CIPS L4M4 Valid Dump : Ethical and Responsible Sourcing

L4M4 real exams

Exam Code: L4M4

Exam Name: Ethical and Responsible Sourcing

Updated: Oct 11, 2026

Q & A: 293 Questions and Answers

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CIPS L4M4 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Understand the key processes that can be applied to the analysis of potential external suppliers:
Topic 2
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
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 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.

Reference: https://www.cips.org/qualifications/diploma-in-procurement-supply/ethical-and-responsible-sourcing

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CIPS Ethical and Responsible Sourcing Sample Questions:

Question #1

'Phishing' is an activity that can occur when an employee within an organisation receives an email that appears to be from a genuine supplier but is false. These types of emails expose the organisation to the activities of expert cyber criminals. Which type of crime category does this activity fall within?

  • A. Fraud
  • B. Human rights
  • C. Bribery
  • D. Corruption
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

Other than price, what should a buyer consider when evaluating supplier quotations?
* Lead times
* Add-on costs
* Wastage rates
* Past performance

  • A. 2, 3 and 4 only
  • B. 1, 2 and 3 only
  • C. 3 and 4 only
  • D. 1, 2 and 4 only
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

Raja is a procurement manager who is keen to gain further insight into the current marketplace and whether local suppliers are capable to provide a service he is looking to procure. He wishes to test the market before he begins a formal tender process. What should Raja do?

  • A. conduct an open competition
  • B. send out a RFI
  • C. speak with his current suppliers
  • D. send out a RFQ
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

One of the typical selection criteria applied in determining the right supplier is 'technical capabilities', which might include ...

  • A. The supplier's brand name is highly reputed for being associated with the Ethical Trading Initiative
  • B. The supplier's financial ratios, revealing that they are very highly geared
  • C. The supplier's ability to produce all required quantities and maintain contingency stocks
  • D. The supplier's ability to keep its plant and machinery in a high state of repair and maintenance
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

What are the two main financial accounting statements of an organisation that show values of assets/liabilities and profit earned?

  • A. Cash flow statement & balance sheet
  • B. Cash flow statement & profit and loss account
  • C. Profit and loss account & chairman's statement
  • D. Balance sheet & profit and loss account
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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