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Curious about Actual CIPS Level 4 Diploma in Procurement and Supply (L4M4) Exam Questions?
Here are sample CIPS Ethical and Responsible Sourcing (L4M4) Exam questions from real exam. You can get more CIPS Level 4 Diploma in Procurement and Supply (L4M4) Exam premium practice questions at TestInsights.
Question 1
A Bill of Exchange is an important document used when importing goods into a country from abroad. What is the purpose of this document?
Correct : D
A Bill of Exchange is a payment instruction - it says who will pay whom and when.
Bill of Exchange Definition: Examples and How It Works (investopedia.com)
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Question 2
Which of the following incoterms has the lowest risk to the buyer?
Correct : B
The lowest risk to the buyer is 'delivered duty paid'. This is because the supplier does all the work transporting the items to the buyer's premises. Incoterms_2020_chart | Intersped
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Question 3
Which of the following incoterms relate specifically to transporting items over water?
Correct : C
cost and freight is specific to transport over water. The others relate to all types of transportation. Incoterms_2020_chart | Intersped
Some students report a lot of questions on Incoterms in the exam, some say they only had 1. It real-ly is luck of the draw.
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Question 4
Incoterms describe several aspects and responsibilities of transporting goods when sourcing internationally. Which of the following is described by Incoterms? Select THREE.
Correct : A, B, D
Incoterms describe who out of the buer and seller; organises transport and what type of transport this is, who pays for insurance, and who organises duty / tariff arrangements when the goods go through customs. See p.131. Note- some students report a lot of questions on Incoterms in the exam, some say they only had 1. If you can, I'd learn them just to be safe.
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Question 5
Polygon Incorporated is a new company in the mining industry, which often gets bad press due to issues of sustainability. Which of the following should Polygon Incorporated consider when developing sustainable business practices?
Correct : A
The three pillars of sustainability are profit, people and planet. This may also be referred to as social, economic and environmental.
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