L4M4 ACTUALTEST | TEST L4M4 REGISTRATION

L4M4 Actualtest | Test L4M4 Registration

L4M4 Actualtest | Test L4M4 Registration

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Tags: L4M4 Actualtest, Test L4M4 Registration, L4M4 Valid Braindumps, L4M4 Reliable Learning Materials, L4M4 Free Exam

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CIPS L4M4 Exam Syllabus Topics:

TopicDetails
Topic 1
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 2
  • Understand compliance issues when sourcing from suppliers: It explores legislative, regulatory, and organizational requirements for sourcing. It compares the use of audit and other mechanism of feedback.
Topic 3
  • Understand options for sourcing requirements from suppliers: This section covers the sourcing process, approaches, options, and award criteria for obtaining requirements from suppliers. The sub-topics provide a foundation for strategic sourcing.
Topic 4
  • Understand the key processes that can be applied to the analysis of potential external suppliers:

CIPS Ethical and Responsible Sourcing Sample Questions (Q125-Q130):

NEW QUESTION # 125
The procurement manager has received the following data from the supplier's accounts to facilitate the calculation of the supplier's current ratio:
Current Assets: Stock $200; Debtors $60; Cash $40; Total $300
Short Term Liabilities: Bank overdraft $150
Which calculation will the procurement manager use to find out the current ratio?

  • A. 300÷150300 ÷ 150300÷150
  • B. (300#150)×100(300 - 150) × 100(300#150)×100
  • C. 300÷200×150300 ÷ 200 × 150300÷200×150
  • D. (300#200#150)×100(300 - 200 - 150) × 100(300#200#150)×100

Answer: A

Explanation:
The current ratio is calculated by dividing total current assets by total current liabilities. Here, dividing $300 by $150 gives a current ratio of 2.0, indicating that the supplier has adequate current assets to cover its short- term obligations, an important factor in supplier evaluation.


NEW QUESTION # 126
Which of the following incoterms has the lowest risk to the buyer?

  • A. delivered duty paid
  • B. exworks
  • C. free on board
  • D. carriage and insurance paid to

Answer: A

Explanation:
The lowest risk to the buyer is 'delivered duty paid'. This is because the supplier does all the work transporting the items to the buyer's premises. Incoterms_2020_chart | Intersped


NEW QUESTION # 127
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. plastics
  • D. metals

Answer: C

Explanation:
Plastic is not a commodity. A commodity is something that is naturally occurring and plastic is manufactured.
The other category of commodity is agriculture.


NEW QUESTION # 128
Which of the following is not a type of fraud that procurement professionals should be vigilant for?

  • A. coersion
  • B. phishing
  • C. kickback
  • D. identity theft

Answer: A

Explanation:
Coercion is not a type of fraud. The other three are.


NEW QUESTION # 129
When assessing the financial performance of a potential supplier, it is important to understand how much gross profit they are making. The gross profit margin ratio uses which of the following pieces of information from the profit and loss (statement of financial performance)? Select TWO that apply.

  • A. Value of equity capital
  • B. Current liabilities
  • C. Cost of goods sold
  • D. Income from sales
  • E. Total current assets

Answer: C,D

Explanation:
The gross profit margin ratio is calculated by subtracting the cost of goods sold (COGS) from income from sales, then dividing by income from sales. This ratio indicates the profitability of a supplier, a critical factor in assessing financial health, which helps buyers ensure reliable supply continuity.


NEW QUESTION # 130
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