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Work hard and practice with our CIPS L4M4 dumps till you are confident to pass the CIPS L4M4 exam. And that too with flying colors and achieving the Ethical and Responsible Sourcing certification on the first attempt. You will identify both your strengths and shortcomings when you utilize CIPS L4M4 Practice Exam software.
NEW QUESTION # 47
Ivan is an investor who is looking to invest in new businesses. He is reviewing several companies and working out what his equity would be. Which of the following does Ivan need to know to calculate shareholder equity?
Select TWO.
Answer: A,B
Explanation:
Shareholder Equity = Total Assets - Total Liabilities
NEW QUESTION # 48
What are the risks of outsourcing?
* Loss of control of a project
* Loss of assets
* Loss of future business opportunities
* Loss of private information
Answer: D
Explanation:
Outsourcing can lead to a loss of control over certain aspects of a project, as the organization relies on external parties to deliver services or products. Additionally, sharing sensitive information with third-party vendors increases the risk of data breaches or loss of private information. While there may be concerns about assets or future business opportunities, the primary risks in outsourcingrelate to control and information security.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 3.2: Risks Associated with Outsourcing
NEW QUESTION # 49
Azram, a facilities category buyer for UK police, is sourcing uniforms internationally. Concerned about exchange rate risk, how can Azram remove this risk?
Answer: D
Explanation:
Exchange rate fluctuations can significantly affect the cost of international contracts. The most direct way to eliminate this risk is to agree prices in the buyer's home currency (GBP Sterling). This passes the risk to the supplier, who must manage currency exposures through hedging or local arrangements. Using the exchange rate at delivery (C) retains exposure for the buyer, while financial analysis (A) and competitive tendering (B) don't address exchange risk. Responsible sourcing requires buyers to consider financial risk-sharing mechanisms as part of contract negotiations.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - managing exchange rate risk in international sourcing.
NEW QUESTION # 50
What type of ratio is used to measure a company's ability to meet its short-term financial obligations, specifically focusing on its ability to convert assets into cash to cover current liabilities?
Answer: A
Explanation:
Liquidity ratios, such as the current and quick ratios, evaluate a company's ability to meet short-term liabilities with current assets. This metric is crucial for assessing a supplier's financial stability, ensuring continuity and reliability in the supply chain, which aligns with ethical and responsible sourcing principles.
NEW QUESTION # 51
A buyer of bakery products sees wheat shortages due to poor harvests but demand remains high. How does this affect negotiation?
Answer: D
Explanation:
In commodity markets, shortages combined with sustained demand drive price increases. The buyer loses bargaining power, as suppliers can charge higher rates. Negotiating downward is unrealistic; instead, buyers should manage risk through hedging, forward contracts, or alternative sourcing. CIPS notes that responsible sourcing requires understanding market dynamics and their ethical implications (e.g., food security, affordability). The organisation must manage stakeholder expectations about pricing rather than assume negotiation leverage. This reflects the implications of market volatility in global supply chains.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implications" - commodity market dynamics, supply
/demand, and negotiation position.
NEW QUESTION # 52
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L4M4 Latest Study Guide: https://www.trainingdumps.com/L4M4_exam-valid-dumps.html
P.S. Free 2025 CIPS L4M4 dumps are available on Google Drive shared by TrainingDumps: https://drive.google.com/open?id=1XxxC-EQr4ftNaz-Gs0OE2-jI3FquvtTu