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L4M4 Exam Results

Page: 19 / 23
Total 301 questions

Ethical and Responsible Sourcing Questions and Answers

Question 73

Which of the following should be considered when calculating ratios relating to a supplier's liquidity?

Options:

A.

inventory

B.

reserves

C.

receivables

D.

profit

Question 74

Ramesh is an IT category manager within the UK’s National Health Service and is responsible for the procurement of a new high-value network system, which will spread across multiple doctors' practices and community health centres. Ramesh has reviewed different tender approaches and concluded that the use of a restricted tender is the most appropriate. Which of the following statements is true for a restricted tender process?

Options:

A.

Direct negotiations occur prior to suppliers submitting their offer

B.

The contract will be awarded strictly on pricing criteria

C.

Suppliers responding to the tender are pre-qualified

D.

It is only relevant when there are few suppliers in the market

Question 75

Foresttors Plc is negotiating a new contract for the procurement of timber, a crucial component of its production operations. The company has incorporated environmental, social, and governance (ESG) reporting requirements into the contractual terms. Is this a valid approach?

Options:

A.

No. ESG is not within the scope of a contractual document and should always be treated informally

B.

No. Suppliers cannot be legally responsible for ESG compliance; this should be the buying organisation

C.

Yes, providing the contract does not require a supplier to do anything differently for ESG than they have done previously

D.

Yes. This helps to demonstrate the importance of compliance with ESG

Question 76

A company has actively included supporting of disadvantaged groups within their ESG commitment. Which of the following groups are considered disadvantaged?

Options:

A.

endangered species

B.

pregnant women and children

C.

international suppliers

D.

Muslims

Page: 19 / 23
Total 301 questions