Free Practice CIPS L4M4 Exam Questions 2025

Stay ahead with 100% Free Ethical and Responsible Sourcing L4M4 Dumps Practice Questions

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Total 523 Questions | Updated On: Jun 12, 2025

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Question 1

Which of the following involves supplier analysis, make or buy decisions, the consideration of outsourcing and evaluating associated risks?

A : Tender assessment

B : Sourcing

C : Insourcing

D : Purchasing

Answer: B

Question 2

Procurement professionals should never appoint any suppliers that have a low credit rating. Is this statement TRUE?

A : Yes, because this rating indicates poor financial management practices

B : No, because a credit rating is only one financial tool to be used in determining financial competence

C : No, because a credit rating is not an appropriate decision-making tool

D : Yes, because this rating means that insolvency or liquidation is imminent

Answer: B

Question 3

Which of the following is an accurate statement about public tendering process?

A : Performance specification is not allowed to use in public tendering process

B : There are no requirement on public tendering timescales

C : All public purchases are mandated to use tendering process

D : Tendering procedure is strongly regulated in the public sector compared to the private sector

Answer: D

Question 4

Tendering is a more formal and regimented process than sending out requests for quotations. Which of the following are services that are often put out to tender? Select THREE.

A : security

B : consultancy

C : provision of raw materials

D : office supplies

E : cleaning

Answer: B,C,E

Question 5

Incoterms are designed to be understood and interpreted on a worldwide basis. What is the interpretation for FOB (Free on Board)?

A : The buyer takes responsibility for the goods after they are loaded on the ship, plus all subsequent costs, including freight charges

B : The buyer takes responsibility for the goods after they are loaded on the ship, plus subsequent costs, excluding freight charges

C : The buyer takes responsibility for taking the goods from the departure quayside to the ship, plus all subsequent costs

D : The buyer takes responsibility for transferring the goods from the seller's premises to the ship, plus all subsequent costs

Answer: A

Page: 1 / 105

Total 523 Questions | Updated On: Jun 12, 2025

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