INNOVATIVELY L5M5 PRACTICE ENGINE BOOST THE MOST ADMIRABLE EXAM QUESTIONS - EXAM4FREE

Innovatively L5M5 Practice Engine Boost the Most Admirable Exam Questions - Exam4Free

Innovatively L5M5 Practice Engine Boost the Most Admirable Exam Questions - Exam4Free

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Tags: Interactive L5M5 Questions, L5M5 Latest Test Camp, Best L5M5 Study Material, Practice L5M5 Exams Free, L5M5 Reliable Exam Pattern

We provide you with the latest prep material which is according to the content of CIPS L5M5 certification exam and enhances your knowledge to crack the test. Exam4Free practice material is made by keeping in focus all the sections of the current syllabus. Our primary objective is to provide you with Managing Ethical Procurement and Supply (L5M5) (L5M5) actual questions to complete preparation for the test in few days. Our product includes Managing Ethical Procurement and Supply (L5M5) real questions, desktop practice test software, and web-based practice exam. Keep reading to find out what are the specifications of these formats.

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CIPS Interactive L5M5 Questions: Managing Ethical Procurement and Supply (L5M5) - Exam4Free Free Demo Download

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CIPS Managing Ethical Procurement and Supply (L5M5) Sample Questions (Q119-Q124):

NEW QUESTION # 119
Social security is recognized internationally as a fundamental human right. When sourcing from developing countries, procurement professionals must be mindful of the limited social support available to low-income workers, as neglecting this issue could harm their organization's reputation. Which of the following is NOT a step toward expanding social security coverage for more people in developing countries?

  • A. Improve tax collection to finance the extension
  • B. Separate social security benefits from a person's employment status
  • C. Increase costs of informal economy benefits
  • D. Increase costs of formal sector benefits

Answer: D

Explanation:

Therefore Choice D is a not a way in which social security can be extended as we need to reduce costs of formal sector benefits. Reference: LO-1.3; Page 94; Wages and social security arrangements


NEW QUESTION # 120
What is the term for a clause in a contract that, if breached, allows the injured party to claim damages but does not result in the termination of the contract?

  • A. Innominate term
  • B. Condition
  • C. Representation
  • D. Warranty

Answer: D

Explanation:
Choice C- A warranty in a contract is a term that, if breached, allows the injured party to claim damages but does not give them the right to terminate the entire contract. Therefore, this is the answer.
Incorrect answer:
Choice A- A representation is a statement made by one party to another, often during pre-contractual negotiations, to induce them to enter into a contract. Representations are not terms of the contract, so their breach does not directly impact the contract itself in the same way as a condition, warranty, or innominate term. Since the question specifies a contractual clause, representation cannot be the correct answer.
Choice B- A condition is a fundamental term of the contract. Breaching a condition gives the injured party the right to: Terminate the contract, and Claim damages. The question explicitly states that the clause should not allow for termination of the contract. Therefore, a condition does not fit the criteria.
Choice D- An innominate term does not have a predefined classification as a condition or warranty. Its treatment depends on the severity of the breach: If the breach is serious, it could lead to termination (similar to a condition) or if the breach is minor, it only results in damages (similar to a warranty). Since the question specifies a clause that does not allow for termination regardless of the breach's impact, this term is too flexible to be the correct answer.
Reference:
LO-2.2; Page 190-191; Monitoring Contract Performance


NEW QUESTION # 121
During the transition phase at the end of a contract, what is typically the most challenging aspect to manage?

  • A. Transferring documents
  • B. Developing an exit strategy
  • C. Knowledge transfer and intellectual property (IP) rights
  • D. Returning physical assets

Answer: B

Explanation:
continuity, and addressing ownership, usage rights, and confidentiality. Mismanagement can have significant operational and legal implications.
Incorrect answer:
Choice B- Developing an exit strategy: This should already be planned during the contract drafting phase, making it less complex at the end stage.
Choice C- While it can involve logistical challenges, it is usually straightforward with clear inventory and tracking.
Choice D- Though it requires careful handling, it is generally a easier procedural task.
Reference:
LO-2.4; Page 240-241; Escalating non-compliance and making exit arrangements


NEW QUESTION # 122
While low-cost country sourcing can provide substantial cost savings for buyers, it also comes with significant risks. Which of the following should be avoided as a potential target for low-cost country sourcing?

  • A. A country with stable tax and tariff structures
  • B. A country that is remote geographically but with good transportation routes
  • C. A country consisting of workers with detailed knowledge of the product
  • D. A country where companies use Just in Time (JIT) method of SCM

Answer: D

Explanation:
Choice B-It is important to calculate the potential cost of a supplier failing to meet the level of service timeline. If a company uses JIT methods of supply chain management, then LCCS is not a suitable option especially for critical components because delivery delays can be costly and disruptive. Without backup inventory, customers may have to wait for the company to receive supplies and manufacture the product. Thus is the correct answer.
Incorrect answer:
Choice A- A country with good transportation routes is critical to analyse as shipping will be fairly economical. Therefore is a potential target for LCCS.
Choice C- Level of education and skills of workers in chosen low cost country will help in producing vital key components as they will specialize in them. Thus this country should be a potential target of LCCS.
Choice D- Tariffs and taxes can significantly impact the cost-effectiveness of sourcing from low-cost countries. Understanding the export taxation in the source country and import tariffs in one's own country is crucial. This being stable can help in calculating and making a decision of selecting a country for low cost sourcing.
Reference:
LO-1.2; Page 76; Low-cost country sourcing


NEW QUESTION # 123
All of the following are advantages of low-cost country sourcing EXCEPT which one?

  • A. Intellectual property is easily protected
  • B. Access to new and better process technologies
  • C. Lower wage rates allow lower manufacturing costs
  • D. A wider array of potential suppliers are available

Answer: A

Explanation:
Choice B - LCCS carries the risk of engaging with unethical suppliers, raising concerns about the protection of intellectual property. Consequently, this serves as the answer.
Incorrect answer:
Choice A - This is an advantage of LCCS as LCCS opens up opportunities to engage potential suppliers globally.
Choice C - Companies use LCCS to find more affordable raw materials, labor and manufacturing thereby increasing profits.
Choice D- When considering the profitability of LCCS, a procurement professional will consider the development in technologies have made it easier for their business to communicate with and source from suppliers in low cost countries. This means business can source more affordable products.
Reference:
LO-1.4; Page 106-107; Profit maximization and low-cost sourcing


NEW QUESTION # 124
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