Free CIPS L4M4 Exam Dumps Questions & Answers

Pre-qualification of suppliers is used to determine if the suppliers meet the basic requirements of the buying organisation. Which of the following is assessed at the pre-qualification stage?

• A.  capability, culture and pricing schedules
• B.  financial stability, capacity and capability
• C.  capacity, capability and pricing structure
• D.  pricing structure, ethics and financial stability

The procurement team received an urgent request from the business to source quotations forpest control services. The team decided to use a local newspaper to advertise the requirements. Was this an appropriate approach to use in the circumstance?

• A.  No, because international vendors must also be notified of the opportunity
• B.  Yes, so that the local pest control sector can decide between them who should bid
• C.  No, because they might receive too many irrelevant proposals which may delay the assessing process
• D.  Yes, they must seek as many bids as possible even if it takes longer

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.

• A.  ethics
• B.  time
• C.  environment
• D.  quality
• E.  quantity

Under what circumstances can a buyer reduce timescales for a tender in the Public Sector?

• A.  if there are fewer than 5 bidders
• B.  when the tender is of low value
• C.  if the competition is restricted
• D.  if tenders are received by electronic submission exclusively

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?

• A.  Profitability ratio
• B.  Earnings per share
• C.  Liquidity ratio
• D.  Dividend per share