L4M4 시험 - CIPS실제시험문제와 답 - 120문항

Question No : 1

Sourcing aims to achieve the best value for money by taking into account several factors. Freddy is sourcing a new component for his company which manufactures tractors.
Should Freddy take into consideration ethics and sustainability?

A.yes- ethics and sustainability form part of 'value for money'
B.yes- ethics and sustainability show that the products are fit for purpose
C.no- 'value for money' is concerned with achieving the lowest price
D.no- 'value for money' only concerns price and if the product is fit for purpose

정답:
Explanation:
"yes- ethics and sustainability form part of 'value for money' " is the correct answer.
There are several factors that represent value for money and these are listed on p.3. These include; price, delivery, quality, ethics, sustainability and availability.

Question No : 2

Bob works in the procurement department of a construction firm. He has been asked to procure an item for a short-term project which is considered low risk.
What type of sourcing will he be completing?

A.tactical
B.strategic
C.outsourcing
D.insourcing

정답:
Explanation:
tactical is the correct answer; items that are short-term or low value are considered tactical.
Strategic sourcing is long term and high value.
Outsourcing is moving a key business function to an external company.
Insourcing is bringing a previously outsourced part of the company back in-house.

Question No : 3

ABC Ltd works with supplier XYZ Ltd who uses a variety of subcontractors. ABC has recently learned of an ethical breach being committed by one of XYZ's subcontractors.
What should ABC do?

A.Recommend remedial action
B.Seek compensation
C.Terminate the contract
D.Research alternative suppliers

정답:
Explanation:
ABC should do a 'root cause analysis' to find out where the issue has come about, and why. From there, once they know what the breach is and how serious it is, they can suggest corrective action. They can't jump straight to terminating the contract or seeking damages as it's not the supplier itself but rather the subcontractor. Also that would be really hasty considering we don't know what the issue is and what the market conditions are like. That supplier may be the only one who can provide the product. We also don't know if the supplier knows about the issue themselves.

Question No : 4

If a company is concerned with ethical sourcing and has concerns about issues such as corruption and modern day slavery within the supply chain, what course of action should they take?

A.Only work with known suppliers
B.Complete Due-Diligence on all new suppliers
C.Only work with suppliers who have a published Anti-Slavery policy
D.Complete formal tenders to find the best suppliers

정답:
Explanation:
Completing Due Diligence checks will help guard against concerns about unethical business practices.
Not all companies will have a published Anti-Slavery policy- this is only required for large companies. Known suppliers might have issues that you don't know about so you should always do due-diligence checks on everyone you work with
Formal tenders won't sort out ethical issues unless specifically addressed within the tender and strong contract management is put in place afterwards.

Question No : 5

Phishing is a type of fraud that is commonly associated with which industry?

A.Agriculture
B.Mining
C.IT
D.Construction

정답:
Explanation:
Phishing is a type of fraud where IT users are sent a link (usually by email) which exposes them to activities of expert cybercriminals.

Question No : 6

An organisation is keep to include Social Outcomes in it's assessment for Value for Money for a new tender.
Which of the following should be considered?

A.use of local labour to deliver the contract
B.CO2 emissions of the supplier's delivery vehicles
C.supplier's ESG policy
D.accreditations such as Fair Trade

정답:
Explanation:
Social value is about benefitting the local community / society. Therefore of those options listed, use of local labour is the most appropriate to consider.

Question No : 7

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

정답:
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.

Question No : 8

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

정답:
Explanation:
In a 'Credit Account' payment mechanism- the supplier receives payment after the goods are delivered, in line with agreed payment terms (which may be 30 days or something like that).

Question No : 9

Which of the following payment mechanisms is most beneficial to the supplier?

A.open account
B.cash in advance
C.sight draft
D.letter of credit

정답:
Explanation:
cash in advance is the most beneficial to a supplier.
Open account /credit account is the most beneficial to the buyer. Learn this as it's a known exam topic.

Question No : 10

What is a major benefit to using Incoterms when sourcing goods internationally?

A.it ensures value for money
B.it ensures ethical business practices
C.it replaces lengthy contractual clauses
D.it replaces the need for insurance

정답:
Explanation:
Incoterms can replace lengthy contract clauses as they replace the need for contracts to detail which party is responsible for organising transport, paying duties, having the insurance etc.
Incoterms is an odd one for exam topics- some students say it was a huge part of their exam and there were many questions on this. Others said there were just one or two. Questions get randomly assigned from the bank so it's completely random how many you'll get on this topic.

Question No : 11

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

A.FAS
B.FOB
C.CRF
D.EXW

정답:
Explanation:
EXW- exworks is a suitable incoterm for transporting goods both by rail and boat. It can be used regardless of the mode of transport. The other three are for transport over water. P. 143 Shipping Incoterms: the Complete Guide - Guided Imports
Some students report a lot of questions on Incoterms in the exam, some say they only had 1. Best bet is to learn them if you possibly can.

Question No : 12

The International Chamber of Commerce (ICC) publish a list of commercial rules known as Inco-terms.
What is the purpose of these rules?

A.to state which products can be exported from which countries
B.to ensure buyers and suppliers pay the correct level of tax on imported and exported goods
C.to describe the point at which an item is considered delivered
D.to provide internationally recognized product descriptions

정답:
Explanation:
Incoterms describe the point at which an item is considered 'delivered' and explains who has the risk of what during the transport of the goods.

Question No : 13

Henry is importing cheese from South East Asia into the UK. He is doing some research on the costs and risks of this and has discovered that the product may be considered of 'non-preferential origin'.
What implications would this mean for Henry?

A.he will require insurance
B.the goods are subject to tariff quotas
C.there are no duty charges or limitations
D.the goods are banned in the UK

정답:
Explanation:
Items of 'Non-Preferential Origin' are subject to tariff quotas and other customs commercial regulations. 'Preferential Origin' goods have no duties or tariffs.
The good news is CIPS have significantly simplified section 3.2 of the syllabus. The new study-guide is much lighter on names of documents and protocols for importing and quotas etc. The focus of this Learning Outcome has shifted more to Inco Terms so I would focus on that for revision, but do make sure you have a basic understanding of documents, law and jurisdiction.

Question No : 14

A buyer is only interested in working with suppliers who have strong Environmental and Social Governance practices. It is therefore using ethical criteria as supplier selection stage to determine which suppliers to work with.
Which of the following statements is true?

A.compliance with Codes of Conduct from professional bodies is mandatory
B.ethical behaviour is impossible to determine as issues such as Modern Slavery often go undetected
C.the buyer should ask suppliers to be accredited to ISO9001a supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs

정답:
Explanation:
A supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs is the correct answer.
The other options are wrong:
1) Compliance with Codes of Conduct from professional bodies is optional. E.g. CIPS - no organi-sation is forced to comply with CIPS.
2) Unethical behaviour is not impossible to detect, it may be difficult but with correct due diligence and things like audits it's completely possible
3) ISO 14001 is quality management so is irelevent.

Question No : 15

Ali is the Category Manager at an airplane manufacturing factory. He works with many different suppliers who provide different components for the planes. The company is investing heavily in Environmental and Social Governance and Ali has been asked by the CEO what the best practice is to ensure ethical behaviour from suppliers. Ali has suggested completing Audits.
Is this the right thing to do?

A.No- audits will only reveal financial issues not ethical ones
B.No- Ali should simply ask the supplier's about their ethical practices
C.Yes- audits always uncover ethical violations such as modern day slavery
D.yes - these can be completed without warning which would give Ali an accurate picture of the supplier's operations

정답:
Explanation:
The correct answer is 'yes - these can be completed without warning which would give Ali an accurate picture of the supplier's operations'.
The other options are incorrect:
1) you can do many types of audit- financial, ethical, Health and Safety etc
2) asking a supplier about their ethical practices isn't likely going to get you accurate information. They'll just tell you what they think you want to hear
3) audits are great- but they don't ALWAYS uncover issues. Always is the key word in that sentence which makes it incorrect.

CIPS L4M4 시험