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L4M4 Exam Dumps - Ethical and Responsible Sourcing

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Question # 4

Roberto is running a tender in which his main concern is price. However he is keen to hear also about the companies' Corporate Social Responsibility Policies and how this will impact their delivery. Roberto is considering awarding the CSR question 4 points in a weighted point system. If he does this, what weight should be given to the price?

A.

4

B.

5

C.

8

D.

96

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Question # 5

When would a procurement professional use the Pareto principle?

A.

when considering changing a supplier

B.

when conducting a value analysis

C.

when looking at whole-life-cycle costs

D.

when appraising a supplier

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Question # 6

There are a number of models that can be used to appraise suppliers before commencing a full tendering process. Which of the following could be considered when appraising a supplier?

    Capacity

    Control

    Compatibility

    Commodity

A.

1 and 2 only

B.

2 and 4 only

C.

1 and 3 only

D.

2 and 3 only

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Question # 7

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

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Question # 8

A buyer has discovered their supplier has taken the passports of some of their workforce. The supplier has offered the buyer a discount against the contract, but the discount only applies if the buyer does not report this finding. Which ethical concerns should the buyer report to the necessary stakeholders?

    Fraudulent activity

    Bribery

    Modern slavery

    Breach of confidentiality

A.

2 and 3 only

B.

1 and 3 only

C.

1 and 4 only

D.

2 and 4 only

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