Free CIPS L4M4 Exam Questions

Become CIPS Certified with updated L4M4 exam questions and correct answers

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Total 486 Questions | Updated On: Feb 20, 2025

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Question 1

When would a procurement professional use the Pareto principle?

A : when considering changing a supplier

B : when conducting a value analysis

C : when looking at whole-life-cycle costs

D : when appraising a supplier

Answer: A

Question 2

The procurement team received an urgent request from the business to source quotations for pestcontrol services. The team decided to use a local newspaper to advertise the requirements. Was this an appropriate approach to use in the circumstances?

A : Yes, so that the local pest control sector can decide between them who should bid

B : No, because they might receive too many irrelevant proposals which may delay the assessing process

C : No, because international vendors must also be notified of the opportunity

D : Yes, they must seek as many bids as possible, even if it takes longer

Answer: B

Question 3

Which of the following should be assessed in supplier proposals to check compliance with environmental, social, and governance (ESG) standards? Select THREE that apply.

A : The company's criteria for make or buy decisions

B : The financial stability of the company

C : Procedures on intra-company trading

D : The company’s employee working conditions

E : The company's code of ethics

F : The company's policy on carbon emissions

Answer: D,E,F

Question 4

Which of the following Incoterms has the lowest risk for the supplier?

A : ex works

B : delivered at terminal

C : free on board

D : delivered duty paid

Answer: A

Question 5

The bill of lading is one of the main documents associated with sea freight within international sourcing. Which of the following statements represent some of the uses of the bill of lading? Select TWO that apply.

A : It provides evidence of the contract of carriage for the goods

B : It provides evidence of the title of ownership of the goods

C : It provides evidence of the country of origin of the goods

D : It provides evidence that the goods are fully insured in transit

E : It provides evidence guaranteeing the use of Incoterms on the goods

Answer: A,B

Page: 1 / 98

Total 486 Questions | Updated On: Feb 20, 2025

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