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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:
Jun 20, 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 the risks of outsourcing?

    Loss of control of a project

    Loss of assets

    Loss of future business opportunities

    Loss of private information

Options:

A.

1 and 4 only

B.

2 and 3 only

C.

3 and 4 only

D.

1 and 2 only

Question 3

How can a buyer monitor a supplier's ethical workforce standards throughout a long-term contract?

Options:

A.

Check the International Labour Organisation's database regularly for information specifically about that supplier

B.

Request a completed self-assessment by the supplier on a monthly basis

C.

Commission periodic audits by specialist third parties to highlight any malpractice

D.

Contact management directly on a periodic basis, as stipulated in contract terms