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CIPS L4M4 Exam With Confidence Using Practice Dumps

Exam Code:
L4M4
Exam Name:
Ethical and Responsible Sourcing
Vendor:
Questions:
217
Last Updated:
Aug 18, 2025
Exam Status:
Stable
CIPS L4M4

L4M4: CIPS Level 4 Diploma in Procurement and Supply Exam 2025 Study Guide Pdf and Test Engine

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Ethical and Responsible Sourcing Questions and Answers

Question 1

GDP is an economic index that a procurement professional can use to measure economic data. What does GDP tell you?

Options:

A.

the value of public limited companies within a country

B.

the monatary value of the goods manufactured in a financial period

C.

the value of commodities such as steel, oil and wheat at a point in time

D.

average changes in price over a year

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Question 2

What are some of the benefits of conducting unscheduled supplier audits? Select TWO that apply.

Options:

A.

Unscheduled audits significantly reduce costs compared to scheduled visits

B.

Unscheduled audits help to achieve an unbiased assessment

C.

Unscheduled audits help to identify non-compliance issues

D.

Unscheduled audits increase the risk of providing misinformation

E.

Unscheduled audits are more time-efficient than scheduled audits

Question 3

Which of the following are primary sources of data? Select TWO.

Options:

A.

market reasearch commissioned by a rival company

B.

economic indices such as PPI or CPI

C.

published price lists

D.

trade fairs and exibits

E.

phone calls with current suppliers