Free CIPS L4M4 Exam Questions

Become CIPS Certified with updated L4M4 exam questions and correct answers

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Total 426 Questions | Updated On: Nov 11, 2024

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Question 1

Which of the following are documents that procurement professionals can use to assess supplier's financial performance? Select TWO that apply

A : h flow statements

B : R policies

C : lance sheets

D : n-disclosure agreement

E : ticles of incorporation

Answer: A,C

Question 2

Price is the only award criterion which helps the buying organization achieve "Value for Money" in every purchases. Is that statement correct?

A : Yes, because the price will determine whether or not the supplier is competent to satisfy the order

B : No, because "Value for Money" might includes other criteria in stead of only price aspect

C : Yes, because lowest production cost is the only goal of every businesses

D : No, the price is the most crucial criterion in sourcing strategic items

Answer: B

Question 3

When deciding on 'Make versus Buy', procurement professionals have to consider the level of competition in supply market. Which of the following will improve the buying organisation's bargaining power?

A : gh direct labour costs

B : market has high entry barrier to new entrants

C : bstitutes for the product or service are readily available

D : suppliers are larger than the buying organisation in the industry and more concentrated

Answer: C

Question 4

What will be used to calculate working capital? Select TWO that apply.

A : preciation

B : ventories

C : oss margins

D : counts payable

E : ng-term Debts

Answer: B,D

Question 5

Which of the following are examples of secondary data that might be useful to understand the market when sourcing? Select the TWO that apply.

A : oducer Price Index (PPI)

B : ails with potential suppliers

C : ofessional magazines

D : Exhibitions

E : terviews with supplier

Answer: A,C

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Total 426 Questions | Updated On: Nov 11, 2024

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