Latest [Mar 02, 2025] L4M4 Exam with Accurate Ethical and Responsible Sourcing PDF Questions [Q91-Q106]

Q91. A procurement manager has a new contract to award. They know there will be considerable interest from potential suppliers, as there are approximately twelve companies in the market. Which of the following is a benefit of using a full competitive tendering process for this new contract?

Q92. Rules regulating the type of goods and the volume that can be imported into a country or trade block are commonly known as what?

Q93. 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.

Q94. The sourcing process is considered to include the initial stages of the generic procurement cycle, up to the stage where the contract is awarded to the successful bidder. The stages in the sourcing process may include …

Q95. Greg is doing some research on a potential supplier and is concerned that the supplier’s funding is based on long-term debts and loans. Working with this supplier therefore might bring additional risks to Greg’s business. What should Greg do about his concerns?

Q96. Phishing is a type of fraud that is commonly associated with which industry?

Q97. Which of the following Incoterms has the lowest risk for the supplier?

Q98. What is a major benefit to using Incoterms when sourcing goods internationally?

Q99. A company has a low gearing of 20%. This shows that the company relies on equity capital and should therefore have less difficulty coping during tough economic times. Is this statement TRUE?

Q100. Which of the following is an advantage to the TUPE regulations?

Q101. 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

Q102. Dylan is looking to appoint a new supplier of paint to his manufacturing business. The paint will be used to paint buses and taxis and therefore needs to be high quality and durable. Which of the following should Dylan look for in terms of quality management when appraising the suppliers?

Q103. When looking at credit scores, a supplier may be classified as a high risk for reasons that are not linked to poor credit. Which of the following could these be? Select TWO

Q104. When conducting an ABC analysis- what category of items and type of suppliers would you typically find in the A category?

Q105. Which of the following would you expect to find in an Invitation to Tender? Select THREE

Q106. When conducting a competitive tender, is it appropriate to use a supplier’s credit rating as a criteria for pre-section?