Free Online CIPS L4M4 Practice Test

Prepare Your CIPS L4M4 Exam Questions with Free online L4M4 Practice Test. Get Brilliant Ethical and Responsible Sourcing Exam Results with Valid L4M4 Exam Dumps.

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Total 298 Questions | Updated On: May 15, 2024

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Question 1

Which of the following provides guidelines for exploring transfer pricing?

A : OECD

B : OIC

C : OTIF

D : ECOWAS

Answer: A

Question 2

When deciding on 'Make versus Buy', procurement professionals have to consider the level of competition in supply market. Which of the following will improve the buying organisation's bargaining power?

A : High direct labour costs

B : The market has high entry barrier to new entrants

C : Substitutes for the product or service are readily available

D : The suppliers are larger than the buying organisation in the industry and more concentrated

Answer: C

Question 3

Which of the following are most likely to be buyer's potential risks if they select the lowest bid in a competitive tendering process? Select TWO that apply.

A : Discontinuity of supply during the contract

B : Inability to implement competitive tendering due to urgent notice

C : Total life-cycle costs may be higher than other bids

D : Possibility of being treated disrespectfully

E : Possible exposure to biased selection

Answer: A,C

Question 4

An organisation in public sector in France needs to advertise their contract opportunity. Where must they publish their requirements?

A : They must advertise the opportunity orally

B : On the Official Journal of the European Union

C : On a book

D : On the television

Answer: B

Question 5

Which of the following is the most beneficial payment mechanism for supplier?

A : Letter of credit

B : Open account

C : Time draft

D : Cash in advance

Answer: D

Page: 1 / 60

Total 298 Questions | Updated On: May 15, 2024

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