Summer Sale Special Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: v4s65

L4M4 Exam Dumps - Ethical and Responsible Sourcing

Go to page:
Question # 4

Polygon Incorporated is a new company in the mining industry, which often gets bad press due to issues of sustainability. Which of the following should Polygon Incorporated consider when developing sustainable business practices?

A.

people, profit, planet

B.

economic, ethical and environmental

C.

efficiency, effectiveness, impact

D.

fraud, bribery and corruption

Full Access
Question # 5

A buyer might opt to do an 'Invitation to Tender' rather than a 'Request for Quotation' process because ...

A.

The supplier market is an oligopoly where there are a few large suppliers dominating the market

B.

Time is of the essence, and decisions need to be made quickly without additional stakeholder involvement

C.

The contract will be low value and there are many suppliers, so a simpler approach is required

D.

The nature of the goods or services being purchased is complex and high value

Full Access
Question # 6

Ali is the Category Manager at an airplane manufacturing factory. He works with many different suppliers who provide different components for the planes. The company is investing heavily in Environmental and Social Governance and Ali has been asked by the CEO what the best practice is to ensure ethical behaviour from suppliers. Ali has suggested completing Audits. Is this the right thing to do?

A.

No- audits will only reveal financial issues not ethical ones

B.

No- Ali should simply ask the supplier's about their ethical practices

C.

Yes- audits always uncover ethical violations such as modern day slavery

D.

yes - these can be completed without warning which would give Ali an accurate picture of the supplier's operations

Full Access
Question # 7

What is the best way to demonstrate that your organisation does not tolerate bribery and corruption?

A.

Not working with suppliers who you have heard have a reputation for bribery and corruption

B.

Requesting your supplier’s ethical policies on an annual basis

C.

Having full anti-bribery training, policies, and procedures in place

D.

Asking all suppliers to read your organisation’s policy on anti-bribery and corruption

Full Access
Question # 8

Which of the following are key areas of regulations governing responsible procurement and supply?

A.

Digitisation, artificial intelligence, and innovations

B.

Company culture, product branding, and staff uniforms

C.

Ethical practice, data protection, and marketplace competition

D.

Competitive pricing, unsecured loans, and threats of new entrants

Full Access
Go to page: