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CIPS Managing Ethical Procurement and Supply (L5M5) Sample Questions (Q100-Q105):

NEW QUESTION # 100
Which ONE of the following best exemplifies a competitive advantage?

A. Delivering products faster and with more accessibility than competitors
B. Temporarily undercutting a competitor's already low prices
C. Employee uniforms
D. A business with a good reputation

Answer: A

Explanation:
Choice C- This option represents a competitive advantage. Faster delivery and better accessibility can enhance customer satisfaction and loyalty, leading to increased sales. Therefore C is the correct answer.
Incorrect answer:
Choice A- Reputation is not a competitive advantage. However, if a business does something very well then it may gain a strong reputation giving it a competitive advantage.
Choice B- This strategy is not a sustainable competitive advantage. While it may attract customers in the short term, it can lead to price wars and does not provide a long-term benefit. Eventually, competitors may match or undercut those prices, resulting in no lasting advantage.
Choice D- Employee Uniforms do not contribute to competitive advantage. They may enhance brand image or create a professional appearance but do not offer a distinct advantage that impacts costs or product attractiveness directly. Employee Uniforms mainly serve a functional role without directly impacting competitive strategies.
Reference:
LO-1.2; Page 62-63; Competitive advantage through global sourcing

NEW QUESTION # 101
In the power dominance model, which factor is most likely to strengthen the buyers' power relative to suppliers?

A. Low price sensitivity among buyers
B. High availability of substitute products
C. High switching costs for buyers
D. A small number of suppliers for a large number of buyers

Answer: B

Explanation:
Choice D is the correct answer. When numerous substitute products are available, buyers can easily switch suppliers if dissatisfied, increasing their bargaining power in negotiations.
Incorrect answer:
Choice A- This typically increases supplier power, as a limited number of suppliers can dictate terms to a larger pool of buyers.
Choice B- This would decrease the power of buyers, as they would be less likely to change suppliers due to the costs involved.
Choice C- If buyers are not sensitive to price, they are less likely to negotiate strongly or switch suppliers based on cost, which decreases their bargaining power.
Reference:
LO-1.4; Page 127-128; Responsible use of power relationships

NEW QUESTION # 102
Which three of the following can the procurement function use to integrate sustainability into contract pricing and payment terms?

A. Pricing mechanisms focused on developing large-scale businesses
B. Pricing based on quality focus
C. Payment terms focused on supporting multinational corporations
D. Flexible price agreements
E. Incentivized payment terms

Answer: B,D,E

Explanation:
Choice A- Supports sustainability by accommodating cost changes tied to sustainable practices (e.g., carbon pricing, resource scarcity).
Choice C- Pricing based on quality focus prioritizes sustainability by valuing higher quality, sustainable products or services over lower-cost alternatives.
Choice D- Rewards suppliers for meeting or exceeding sustainability targets (e.g., early payments for sustainable achievements).
Incorrect answer:
Choice B- Not directly related to sustainability, unless tied to large-scale sustainable initiatives (e.g., renewable energy projects).
Choice E- This does not directly contribute to sustainability and may favor established corporations over smaller, more innovative, and potentially sustainable suppliers.
Reference:
LO-2.2; Page 187-191; Monitoring Contract Performance

NEW QUESTION # 103
A discrimination claim has been filed against ASDA Stores Ltd, a leading UK retailer. The claimant alleges discrimination based on skin color and religion, violating the Equality Act 2010. If the claim is successful, what is the maximum compensation award?

A. £20,000 per worker
B. No limit
C. £10,000 only
D. 90 days' pay per employee

Answer: B

Explanation:
Choice D- For a breach of Equality Act 2010, there is no limit on the award of compensation in a discrimination claim. Thus is the correct answer.
Incorrect answer:
Choice A - 90 days' pay per employee is an award relating to dismissal on grounds of redundancy not discrimination.
Choice B - The average award for unfair dismissal is around £10,000 only not discrimination.
Choice C -The maximum penalty that employers had to pay for non-compliance with national living wage law is £20,000 per worker, which is not concerned with discrimination.
Reference:
LO-1.3; Page 40; Role of EDI in securing ethical and sustainable procurement and supply arrangements

NEW QUESTION # 104
Ruben is a new Procurement Manager at XYZ Company. He has been charged with buying a new piece of machinery for a factory. Having looked at several options, and considered sustainability, he has opted to buy the more expensive piece of machinery.
In terms of sustainability, why might he have made this choice?

A. The higher priced item will be of better quality
B. The more expensive piece of equipment will be more environmentally friendly
C. In terms of life-cycle costing the more expensive item may be cheaper in the long term
D. The higher priced item is from a more reputable company

Answer: C

Explanation:
This question is testing if you know about Whole Life Cycle Costing. You'll have come across this already at level 4 (module 7). It's a big part of sustainability. See p.14 for a quick recap on this. In terms of this question, even if you don't remember life-cycle costing, options 1 2 and 4 can't be right- we don't have information in the question that tells us that the higher priced item is better quality, from a reputable company or environmentally friendly- we just don't know based on the information we've been given so these answers can't be right.

NEW QUESTION # 105
......

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CIPS Managing Ethical Procurement and Supply (L5M5) Sample Questions (Q100-Q105):

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