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Managing Ethical Procurement and Supply

Last Update 4 days ago
Total Questions : 89

Dive into our fully updated and stable L5M5 practice test platform, featuring all the latest CIPS Level 5 Advanced Diploma in Procurement and Supply exam questions added this week. Our preparation tool is more than just a CIPS study aid; it's a strategic advantage.

Our free CIPS Level 5 Advanced Diploma in Procurement and Supply practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about L5M5. Use this test to pinpoint which areas you need to focus your study on.

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Question # 11

Which ISO standard is most appropriate for CSR?

Options:

A.  

ISO9001

B.  

ISO14000

C.  

ISO22000

D.  

ISO31000

Discussion 0
Question # 12

Nicolas is the Head of Procurement at Penny Dolittle Manufacturing Company. He is introducing an ESG agenda to the company’s procurement strategy, especially regarding sustainability. Nicolas believes an advantage of this is that it will drive innovation. Is he correct?

Options:

A.  

Yes – reporting on sustainability can drive change and innovation

B.  

Yes – reporting on sustainability is mandatory and always leads to innovation

C.  

No – reporting on sustainability will only increase reputation

D.  

No – reporting on sustainability will increase costs

Discussion 0
Question # 13

Banks, investors, and consumers form which type of stakeholder?

Options:

A.  

Internal stakeholder

B.  

External stakeholder

C.  

Connected internal stakeholder

D.  

Connected external stakeholder

Discussion 0
Question # 14

Jung Ltd is hiring a third-party auditor. Which two requirements should be mandatory?

Options:

A.  

At least 5 years’ experience

B.  

Be approved by a certified body

C.  

Have sector-specific knowledge

D.  

Have an auditing qualification

Discussion 0
Question # 15

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?

Options:

A.  

Yes – it gathers information about supply and demand

B.  

Yes – it is used by all companies within the supply chain

C.  

No – supply forecasting collects data about current suppliers and trends that might affect supply

D.  

No – supply forecasting provides a prediction of short and long-term prices and trends

Discussion 0
Question # 16

Opportunities for disadvantaged producers and the payment of a local living wage are principles of which organisation?

Options:

A.  

The World Fair Trade Organisation (WFTO)

B.  

The International Labour Organisation (ILO)

C.  

The Organisation for Economic Co-operation and Development (OECD)

D.  

The European Union (EU)

Discussion 0
Question # 17

Which piece of UK legislation includes a provision for transparency in a company’s supply chain?

Options:

A.  

Companies Act

B.  

Modern Slavery Act

C.  

Working Time Directive

D.  

Health and Safety at Work Act

Discussion 0
Question # 18

Which organisation is responsible for the creation of the 2030 Sustainable Development Agenda?

Options:

A.  

UN

B.  

NATO

C.  

ISO

D.  

ILO

Discussion 0
Question # 19

The illegitimate use of a person’s role for gain is what form of ethical issue?

Options:

A.  

Bribery

B.  

Corruption

C.  

Fraud

D.  

Slavery

Discussion 0
Question # 20

Which of the following is not a fraud risk in a procurement function?

Options:

A.  

Bid rigging

B.  

Duplicating payments

C.  

Phantom suppliers

D.  

Accepting presents

Discussion 0
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