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  1. Home
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  3. L4M4

CIPS L4M4 Exam (page: 1)
CIPS Ethical and Responsible Sourcing
Updated on: 25-Sep-2025

Viewing Page 1 of 25
L4M4 PDF 180 Questions

Which of the following should be considered when calculating ratios relating to a supplier's liquidity?

  1. inventory
  2. reserves
  3. receivables
  4. profit

Answer(s): A



A buyer in the public sector has put an advert out asking for interested suppliers to express an interest in a potential tender activity to provide a facilities management contract to a hospital trust. The suppliers who have met that criteria are then sent a document detailing how they should submit their tender, how to price the opportunity, asks Questions relating to how they will deliver the service and gives a deadline for bids to be submitted.
Which document have the suppliers ben sent?

  1. Request for Quotation
  2. Invitation to Tender
  3. Invitation to Quote
  4. Request for Tender

Answer(s): B

Explanation:

This is an Invitation to Tender.
The only other real document listed in Request for Quotation. This is incorrect because the document asks questions relating to how they will deliver the service. This means price isn't the only factor, which is the case for a RfQ.
Request for Tender and Invitation to Quote are not real things.



Which of the following would you expect to find in an Invitation to Tender? Select THREE

  1. awarding body
  2. deadline
    (Correct)
  3. pricing schedule
  4. qualifications required
  5. risk assessments

Answer(s): A,D

Explanation:

An ITT would include details on the awarding body (usually a brief overview of the buyer), the deadline (bids must be received by a certain date) and qualifications required (such as ISO requirements or competency certificates of staff members if it's a service contract). You wouldn't find pricing schedules in an ITT (this would be provided by the supplier in response to the ITT), nor would you find risk assessments (a supplier might be asked to provide one as part of the quality assessment of the tender though).
Invitation To Tender Simply Explained I Thornton & Lowe (thorntonandlowe.com)



Luke has sent out a Request for Information to test the waters of the supply market for a new product he is sourcing. He has received a high number of detailed documents back from suppliers.
Which of the following is Luke now likely to know about the marketplace? Select THREE

  1. acceptable lead times
  2. amount of product competition
  3. expected changes in the marketplace
  4. exact costs of the item he's procuring
  5. samples of the product

Answer(s): A,B,C

Explanation:

The correct answers are; lead times, product competition and changes in the marketplace. You wouldn't expect to receive samples or costings from a Request for Information - rather, these should be expected as part of the Tender Competition



Achieving the 'five rights of procurement' is one of the key objectives of procurement managers.
Which of the following are not considered one of the 5 rights? Select TWO.

  1. time
  2. ethics
  3. environment
  4. quantity
  5. quality

Answer(s): B,C

Explanation:

ethics and environment are not a 'right of procurement'. The 5 rights are price, quality, quantity, time and place.



Viewing Page 1 of 25



Share your comments for CIPS L4M4 exam with other users:

Sarah 6/13/2023 1:42:00 PM

anyone use this? the question dont seem to follow other formats and terminology i have been studying im getting worried
CANADA


Shuv 10/3/2023 8:19:00 AM

good questions
UNITED STATES


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hello are these questions valid for ms-102
CANADA


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some questions are wrongly answered but its good nonetheless
POLAND


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Anonymous


Manju 10/19/2023 1:19:00 PM

is it really helpful to pass the exam
Anonymous


LeAnne Hair 8/24/2023 12:47:00 PM

#229 in incorrect - all the customers require an annual review
UNITED STATES


Abdul SK 9/28/2023 11:42:00 PM

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Anonymous


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UNITED KINGDOM


SAJI 7/20/2023 2:51:00 AM

56 question correct answer a,b
Anonymous


Raj Kumar 10/23/2023 8:52:00 PM

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CANADA


piyush keshari 7/7/2023 9:46:00 PM

true quesstions
Anonymous


B.A.J 11/6/2023 7:01:00 AM

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Anonymous


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Anonymous


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question #3 refers to vnet4 and vnet5. however, there is no vnet5 listed in the case study (testlet 2).
UNITED STATES


Cheers 12/13/2023 9:55:00 AM

sometimes it may be good some times it may be
GERMANY


Sumita Bose 7/21/2023 1:01:00 AM

qs 4 answer seems wrong- please check
AUSTRALIA


Amit 9/7/2023 12:53:00 AM

very detailed explanation !
HONG KONG


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the interactive nature of the test engine application makes the preparation process less boring.
NETHERLANDS


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Anonymous


SK 7/15/2023 3:51:00 AM

complete question dump should be made available for practice.
Anonymous


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AUSTRALIA


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nice create dewey stefen
CZECH REPUBLIC


Anorag 9/6/2023 9:24:00 AM

i just wrote this exam and it is still valid. the questions are exactly the same but there are about 4 or 5 questions that are answered incorrectly. so watch out for those. best of luck with your exam.
CANADA


Nathan 1/10/2023 3:54:00 PM

passed my exam today. this is a good start to 2023.
UNITED STATES


1 10/28/2023 7:32:00 AM

great sharing
Anonymous


Anand 1/20/2024 10:36:00 AM

very helpful
UNITED STATES


Kumar 6/23/2023 1:07:00 PM

thanks.. very helpful
FRANCE


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i registered for 1z0-1047-23 but dumps qre available for 1z0-1047-22. help me with this...
UNITED STATES


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UNITED STATES


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INDIA


Blessious Phiri 8/13/2023 11:58:00 AM

becoming interesting on the logical part of the cdbs and pdbs
Anonymous


LOL what a joke 9/10/2023 9:09:00 AM

some of the answers are incorrect, i would be wary of using this until an admin goes back and reviews all the answers
UNITED STATES


Muhammad Rawish Siddiqui 12/9/2023 7:40:00 AM

question # 267: federated operating model is also correct.
SAUDI ARABIA