Free L4M4 Exam Questions - Easiest Way for Success

Prepare for the CIPS L4M4 exam questions with our authentic preparation materials, including free L4M4 practice exam questions and answers. TheExamsLab provides all the support you need to succeed in the Ethical and Responsible Sourcing L4M4 exam. This dedication to student success is why we have the most satisfied L4M4 certification exam candidates worldwide.

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Total 426 Questions | Updated On: Sep 11, 2024

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Question 1

Which of the following are reasons why governments impose tariffs and duties on imported goods? Select TWO that apply.

A : To protect domestic infant industries from competition

B : To detect and eliminate corruptions

C : To promote international trade and prosperity

D : To provide their citizens better products from foreign manufacturers

E : To ensure national security

Answer: A

Question 2

Which of the following would you use to determine the outcome of a competitive tender? Select TWO.

A : location

B : distribution

C : reputation

D : quality

E : price

Answer: D,E

Question 3

A supplier operates in a monopolistic market where the threat of entry is low. The product that they offer is key in manufacturing certain types of submarines and there is no known substitute for the product at present. What type of sourcing relationship is a buyer likely to have with this supplier?

A : single sourced

B : sole sourced

C : multiple sourced

D : dual sourced

Answer: B

Question 4

Which of the following are factors that a buying organisation should take into account in Make or Buy decisions?

1. Type of purchase

2. The product or service

3. Buying organisation's current position

4. Evaluation of shortlisted suppliers

A : 1 and 2 only

B : 3 and 4 only

C : 2 and 3 only

D : 1 and 4 only

Answer: C

Question 5

A Bill of Exchange is an important document used when importing goods into a country from abroad. What is the purpose of this document?

A : details who is responsible for the insurance of the goods during transit

B : specifies the country of origin of the goods

C : explains which tariffs apply to the goods

D : details payment instructions

Answer: D

Page: 1 / 86

Total 426 Questions | Updated On: Sep 11, 2024

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