CIPS Managing Ethical Procurement and Supply (L5M5) - L5M5 Exam Practice Test
Peacock Clothing Manufacturing has a superior IT system compared to competitors. What form of competitive advantage is this?
Correct Answer: C
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Which organisation is an intergovernmental economic body with the purpose of stimulating economic progress and world trade?
Correct Answer: C
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Supply forecasting investigates the company's demand for an item, including current and projected demand categorised by industry and product end use. Is this statement TRUE?
Correct Answer: B
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A discrimination claim has been filed against ABC Ltd under the Equalities Act 2010. What is the maximum compensation limit?
Correct Answer: A
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The illegitimate use of a person's role for gain is what form of ethical issue?
Correct Answer: B
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What forms of organisation form the Ethical Trading Initiative (ETI)? Select THREE
Correct Answer: B,D,E
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Jan is a procurement manager exploring Low-Cost Country Sourcing. Which of the following is a legitimate motive for this?
Correct Answer: A
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Which of the following are benefits of sustainable business practices? Select TWO
Correct Answer: C,D
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How do Fair Trade organisations protect producers of raw materials from poor economic conditions?
Correct Answer: D
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Which of the following standards is applicable to governments rather than private businesses?
Correct Answer: B
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