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L4M4 Exam Dumps : Ethical and Responsible Sourcing

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Ethical and Responsible Sourcing Questions and Answers

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Question 1

One of the typical selection criteria applied in determining the right supplier is ‘technical capabilities’, which might include …

Options:

A.

The supplier’s ability to produce all required quantities and maintain contingency stocks

B.

The supplier’s ability to keep its plant and machinery in a high state of repair and maintenance

C.

The supplier’s financial ratios, revealing that they are very highly geared

D.

The supplier’s brand name is highly reputed for being associated with the Ethical Trading Initiative

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Question 2

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 ...

Options:

A.

Comparing the supplier’s delivery note with the purchase order to confirm the specification

B.

Reminding the design manager to approve the drawings which will accompany the invitation to tender documents

C.

Processing the requisitions to facilitate call-offs against a newly created framework contract

D.

Engaging with suppliers to ensure that they are achieving the KPIs set in the contract

Question 3

Commodities can be traded on a stock exchange and are generally divided into one of four categories. Which of the following is not one of these four categories?

Options:

A.

energy

B.

livestock

C.

metals

D.

plastics

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