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Ethical and Responsible Sourcing Questions and Answers

Question 45

Sourcing products internationally involves extra considerations when looking at the price of the item. Which of the following are additional price considerations for international sourcing? Select TWO

Options:

A.

exchange rate

B.

total life cycle costs

C.

tariffs

D.

batch quantities

E.

tax

Question 46

Which of the following financial documents would show whether a supplier has sufficient funds to pay their subcontractors in the short term?

Options:

A.

balance sheet

B.

ESG policy

C.

profit and loss account

D.

cash flow statement

Question 47

The bill of lading is one of the main documents in sea freight. Which of the following statements represent its uses? (Select TWO)

Options:

A.

It provides evidence guaranteeing the use of Incoterms

B.

It provides evidence of the contract of carriage for the goods

C.

It provides evidence that the goods are fully insured in transit

D.

It provides evidence of the country of origin of the goods

E.

It provides evidence of the title of ownership of the goods

Question 48

A buyer is considering trading with a new overseas supplier and wants to assess anti-bribery risks in that country. Which information sources would be useful? (Select TWO)

Options:

A.

Local Anti-Corruption Legislation

B.

Transparency International (TI)

C.

United Nations Sustainable Development Goals (UNSDGs)

D.

International Court of Arbitration (ICC)

E.

International Standards Organisation (ISO)

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Total 282 questions