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Quiz 2025 Pass-Sure CIPS L4M4: Ethical and Responsible Sourcing New Braindumps Book

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CIPS Ethical and Responsible Sourcing Sample Questions (Q63-Q68):

NEW QUESTION # 63
Damian is a procurement professional in the Public Sector. He has recently run a competition to source new uniforms for hospital staff and has decided on a suitable supplier. Should Damian con-duct post tender negotiation with the supplier?

A. yes- all tender processes should include post-tender negotiation
B. no- it would be against the law for Damian to do this
C. yes- post-tender negotiation may result in a lower price and thus better value for money
D. no- this isn't necessary as Damian has selected the most appropriate supplier

Answer: B

Explanation:
Damian works in the Public Sector- it is against the law for the public sector to conduct 'post tender negotiation' after a contract has been awarded. This is because it's not transparent and equal opportunities, which are founding principles of public sector procurement.
Private sector can do whatever they want. They can do post-tender negotiations.
NOTE: this is currently the rules as per Public Contract Regulations 2015. These are being superseded in October by new legislation. The study guide doesn't mention this, but it's happening. At the time of writing (January 2023) we don't have the full details about what the new rules are but I doubt they will change on this particular topic. You can find out more about the changes to Public Sector Procurement here: Transforming Public Procurement - GOV.UK (www.gov.uk)

NEW QUESTION # 64
Ivan is an investor who is looking to invest in new businesses. He is reviewing several companies and working out what his equity would be. Which of the following does Ivan need to know to calculate shareholder equity?
Select TWO.

A. total liabilities
B. total assets
C. net income
D. net profit

Answer: A,B

Explanation:
Shareholder Equity = Total Assets - Total Liabilities

NEW QUESTION # 65
Which of the following would be considered a strategic sourcing activity?

A. a bakery ordering eggs
B. a factory ordering a new machine
C. a restaurant ordering plastic cups
D. an office ordering copier paper

Answer: B

Explanation:
a factory ordering a new machine is the correct answer.
Strategic sourcing is for high value, high risk items. The other options given are tactical sourcing as they are low value (eggs, paper and plastic cups).
See p.3 for the differences between tactical and strategic sourcing

NEW QUESTION # 66
Tendering is a more formal and regimented process than sending out requests for quotations. Which of the following are services that are often put out to tender? Select THREE.

A. cleaning
B. security
C. provision of raw materials
D. consultancy
E. office supplies

Answer: A,C,D

Explanation:
security, consultancy and cleaning are services which are often tendered as they tend to be high value and complex opportunities.
Office supplies and raw materials have less variables so you could use a RFQ for these instead.
A hint for this is also the word services. Security, consultancy and cleaning are services. Raw Materials and Office Supplies are goods.

NEW QUESTION # 67
Khalid is a procurement manager in the UK who is looking to source exotic fruit for a retailer. As this type of fruit doesn't grow naturally in the UK Khalid is looking at international suppliers, but is worried about variations in exchange rates. He is considering asking the suppliers to provide quotes in their local currencies.
Will this reduce the risk posed to Khalid?

A. yes- when suppliers quote in local currencies you are more likely to get better prices
B. no- prices should be quoted in GBP / £ as this will reduce the cost of imports
C. yes- suppliers should quote in their own currencies so there is no risk to the importing company
D. no- quoting the prices in GBP / £ will provide Khalid with better security against cur-rency fluctuations

Answer: D

Explanation:
So you can immediately discount the options starting with yes.
Quoting in GBP / £ rather than the supplier's currency reduces the risk to the buyer. It will not re-duce the cost of the import, and will probably increase it as the supplier is then taking on the risk of currency fluctuations.

NEW QUESTION # 68
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