AUTHORIZED L4M4 TEST DUMPS | VALID L4M4 EXAM ANSWERS

Authorized L4M4 Test Dumps | Valid L4M4 Exam Answers

Authorized L4M4 Test Dumps | Valid L4M4 Exam Answers

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CIPS L4M4 Exam Syllabus Topics:

TopicDetails
Topic 1
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 2
  • Understand the key processes that can be applied to the analysis of potential external suppliers:
Topic 3
  • 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.
Topic 4
  • 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.

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Valid L4M4 Exam Answers - L4M4 Reliable Exam Practice

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CIPS Ethical and Responsible Sourcing Sample Questions (Q159-Q164):

NEW QUESTION # 159
A company's balance sheet will show you which of the following?

  • A. profit, loss and assets
  • B. equity, assets and liabilities
  • C. revenue, profit and expenses
  • D. cash coming in and out of the business

Answer: B

Explanation:
a balance sheet shows 'equity, assets and liabilities'. The other financial statements you need to know for this exam are cash flow statements and and income statements.
If you're not familiar with these three I strongly recommend you do some further reading on this before the exam if you can. This is helpful: How the 3 Financial Statements are Linked Together - Step by Step (corporatefinanceinstitute.com)


NEW QUESTION # 160
What would an EBITDA ratio show you?

  • A. how solvent a business is
  • B. how effectively a business uses its assets to generate sales
  • C. how profitable a business is
  • D. how much of a business's funding is made up of long term debt

Answer: C

Explanation:
EBITDA stands for 'earnings before interest, tax, depreciation and amortization'. This is a profitability ratio and would show how profitable a business is.
EBITDA: Definition, Calculation Formulas, History, and Criticisms (investopedia.com)


NEW QUESTION # 161
Which of the following are primary sources of data? Select TWO.

  • A. phone calls with current suppliers
  • B. trade fairs and exibits
  • C. published price lists
  • D. economic indices such as PPI or CPI
  • E. market reasearch commissioned by a rival company

Answer: A,B

Explanation:
Primary data includes trade fairs and exhibits, and phone calls to current suppliers. The others are examples of secondary data.
Remember primary= you do it yourself, Secondary = someone else did it.


NEW QUESTION # 162
The procurement team at Grape Juice Limited often use a weighted point system when ap-praising potential suppliers. What is a disadvantage of using a weighted point system?

  • A. it allows transparency
  • B. it is easy to manipulate
  • C. it is time-consuming to create
  • D. it is hard to be objective

Answer: A

Explanation:
Weighted points systems can be time consuming to create. They're very transparent and allow for objective grading of supplier bids (so these answers are incorrect). They are not easy to manipulate and this is an advantage of using them.


NEW QUESTION # 163
A buyer for a large manufacturing organisation is assessing a sole supplier tender opportunity. The buyer is finding it challenging to differentiate the proposals on unit purchase price. Are there any added values that the procurement manager can use to leverage the sole supplier proposal?

  • A. No, because a buyer has no leverage over a sole supplier
  • B. No, the buyer must make the decision based on the existing information
  • C. Yes, but only if the buyer decides to re-start the tender opportunity
  • D. Yes, the buyer can negotiate on aspects such as after-sales service

Answer: D

Explanation:
In cases where price differentiation is minimal, negotiating on added-value services like after-sales support can offer additional benefits. This aligns with responsible sourcing by focusing on long-term value and fostering a cooperative relationship with the supplier.


NEW QUESTION # 164
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Getting the Ethical and Responsible Sourcing (L4M4) certification will highly expand your expertise. To achieve the L4M4 certification you need to prepare well. L4M4 exam dumps are a great way to assess your skills and abilities. L4M4 Questions can help you identify your strengths and weaknesses and better understand what you're good at. You should take a L4M4 Practice Exam to prepare for the Ethical and Responsible Sourcing (L4M4) certification exam. With L4M4 exam preparation software, you can practice your skills and improve your performance.

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