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Pass The Exam On Your First Try With CIPS L4M4 Exam Dumps

Nowadays everyone is interested in the field of CIPS because it is growing rapidly day by day. The L4M4 credential is designed to validate the expertise of candidates. But most of the students are confused about the right preparation material for CIPS L4M4 Exam Dumps and they couldn't find real Ethical and Responsible Sourcing (L4M4) exam questions so that they can pass L4M4 certification exam in a short time with good grades.

CIPS L4M4 Exam Syllabus Topics:

Topic
Details

Topic 1

Understand options for sourcing requirements from suppliers: This section covers the sourcing process, approaches, options, and award criteria for obtaining requirements from suppliers. The sub-topics provide a foundation for strategic sourcing.

Topic 2

This section examines analyzing market data, obtaining quotations
tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.

Topic 3

Understand compliance issues when sourcing from suppliers: It explores legislative, regulatory, and organizational requirements for sourcing. It compares the use of audit and other mechanism of feedback.

Topic 4

Understand the key processes that can be applied to the analysis of potential external suppliers:

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CIPS Ethical and Responsible Sourcing Sample Questions (Q93-Q98):

NEW QUESTION # 93
Commodities are items which can be traded on the stock exchange. These are generally divided into four categories. What are these four categories?

A. fruit, vegetables, meat and dairy
B. metals, energy, elements and agriculture
C. chemicals, agriculture, metals and livestock
D. energy, agriculture, metals, livestock

Answer: D

Explanation:
energy, agriculture, metals, livestock are the four trading categories on the stock exchange. Some-times there's a 5th category added which is 'environmental credits'. This is a fairly new thing and you don't need to know anything about this for this exam.
Question no commodities will mainly centre around characteristics of commodities and factors that affect pricing.
Commodities are discussed much more in detail in L5M4. At level 4 you just need a basic overview.

NEW QUESTION # 94
Incoterms are designed to be understood and interpreted on a worldwide basis. What is the interpretation for FOB (Free on Board)?

A. The buyer takes responsibility for the goods after they are loaded on the ship, plus subsequent costs excluding freight charges
B. The buyer takes responsibility for taking the goods from the departure quayside to the ship, plus all subsequent costs
C. The buyer takes responsibility for transferring the goods from the seller's premises to the ship, plus all subsequent costs
D. The buyer takes responsibility for the goods after they are loaded on the ship, plus all subsequent costs including freight charges

Answer: D

Explanation:
Under theFOB (Free on Board)Incoterm, the seller is responsible for delivering the goods onto the vessel at the named port of shipment. Once the goods are on board, the risk and responsibility transfer to the buyer.
From that point onward, the buyer assumes all costs and risks associated with the transportation of the goods, including freight charges, insurance, unloading, and delivery to the final destination.
This interpretation aligns with the Incoterms 2020 rules set by the International Chamber of Commerce (ICC). It's crucial to note that FOB is applicable only for sea or inland waterway transport and is not suitable for containerized cargo, where theFCA (Free Carrier)term is more appropriate.
References:
Trade Finance Global: FOB (Free on Board) - Incoterms 2020 Rule
Maersk: FOB Incoterms meaning | Free on Board shipping

NEW QUESTION # 95
Which of the following is a strategic cost associated with outsourcing cyber-security from an in-house IT function to a specialist supplier?

A. Loss of expertise within business
B. Loss of influence over prioritisation of tasks
C. Loss of financial resources due to regulation
D. Loss of informal relationship with cyber experts

Answer: A

Explanation:
Outsourcing critical functions like cybersecurity can lead to a loss of in-house expertise, which is a strategic cost. This loss may impact the organization's ability to respond swiftly to security threats, innovate, and maintain control over sensitive operations. Retaining core competencies is vital for sustaining competitive advantage and ensuring long-term resilience.
Exact Extract from Study Guide:
"Outsourcing core activities risks - loss of in-house skill, loss of key staff to competitors, risk that supplier cannot be found, loss of control over operating activities, risk of loss of control over confidential information
/IP.

NEW QUESTION # 96
Which of the following incoterms relate specifically to transporting items over water?

A. cost and freight
B. ex works
C. delivered duty paid
D. delivered at place

Answer: A

Explanation:
cost and freight is specific to transport over water. The others relate to all types of transportation.
Incoterms_2020_chart | Intersped
Some students report a lot of questions on Incoterms in the exam, some say they only had 1. It real-ly is luck of the draw.

NEW QUESTION # 97
In a negotiation, a supplier does not want to upset or offend the buyer, so concedes their own requirement in order to ensure harmony. Which negotiation tactic is the supplier using?

A. collaborative
B. compromising
C. competitive
D. accommodating

Answer: D

Explanation:
This is accommodating: the supplier puts the buyer's interest above his own.
This is from the Thomas Killman model of conflict resolution. There are 5 strategies; competitive, collaborative, avoiding, accommodating and compromising. In the study guide it doesn't mention the name of the model but you do need to know the 5 strategies. The model comes up a lot in other modules so is a good one to learn. Particularly L5M1 which is about management theory.

NEW QUESTION # 98
......

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