CIPS L4M4 Daily Practice Exam New 2024 Updated 123 Questions [Q62-Q81]

QUESTION 62
FTSE100 and Sensex are examples of what?

QUESTION 63
What is a major benefit to using Incoterms when sourcing goods internationally?

QUESTION 64
The International Chamber of Commerce (ICC) publish a list of commercial rules known as Inco-terms. What is the purpose of these rules?

QUESTION 65
Which of the following is an advantage to the TUPE regulations?

QUESTION 66
Pierre is constructing a tender for a security contract. As well as cost, he would like to ask the security companies some questions about their health and safety processes and staff qualifications. He has created several questions and weighted these so that they add up to 25. is this the correct thing to do?

QUESTION 67
Khalid is a procurement manager in the UK who is looking to source exotic fruit for a retailer. As this type of fruit doesn’t grow naturally in the UK Khalid is looking at international suppliers, but is worried about variations in exchange rates. He is considering asking the suppliers to provide quotes in their local currencies.
Will this reduce the risk posed to Khalid?

QUESTION 68
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?

QUESTION 69
Sourcing aims to achieve the best value for money by taking into account several factors. Freddy is sourcing a new component for his company which manufactures tractors. Should Freddy take into consideration ethics and sustainability?

QUESTION 70
Sourcing products internationally involves extra considerations when looking at the price of the item. Which of the following are additional price considerations for international sourcing? Select TWO

QUESTION 71
Robert is appraising suppliers and is keen to evaluate suppliers’ contribution to the community and the environment. Which of the following should Robert look at?

QUESTION 72
In which type of market would you be most likely to find a ‘perfect competition’?

QUESTION 73
Bob works in the procurement department of a construction firm. He has been asked to procure an item for a short-term project which is considered low risk. What type of sourcing will he be completing?

QUESTION 74
Which of the following is not a Human Rights as protected by the UN Declaration on Human Rights?

QUESTION 75
A supplier operates in a monopolistic market where the threat of entry is low. The product that they offer is key in manufacturing certain types of submarines and there is no known substitute for the product at present.
What type of sourcing relationship is a buyer likely to have with this supplier?

QUESTION 76
Which of the following is not a indices that measures economic data?

QUESTION 77
What is a risk of pre-warning a supplier that you will conduct an audit of their facilities?

QUESTION 78
Amnesty International, Oxfam and CIPS are examples of what type of organisation?

QUESTION 79
Curly Cake Incorporated makes lots of different types of confectionary items. Although they are most famous for their cakes, they also have a smaller line of cereal bars and biscuits. Which of the following would be the most appropriate items for Curly Cake Incorporated to outsource? Select TWO

QUESTION 80
Which of the following incoterms relate specifically to transporting items over water?

QUESTION 81
A supplier operates in a monopolistic market where the threat of entry is low. The product that they offer is key in manufacturing certain types of submarines and there is no known substitute for the product at present.
What type of sourcing relationship is a buyer likely to have with this supplier?