CIPS
L4M4
Q1:
Which of the following are signs that modern-day slavery might be taking place within the supply chain? Select THREE.
☐
A
suspiciously low labour costs☐
B
poor quality products☐
C
workers that live on-site☐
D
suppliers who speak English as a second language☐
E
supplier based in a country with a low score on the Corruption Perception Index
CIPS
L4M4
Q2:
According to the CIPS code of conduct, which laws should a procurement professional adhere to?
○
A
all laws within the country they work in○
B
all international procurement legislation○
C
all laws published by international organisations such as ILO○
D
all laws within countries they have business and contracts in
CIPS
L4M4
Q3:
Bribery is considered an unethical business practice. What constitutes a bribe?
○
A
anything that is of value to the recipient○
B
something that has monetary value○
C
something of significant monetary value○
D
anything that can be traded illegally
CIPS
L4M4
Q4:
Which of the following payment mechanisms is most beneficial to the buyer?
○
A
open/ credit account○
B
term / time draft○
C
sight draft○
D
cash in advance
CIPS
L4M4
Q5:
Steff is a procurement manager at Giant Buttons Ltd who are considering offshoring a small section of their manufacturing operations. Which of the following is a risk of offshoring that Steff should consider.
○
A
importation rules and tariffs○
B
exportation rules and tariffs○
C
payments by electronic bank transfer○
D
lower operating costs