Free CIPS Procurement and Supply in Practice (L4M8) Practice Questions

Name: CIPS L4M8 Exam
SKU: L4M8
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CIPS L4M8 Sample Exam Questions

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Total 200 questions

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Question 1

Why is it important to keep ethical codes of practice up to date?

AExplanation:
A code of ethics is a set of morals and principle set out by an organization to state what it deems to be acceptable conduct and behavior
An ethical code of practice is a continually changing and developing document with society changing and different suppliers coming to market, the document has to remain current
Suppliers should continually monitor their codes of ethics to ensure that;
1. They are looking after the interest of the supply chain
2. That potential customers can be reassured that they are conforming to the required regulation, e.g. ISO 14001.
Ethical code of conduct should be constantly monitored and updated in accordance with the changes organization faces. This include 1) Define (2) prevent (3) detect (4) reprove (5) evaluate.

Answer : A

Question 2

Research the values and ethical code of practice of an organization with which you are familiar.

AExplanation:
Fullpower projects is a training firm that trains on project management and procurement. It has the following values and ethical code of practice
1) Accountability
2) selflessness
3) openness
4) integrity
5) objectives
6) Honesty
7) Leadership

Answer : A

Question 3

Research the values and ethical code of practice of an organization with which you are familiar.

Answer : A

Question 4

What are the ILO and ETI?

AExplanation:
ILO stands for International Labour Organization- It is a United Nations agency whose mandate is to advance justice and promote decent work by setting international labor standard.
ETI is Ethical Trading Initiative: It is a leading alliance of companies, trade unions and NGOs that promote respect for workers right around the globe. Its vision is a world where all workers are free from exploitation and discrimination and enjoys condition of freedom, security and equity.

Answer : A

Question 5

What are the ILO and ETI?

Answer : A

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Total 200 questions