Practice L4M4 Exam Online

Question 1

Which of the following is the most weighted element that credit rating agencies use in calculating credit rating score?

A : New credit

B : Credit mix

C : Payment history

D : Length of credit history

Answer: C

Question 2

FTSE100 and Sensex are examples of what?

A : stock markets

B : commodity indices

C : financial reports

D : public sector organisations

Answer: A

Question 3

Which of the following involves supplier analysis, make or buy decisions, the consideration of outsourcing and evaluating associated risks?

A : Tender assessment

B : Sourcing

C : Insourcing

D : Purchasing

Answer: B

Question 4

Jamilla is looking to find a new supplier who can deliver raw materials of wood and paper to her company Woody Manufacturing Incorporated. The requirement is for regular orders of high volume. She has issued a Request for Quotation. What will this assess the suppliers on?

A : who can deliver the items the cheapest

B : who can deliver the highest quality items

C : the five rights of procurement

D : which price is the most ethical

Answer: C

Question 5

Which of the following should be considered when calculating ratios relating to a supplier's liquidity? Select TWO that apply.

A : Accounts payables

B : Equity

C : Receivables

D : Gross profit

E : Reserves

Answer: A,C

Name:	Ethical and Responsible Sourcing
Exam Code:	L4M4
Certification:	CIPS Certification
Vendor:	CIPS
Total Questions:	298
Last Updated:	May 16, 2024

CIPS L4M4