CIPS L4M4 Valid Test Bootcamp & L4M4 Hot Spot Questions
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CIPS L4M4 Exam Syllabus Topics:
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L4M4 Hot Spot Questions - L4M4 Real Testing Environment
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CIPS Ethical and Responsible Sourcing Sample Questions (Q149-Q154):
NEW QUESTION # 149
In order to assess whether a company is able to meet its current liabilities, which financial ratio should you use?
Answer: C
Explanation:
"Meet current liabilities" is a posh way of saying "can you pay your bills". You're therefore looking for a liquidity ratio- a ratio that looks at assets vs liabilities (i.e. money in the bank vs money owed out). The Acid Test is a liquidity ratio. It's sometimes called the 'quick ratio'. Both terms come up on the exam. The other options are financial ratios but aren't for liquidity.
NEW QUESTION # 150
Why is it important, when awarding high-value contracts, for a buyer to conduct a financial assessment of a supplier?
Answer: C
Explanation:
Financial assessments help ensure a supplier can meet the demands of a high-value contract without disruptions. This aligns with responsible sourcing principles by promoting stable supplier relationships and reducing the risk of supply chain interruptions due to financial instability.
NEW QUESTION # 151
Commodities are items which can be traded on the stock exchange. These are generally divided into four categories. What are these four categories?
Answer: C
Explanation:
energy, agriculture, metals, livestock are the four trading categories on the stock exchange. Some-times there's a 5th category added which is 'environmental credits'. This is a fairly new thing and you don't need to know anything about this for this exam.
Question no commodities will mainly centre around characteristics of commodities and factors that affect pricing.
Commodities are discussed much more in detail in L5M4. At level 4 you just need a basic overview.
NEW QUESTION # 152
A company has a low gearing of 20%. This shows that the company relies on equity capital and should therefore have less difficulty coping during tough economic times. Is this statement TRUE?
Answer: D
Explanation:
the correct answer is 'Yes- a low gearing ratio means the company's finances are made up of equity rather than debt'.
Remember low gearing = good (based on equity), high gearing = bad (based on debt). Anything over 50% is considered high.
The two no answers are therefore incorrect and you can discount these straight away. The other yes answer is one of those answers which COULD be true, but isn't always true, and we'd need more information to know for sure. When you get options like this there will be one that is always right and one which is sometimes right - so always pick the always right one.
Dealing with supply chain disruptions is complex, and depending what the disruption is, how big it is, what the industry is etc determines whether a supplier can handle it or not. Because there's more factors to consider than just gearing, this isn't the right answer.
NEW QUESTION # 153
Why should procurement collate and review the buying organisation's historic supplier spend data prior to tendering?
* To identify opportunities where savings can be achieved
* To ensure suppliers deliver goods and services on time
* To eliminate supplier corruption and favouritism
* To make informed decisions about the suppliers to work with
Answer: C
Explanation:
Reviewing historical supplier spend data enables procurement professionals to identify areas wherecost savings can be achieved by analyzing past expenditures and supplier performance. This analysis also aids in making informed decisions about future supplier engagements by understanding previous spending patterns and supplier reliability.
Exact Extract from Study Guide:
"Spend analysis is a process that analyses the historical spend data of your organisation to provide answers to questions concerning spend visibility, compliance, and cost-saving opportunities."
NEW QUESTION # 154
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