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CIPS Managing Ethical Procurement and Supply (L5M5) Sample Questions (Q80-Q85):

NEW QUESTION # 80
A global aerospace manufacturer collaborates closely with a supplier to develop a highly specialized component requiring advanced technical expertise and customization. The supplier invests significant resources in co-designing and producing the component to meet the manufacturer's specific requirements. This partnership is built on strong relationships and mutual commitment.
Which type of relationship on the CIPS relationship spectrum best describes this scenario?

A. Transactional
B. Moderate
C. Bespoke
D. Partnership

Answer: C

Explanation:
Option D- Bespoke relationships are characterized by a tailored approach, close collaboration, shared risk, and trust to deliver unique and specific solutions. The scenario describes significant customization and co-development, which are hallmarks of a bespoke relationship.
Incorrect answer:
Option A- Transactional relationships are arms-length, low-commitment relationships where the focus is on individual purchases, cost, and efficiency rather than collaboration. The scenario involves high collaboration, customization, and long-term commitment, which are not characteristics of a transactional relationship.
Option B- Moderate relationships sit in the middle of the spectrum, involving more interaction and coordination than transactional relationships but less collaboration than strategic or bespoke relationships. The scenario exceeds moderate collaboration and requires significant resources, expertise, and trust, which align with bespoke relationships.
Option C- Partnership describes a collaborative working relationship but lacks specificity. It does not explicitly account for the high customization and tailored solutions detailed in this scenario. While "partnership" implies collaboration, the CIPS relationship spectrum uses "bespoke" to specifically describe high customization and co-design relationships.
Reference:
LO-2.1; Page 152-153; Mapping supply chains to achieve supply chain transparency

NEW QUESTION # 81
Forced labor, including all forms of modern slavery, remains a significant issue affecting many supply chains. Procurement professionals and suppliers must collaborate to effectively eliminate forced labor. Which of the following strategies can procurement professionals use to address forced labor practices?
1. Boycotting the goods produced from modern slavery
2. Inclusion of anti-slavery and human trafficking clauses in contracts
3. Training for employees and suppliers to raise awareness of slavery issues
4. Treat all women and men fairly at work

A. 4 and 1
B. 2 and 3
C. 2 and 4
D. 1 and 2

Answer: B

Explanation:
Choice 2- Inclusion of anti-slavery and human trafficking clauses in contracts requires a supplier to guarantee that it complies with anti slavery policy and performs due diligence on its own suppliers. Thus is the correct answer.
Choice 3- Providing education on the signs of forced labor and human trafficking can empower both employees and suppliers to recognize and report such practices. This is also an answer.
Incorrect answer:
Choice 1- Boycotting the goods produced from modern slavery is a role of the consumer and not a procurement professional.
Choice 4- Treat all women and men fairly at work is related to equality in a workplace and does not concern forced labor practices.
Reference:
LO-1.3; Page 91; Labor standards and working practices

NEW QUESTION # 82
Which organisation is responsible for the creation of the 2030 Sustainable Development Agenda?

A. ISO
B. ILO
C. UN
D. NATO

Answer: C

Explanation:
This is the UN. There are 17 sustainability goals and these are listed on p.3. For the exam it's a good idea to familiarise yourself with them, but there's no need to learn them all off-by-heart.

NEW QUESTION # 83
Which of the following strategies is primarily designed to lower business costs while also considering social and environmental impacts?

A. Increasing Product Prices
B. Cutting Workforce Salaries
C. Value Engineering
D. Outsourcing

Answer: C

Explanation:
Choice B- Value engineering is a structured approach to improving the value of products or services by analyzing their functions. It aims to reduce costs without sacrificing quality, thereby enhancing overall efficiency. It reviews and amends new products like reworking or developing new processes so that fewer raw materials are used or wasted in production of goods. This method encourages innovation and sustainability, often leading to more environmentally friendly processes and materials, and can also foster positive social outcomes by improving product design and usability.
Incorrect answer:
Choice A- Outsourcing involves contracting third-party companies to handle certain business functions or processes. While it can reduce costs by utilizing cheaper labor or specialized services, it often does not address social or environmental impacts. In some cases, outsourcing can lead to negative consequences, such as job losses in the local economy or reliance on suppliers with poor labor practices.
Choice C- Increasing product prices is a straightforward way to improve profit margins, but it does not reduce costs. In fact, this strategy can alienate customers, especially in competitive markets. Additionally, it may not have any direct impact on social or environmental considerations, and could potentially lead to decreased accessibility for consumers.
Choice D- Cutting salaries is a short-term cost-saving measure that can severely impact employee morale, loyalty, and productivity. While it may reduce costs temporarily, it often leads to higher turnover rates and loss of skilled workers. This strategy can have negative social impacts on the workforce and may ultimately harm the company's reputation and long-term sustainability.
Reference:
LO-1.1; Page 28-29; The risks and rewards of adopting ESG considerations in securing ethical and sustainable procurement and supply arrangements

NEW QUESTION # 84
Which of the following actions could create a conflict between profitability and social value among stakeholders?

A. Engaging in corporate social responsibility initiatives
B. Offering competitive prices to customers
C. Implementing environmentally sustainable practices
D. Cutting costs by reducing employee wages

Answer: D

Explanation:
Choice B- Cutting costs by reducing employee wages is the action that could lead to a conflict between profitability and social value. While it might improve short-term profits, it can negatively affect employee morale, retention, and overall company reputation, leading to long-term challenges.
Incorrect answer:
Choice A- This action typically enhances social value by promoting environmental responsibility. While it may involve higher upfront costs, in the long run, it can lead to savings, increased customer loyalty, and a stronger brand reputation. Thus, it usually aligns profitability with social value rather than conflicting with it.
Choice C- Engaging in CSR initiatives often enhances a company's reputation and fosters goodwill within the community. While it may require financial investment and could impact short-term profits, it generally aligns with social value and can lead to long-term benefits, such as customer loyalty and brand strength.
Choice D- Offering competitive prices may initially seem like a strategy focused solely on profitability. However, it can also enhance social value by making products more accessible to a broader audience. If done without compromising quality or ethical standards, this option usually does not create a conflict but can benefit both profitability and social value.
Reference:
LO-1.4; Page 137; Comprehensive stakeholder consultations and engagement

NEW QUESTION # 85
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