation


B.

Transparency International (TI)


C.

United Nations Sustainable Development Goals (UNSDGs)


D.

International Court of Arbitration (ICC)


E.

International Standards Organisation (ISO)


Expert Solution
Questions # 56:

Ramesh is an IT category manager within the UK's National Health Service and is responsible for the procurement of a new high-value network system, which will be used across multiple doctors’practices and community health centres. Ramesh has reviewed the different tender approaches and has concluded that the use of a restricted tender is the most appropriate. Which of the following statements is true for a restricted tender process?

Options:

A.

Suppliers responding to the tender are pre-qualified


B.

It is only relevant when there are few suppliers in the market


C.

Direct negotiations occur prior to suppliers submitting their offer


D.

The contract will be awarded strictly on pricing criteria


Expert Solution
Questions # 57:

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?

Options:

A.

Award the contract to Supplier X because Nick will be promoted if Supplier X wins the contract


B.

Award the contract to Supplier X because Tracey can ask for a better price because they are married


C.

Ask to be removed from the tender due to a conflict of interest and complete a conflict of interest form


D.

Remove Supplier X from the tender due to a conflict of interest and continue with the tender


Expert Solution
Questions # 58:

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

Options:

A.

The company's criteria for make or buy decisions


B.

The financial stability of the company


C.

Procedures on intra-company trading


D.

The company’s employee working conditions


E.

The company's code of ethics


F.

The company's policy on carbon emissions


Expert Solution
Questions # 59:

Khalid is a procurement manager in the UK who is looking to source exotic fruit for a retailer. As this type of fruit doesn't grow naturally in the UK Khalid is looking at international suppliers, but is worried about variations in exchange rates. He is considering asking the suppliers to provide quotes in their local currencies. Will this reduce the risk posed to Khalid?

Options:

A.

yes- suppliers should quote in their own currencies so there is no risk to the importing company


B.

yes- when suppliers quote in local currencies you are more likely to get better prices


C.

no- quoting the prices in GBP / £ will provide Khalid with better security against cur-rency fluctuations


D.

no- prices should be quoted in GBP / £ as this will reduce the cost of imports


Expert Solution
Questions # 60:

Bribery is considered an unethical business practice. What constitutes a bribe?

Options:

A.

anything that is of value to the recipient


B.

something that has monetary value


C.

something of significant monetary value


D.

anything that can be traded illegally


Expert Solution
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Viewing questions 51-60 out of questions