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Pass the CIPS Level 4 Diploma in Procurement and Supply L4M4 Questions and answers with Dumpstech

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Viewing questions 41-50 out of questions
Questions # 41:

Faisal, a hospital procurement specialist, includes adherence to certain standards in a medical equipment tender. What is the benefit of incorporating standards in a specification?

Options:

A.

Standards provide clear guidelines and remove ambiguity

B.

Standards will mirror the buyer’s requirements entirely

C.

Standards will ensure low pricing in tender responses

D.

Standards will ensure suppliers meet all buyer’s requirements

Questions # 42:

When sourcing an item of strategic importance and high value in the public sector, is it important to advertise this publicly?

Options:

A.

no- buyers can approach known contractors

B.

no- buyers in the public sector do not source strategic items

C.

yes- the public sector should advertise the opportunity as a call for competition

D.

yes- the public sector should advertise through the Freedom of Information Act

Questions # 43:

Which of the following should be conducted during the analysis of tender responses?

    Produce a report on each submission

    Review the pre-qualification questionnaire

    Check the arithmetical accuracy of each tender

    Evaluate the market dynamics

Options:

A.

1 and 2 only

B.

2 and 3 only

C.

1 and 3 only

D.

3 and 4 only

Questions # 44:

Other than price, what should a buyer consider when evaluating supplier quotations?

    Lead times

    Add-on costs

    Wastage rates

    Past performance

Options:

A.

1, 2 and 4 only

B.

1, 2 and 3 only

C.

2, 3 and 4 only

D.

3 and 4 only

Questions # 45:

The Freedom of Information Act is a piece of UK legislation which allows members of the public to request information on issues such as public sector sourcing. When a request is made, it is compulsory for the public sector to provide this information to the public. Is this statement true?

Options:

A.

yes- the information must be provided within 28 days

B.

yes- the information must be posted publically online

C.

no- the public sector can choose not to publish information if it is not deamed to be in the public interest

D.

no- the public sector does not need to provide information on sourcing activities

Questions # 46:

Which of the following is a UK legislation concerning product safety?

Options:

A.

Enterprise Act 2002

B.

Consumer Rights Act 2015

C.

GDPR 2018

D.

Competition Act 1998

Questions # 47:

The balance sheet (statement of financial position) is one of the financial statements used in assessing a supplier’s financial stability. The balance sheet contains information on such items as …

Options:

A.

Cash receipts from customers

B.

Operating expenses and net profit

C.

Liquidity ratios, return on capital employed and gearing

D.

Short-term liabilities (e.g., unpaid taxes and bank overdraft)

Questions # 48:

When working closely with a supplier, waste can be reduced which can lead to improved business functions and cost savings. Which of the following are wastes that can be removed from the supply chain? Select THREE.

Options:

A.

Over-analyzing

B.

Barriers

C.

Motion

D.

Waiting

E.

Inventory

Questions # 49:

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.

Options:

A.

security

B.

consultancy

C.

provision of raw materials

D.

office supplies

E.

cleaning

Questions # 50:

Which of the following is true for CIPS members who sign and comply with the CIPS Code of Conduct? Members can ...

gain an understanding of ethical and successful business operations

acquire automatic entitlement to government sponsorship

enjoy continued CIPS membership and access to resources

bypass the need to comply with other voluntary or legal codes

Options:

A.

1 and 2

B.

2 and 3

C.

1 and 4

D.

1 and 3

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