Free CIPS L4M4 Exam Dumps Questions & Answers

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

• A.it replaces the need for insurance
• B.it ensures ethical business practices
• C.it replaces lengthy contractual clauses
• D.it ensures value for money

What mechanism helps buying organisations achieve a best value outcome in a tender exercise?

• A.Restricting the number of bidders
• B.Advertising requirements
• C.Providing a debrief
• D.Timetabling the process

Which of the following financial ratios would indicate a supplier's potential exposure risk to a steeprise in inflation?

• A.acid test
• B.current ratio
• C.gross profit margin
• D.gearing ratio

Which models would be appropriate for analysis of the supply market?
* Porter's Five Forces
* Porter's Value Chain
* STEEPLED
* Ishikawa Fishbone

• A.2 and 3 only
• B.1 and 3 only
• C.2 and 4 only
• D.1 and 2 only

A "carnet" provides evidence of the origin of goods shipped in international trade. Is this correct?

• A.Yes, only used when exporting goods from Europe
• B.No, it is a type of insurance cover
• C.Yes, a widely used import document confirming origin
• D.No, it allows temporary free movement of goods