Spring Sale Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: buysanta

Exact2Pass Menu

Ethical and Responsible Sourcing

Last Update 2 hours ago Total Questions : 301

The Ethical and Responsible Sourcing content is now fully updated, with all current exam questions added 2 hours ago. Deciding to include L4M4 practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our L4M4 exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these L4M4 sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Ethical and Responsible Sourcing practice test comfortably within the allotted time.

Question # 4

Daniel is evaluating bids from new suppliers who are looking to supply his company XYZ Indus-tries with components for manufacturing. Although price is important, Daniel wishes to consider 'added value'. Which of the following is considered an 'added-value solution'? Select THREE

A.

innovation

B.

on time in full deliveries

C.

bulk discount

D.

sustainability

E.

cost plus pricing

Question # 5

Which of the following is an example of intracompany trading? Select TWO

A.

a manufacturer in the UK buys raw copper from a supplier in Chile

B.

two companies owned by the same entity conduct business

C.

two companies join together to create a new product

D.

two departments within the same company collaborate on a project

E.

cleverness

Question # 6

A buyer might opt to do an 'Invitation to Tender' rather than a 'Request for Quotation' process because ...

A.

The supplier market is an oligopoly where there are a few large suppliers dominating the market

B.

Time is of the essence, and decisions need to be made quickly without additional stakeholder involvement

C.

The contract will be low value and there are many suppliers, so a simpler approach is required

D.

The nature of the goods or services being purchased is complex and high value

Question # 7

Which of the following is an advantage to the TUPE regulations?

A.

Continuity of supply for the buying organisation

B.

Value for money for the buying organisation

C.

Reduced overheads for the buying organisation

D.

Increase in buyer power

Question # 8

Greg is doing some research on a potential supplier and is concerned that the supplier's funding is based on long-term debts and loans. Working with this supplier therefore might bring additional risks to Greg's business. What should Greg do about his concerns?

A.

use the Return on Investment Ratio

B.

do an Acid Test

C.

work out the supplier's EBITDA

D.

work out the supplier's gearing ratio

Question # 9

When using a 'credit account' payment mechanism, when does a supplier receive payment for the goods?

A.

after delivery

B.

in advance of delivery

C.

when they receive the PO

D.

before the order is placed

Question # 10

Commodities can be traded on a stock exchange and are generally divided into one of four categories. Which of the following is not one of these four categories?

A.

energy

B.

livestock

C.

metals

D.

plastics

Go to page: