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Ethical and Responsible Sourcing

Last Update Jun 16, 2025
Total Questions : 217 With Methodical Explanation

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All CIPS Level 4 Diploma in Procurement and Supply Related Certification Exams


L4M1 Total Questions : 44 Updated : Jun 16, 2025
L4M2 Total Questions : 237 Updated : Jun 16, 2025
L4M3 Total Questions : 196 Updated : Jun 16, 2025
L4M5 Total Questions : 317 Updated : Jun 16, 2025
L4M6 Total Questions : 226 Updated : Jun 16, 2025
L4M7 Total Questions : 255 Updated : Jun 16, 2025
L4M8 Total Questions : 192 Updated : Jun 16, 2025

Ethical and Responsible Sourcing Questions and Answers

Questions 1

In the Public Sector, what is the evaluation criteria most often used when evaluating bids from suppliers?

Options:

A.

Most Economically Advantageous Tender

B.

Best Value for Money

C.

Cheapest Overall Tender

D.

Best Business Fit

Questions 2

What are some of the benefits of conducting unscheduled supplier audits? Select TWO that apply.

Options:

A.

Unscheduled audits significantly reduce costs compared to scheduled visits

B.

Unscheduled audits help to achieve an unbiased assessment

C.

Unscheduled audits help to identify non-compliance issues

D.

Unscheduled audits increase the risk of providing misinformation

E.

Unscheduled audits are more time-efficient than scheduled audits

Questions 3

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?

Options:

A.

tactical

B.

strategic

C.

outsourcing

D.

insourcing