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L4M4 Exam Dumps - Ethical and Responsible Sourcing

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Question # 57

Which of the incoterms listed are suitable for transporting goods via train?

A.

FAS

B.

FOB

C.

CRF

D.

EXW

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Question # 58

In which circumstances would a procurement manager effectively use competitive tendering for the award of contracts?

A.

When the value of the procurement is high and special tooling is a major factor

B.

When the requirement is needed urgently and price is not the most important factor

C.

When the suppliers have technical expertise, and the value of the procurement is relatively high

D.

When the specification is likely to be continuously reviewed as the contract progresses

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Question # 59

A balance sheet will show a company's assets, liabilities and shareholder equity. What is share-holder equity?

A.

the profit from sales once tax has been deducted

B.

the amount of money held in the company's bank account

C.

the owners' residual claim once all debt has been paid

D.

the amount of money from retained earnings

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Question # 60

Dylan is looking to appoint a new supplier of paint to his manufacturing business. The paint will be used to paint buses and taxis and therefore needs to be high quality and durable. Which of the following should Dylan look for in terms of quality management when appraising the suppliers?

A.

ISO9001

B.

Carter's 10 Cs

C.

ESG

D.

conformance specification

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Question # 61

What is the best way to demonstrate that your organisation does not tolerate bribery and corruption?

A.

Not working with suppliers who you have heard have a reputation for bribery and corruption

B.

Requesting your supplier’s ethical policies on an annual basis

C.

Having full anti-bribery training, policies, and procedures in place

D.

Asking all suppliers to read your organisation’s policy on anti-bribery and corruption

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Question # 62

Other than price, what should a buyer consider when evaluating supplier quotations?

    Lead times

    Add-on costs

    Wastage rates

    Past performance

A.

1, 2, and 4 only

B.

1, 2, and 3 only

C.

2, 3, and 4 only

D.

1, 3, and 4 only

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Question # 63

Which of the following are remedial actions that may be undertaken by the purchasing organisation following a supplier audit? Select the TWO that apply.

A.

Violating the terms of the supplier contract

B.

Define specific corrective actions for the supplier

C.

Daily brainstorming meetings with the supplier

D.

Employing the supplier’s staff for job training

E.

Running supplier development programmes

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Question # 64

Incoterms are divided into four main groups to follow the movement of goods covering the exporter’s premises, export and import points, and cost and risk. Which letters represent the four groups of Incoterms?

A.

E, F, C, and D

B.

E, F, B, and C

C.

B, C, F, and G

D.

A, B, C, and D

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