Free CIPS L4M4 Exam Dumps Questions & Answers

What are the two main financial accounting statements of an organisation that show values of assets/liabilities and profit earned?

• A.Cash flow statement & profit and loss account
• B.Profit and loss account & chairman's statement
• C.Balance sheet & profit and loss account
• D.Cash flow statement & balance sheet

Daniel is evaluating bids from new suppliers who are looking to supply his company XYZ Indus-tries with components for manufacturing. Although price is important, Daniel wishes to consider 'added value'. Which of the following is considered an 'added-value solution'? Select THREE

• A.cost plus pricing
• B.on time in full deliveries
• C.innovation
• D.sustainability
• E.bulk discount

Compared with single sourcing, what is a key advantage to dual or multiple sourcing? Select TWO

• A.It is easy to drive down costs
• B.Economies of scale
• C.Low risk of failure to supply
• D.Supplier Loyalty
• E.There is a risk of failure to supply

What is the best way to demonstrate that your organisation does not tolerate bribery and corruption?

• A.Not working with suppliers who have a reputation for bribery
• B.Requesting suppliers' ethical policies annually
• C.Having full anti-bribery training, policies, and procedures in place
• D.Asking all suppliers to read your organisation's anti-bribery policy

Added value can be objectively defined. Is this sentence TRUE?

• A.no - added value may change from one company to another
• B.no- added value is always intangible
• C.Yes- added value should be assessed along with price
• D.Yes- added value is the same for all organisations