Managing Ethical Procurement and Supply L5M5 Dumps

dumps2023-08-23T09:36:48+08:00

Managing Ethical Procurement and Supply L5M5 Dumps is a critical aspect of maintaining a sustainable and responsible business. Ethical procurement and supply involve ensuring that the goods and services a company acquires are produced and delivered in a manner that is both socially and environmentally responsible. By studying all of Managing Ethical Procurement and Supply L5M5 dumps, you can pass the test easily. Free CIPS Certification L5M5 exam dumps are below.

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1. The unethical practice of using information that is not publicly available to trade on the stock market is commonly known as what?

bribery

kickback

insider trading

greasing the wheels

2. Which of the following form the 'Triple Bottom Line'? Select THREE

people

planet

product

profit

placement

3. Which organisation is responsible for the creation of the 2030 Sustainable Development Agenda?

NATO

ISO

ILO

4. Which of the following are benefits to sustainable business practices? Select TWO

increased productivity and reduced waste

competitive advantage

weakened performance

increased spending

5. Ruben is a new Procurement Manager at XYZ Company. He has been charged with buying a new piece of machinery for a factory. Having looked at several options, and considered sustainability, he has opted to buy the more expensive piece of machinery.

In terms of sustainability, why might he have made this choice?

The higher priced item will be of better quality

The higher priced item is from a more reputable company

In terms of life-cycle costing the more expensive item may be cheaper in the long term

The more expensive piece of equipment will be more environmentally friendly

6. The use of child labour can affect which parties in the supply chain? Select TWO

producers

retailers

suppliers

manufacturers

7. Under the Equalities Act 2010 which of the following is not a protected characteristic?

disability

pregnancy

age

weight

8. Which of the following tools allows you to asses internal factors or drivers?

SWOT

STEEPLED

GDP

ABC Analysis

9. There are many different drivers of globalisation.

Which of the following would be considered a cost driver?

improvements in transport technology

to increase value for stakeholders

trading rules abroad less stringent

opportunity to build economies of scale

10. Which of the following could be considered a competitive advantage for a company?

reduced lead times

high profit margin

return on investment

brand reputation

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11. What is the purpose of an IPO (International Procurement Organisation)?

to encourage all organisations to move operations abroad

to identify the most cost effective manufacturers across the world

to facilitate transport logistics

to run background checks on potential international supply partners

12. Jan is a procurement manager and is exploring the option of Low Cost Country Sourcing.

Which of these is a legitimate motive for this?

to exploit other countries natural resources

to avoid stringent restrictions in your own country

to get free holidays

to reduce operational expenses

13. Labour standards facilitate international trade and there are international regulations to secure this. Is this statement TRUE?

yes- labour standards are regulated by the UN and other multi-national bodies

yes- there is a minimum labour standard governing pay and conditions

no- labour standards vary from country to country

no- no countries have established labour standards

14. An international trade dispute would be resolved by which organisation?

WTO

ILO

none- governments must resolve disputes themselves

15. The main aim of the ILO is to promote rights at work and improve social protection. Is this TRUE?

yes- the ILO is an agency of the UN which deals with labour problems

yes- the ILO sets trade rules between nations

no- the purpose of the ILO is to increase international trade

no- the ILO was formed in 1975 to encourage globalisation

16. Ben is the CEO of a medium sized company based in the UK with an annual turnover of £20million. He has a small supply chain that comprises of suppliers based in the UK and China.

Must Ben produce an Anti-Slavery Statement for his business?

yes- it is compulsory for all companies in the UK

yes- it must be published on his website

no- this is not a legal requirement for his company

no- the government will produce this for him

17. People in the UK earn entitlements to Social Security through the payment of National Insurance. Under what circumstances are people provided payment? Select THREE

sickness

redundancy

retirement

change of job

marriage

18. Banks, Investors and Consumers form which type of stakeholder?

internal stakeholder

external stakeholder

connected internal stakeholder

connected external stakeholder

19. Supply Chain Operations Reference (SCOR) is model of supply chain mapping used by many procurement professionals.

Which of the following are advantages of SCOR? Select TWO

it can be used across different industries

it can relate to both internal and external factors

it can improve and communicate organisational decisions

it ensures costs remain low

20. Santino is a procurement manager at ABC Ltd. He manages a contract with a supplier. The relationship is characterised by both companies seeking advantages at the expense of the other.

What type of relationships does Santino have with his supplier?

partnership

transactional

closer tactical

adversarial

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21. Samir is the Project Manager of a large construction project. Due to the complexity of the build, the main contractor has employed further specialist companies to provide electrical wiring and fire doors.

What is the disadvantage of using subcontractors for this work?

increased costs

lower quality of work

less control

compliance with the law

22. Which of the following are tools that a company can use to improve sustainability across the supply chain? Select THREE

Benchmarking

Supplier Preferencing

Supply Chain Mapping

On-Site Audits

Cost Analysis

23. Nicolas is the Head of Procurement at Penny Dolittle Manufacturing Company. He is introducing a sustainability agenda to the company's procurement strategy.

Nicolas believes that an advantage of doing this is that it will drive innovation. Is he correct?

yes - reporting on sustainability can drive change and innovation

yes- reporting on sustainability is mandatory and always leads to innovation

no- reporting on sustainability will lead to an increased reputation

no- reporting on sustainability will increase costs

24. The JCT Contract is used most commonly by which industry?

finance

agriculture

services

construction

25. Which of the following is not considered to be an alternative form of dispute resolution?

mediation

adjudication

conciliation

litigation

26. ABC Construction is in a contract with DEF Developers to deliver the construction of 40 new houses on a new housing estate. There is a 'Payment is of the Essence clause' in the contract. They are halfway through the project and DEF Developers have failed to pay ABC Construction for the work already completed. ABC Construction have downed tools and walked off site.

Are they able to do this?

no- the contract has not been completed and therefore ABC must continue working

no- as long as payment is received at some point during the term of the contract ABC has no right to stop working

yes- ABC have the right to down tools as there has been a breach in contract

yes- it is a legal requirement to pay construction firms at regular intervals during a contract

27. Ruby is a Contracts Manager at ACE Ltd and manages a contract with Spades Ltd which provides raw materials to ACE. She has found a serious issue in Spade's conduct.

Which TWO documents should Ruby complete?

KPIs and Root Cause Analysis

Root Cause Analysis and Corrective Action Plan

Corrective Action Plan and SWOT Analysis

SWOT Analysis and KPIs

28. Which of the following statements is TRUE about the adjudication form of dispute resolution? Select TWO

it is an informal process

it is quicker than going through the courts

a decision must be made within 28 days

the decision cannot be legally binding

29. During the transition period at the end of a contract, which of the following is usually the most difficult or complicated to organise?

returning of physical assets

drawing up an exit strategy

document transfer

knowledge transfer and IP rights

30. Freedom of association is a protected right under the ILO convention.

What does this allow workers to do?

have a second job

have work-life balance

join a union

avoid slavery

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31. Charlie is 13 years old and sometimes helps his parents in the corner shop that they run. He helps out stocking shelves at weekends. Charlie attends school and completes his homework during weekdays. Is this an example of Child Labour?

yes- any work done by a person under the age of 16 is considered child labour

yes- Charlie should report his parents to the police

no- Charlie is old enough to not be considered a child

no- Child Labour doesn't apply to helping a family business

32. Which of the following statements about the ILO (International Labour Organisation) is incorrect?

it is body of the WTO

the ILO has a representation and complaints process

the ILO sets standards on health and safety in the workplace and maternity protection

a principle of the ILO is to eliminate child labour

33. the WTO (World Trade Organisation) has several functions.

Which of the following is not a function of the WTO?

set trade rules between countries

deal with trade disputes between countries

to strive for full employment and high living standards

to ensure a high level of labour standards

34. The Global Compact Principles of the UN are legally binding for the member states who have signed up. Is this TRUE?

yes- reports must be filed regularly on process

yes- it is voluntary to join, but it is legally binding once signed up

no- it is voluntary to join and not legally binding

no- it is not legally binding and there is no requirement to publish any progress reports

35. What forms of organisation form the Ethical Trading Initiative? Select THREE

private businesses

public sector businesses

governments

NGOs

Trade Unions

36. Which of the following are principles of the Wine and Agricultural Ethical Trade Association (WIETA)? Select THREE

prohibition of forced labour

working hours shall not be excessive

regular employment to be provided

a working environment free from risk

automatic sick pay

Managing Ethical Procurement and Supply L5M5 Dumps

Managing Ethical Procurement and Supply L5M5 Dumps

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