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CIPS Ethical and Responsible Sourcing L4M4 Question # 59 Topic 6 Discussion

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CIPS Ethical and Responsible Sourcing L4M4 Question # 59 Topic 6 Discussion

L4M4 Exam Topic 6 Question 59 Discussion:
Question #: 59
Topic #: 6

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?
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

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Actual exam question for CIPS L4M4 exam by Echo3857 at Sep 28, 2025, 12:38:36 PM

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