VCE L5M5 EXAM - L5M5 BRAIN DUMP FREE

Vce L5M5 Exam - L5M5 Brain Dump Free

Vce L5M5 Exam - L5M5 Brain Dump Free

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Tags: Vce L5M5 Exam, L5M5 Brain Dump Free, L5M5 Pdf Version, L5M5 Reliable Exam Voucher, L5M5 Latest Exam Answers

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CIPS Managing Ethical Procurement and Supply (L5M5) Sample Questions (Q108-Q113):

NEW QUESTION # 108
Smith Industries, a production company, plans to hire an external organization to audit its operations. Which TWO qualifications should be required when selecting an independent third-party auditor?

  • A. Be approved by a certified body
  • B. At least 5 years of experience
  • C. Have strong communication skills
  • D. Appropriate professional qualification

Answer: A

Explanation:
Choice B - Approval or accreditation by a recognized certification body ensures that the auditor operates according to established professional and ethical standards. This is critical for maintaining trust and the reliability of the audit process.
Choice D- A formal qualification demonstrates the auditor's foundational knowledge and competency in auditing principles and methodologies. This is mandatory as it establishes the credibility and technical ability of the auditor.
Incorrect answer:
Choice A -Experience indicates practical exposure to audits, which can contribute to the auditor's ability to handle complex or unique scenarios. While valuable, this is not always mandatory, as less experienced auditors can still possess the necessary skills if well-qualified.
Choice C -Strong communication skills enable the auditor to clearly convey findings, recommendations, and areas for improvement to the organization. While important, this is often considered a soft skill rather than a mandatory criterion.
Reference:
LO-2.3; Page 210; Sourcing third parties for auditing services


NEW QUESTION # 109
A global manufacturing company is looking for a collaborative platform to enhance its environmental, social, and governance (ESG) practices. It requires access to practical tools, peer networking, and resources to tackle challenges such as climate change, water sustainability, and supply chain management.
Which organization would best meet the company's needs?

  • A. International Procurement Organization (IPO)
  • B. Global Environmental Management Initiative (GEMI)
  • C. Greenpeace
  • D. United Nations Environment Programme (UNEP)

Answer: B

Explanation:
Option B- GEMI is tailored for businesses seeking tools, resources, and collaborative opportunities to enhance their ESG practices. Unlike other options, GEMI specializes in corporate environmental management and provides solutions to the practical challenges companies face in their operations.
Incorrect answer:
Option A- The IPO primarily supports global procurement professionals and organizations in reducing & optimizing their procurement and supply chain strategies. While it may offer insights into sustainable procurement, it does not specialize in environmental or sustainability management across broader operational areas like GEMI does.
Option C- UNEP sets international environmental agendas and fosters policies at the government level, but it does not provide the practical tools and peer collaboration specifically tailored for businesses.
Option D- Greenpeace is an independent global campaigning organization focused on confronting environmental issues such as climate change, deforestation, and ocean protection through activism and advocacy. Its primary approach involves raising public awareness and pressuring corporations and governments to adopt environmentally friendly practices, rather than providing businesses with practical tools or platforms for internal sustainability improvements.
Reference:
LO-2.1; Page 170; Use of risk mitigation strategies to achieve ESG objectives to secure ethical and sustainable procurement and supply arrangements


NEW QUESTION # 110
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 higher priced item is from a more reputable company
  • C. In terms of life-cycle costing the more expensive item may be cheaper in the long term
  • D. The more expensive piece of equipment will be more environmentally friendly

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 # 111
Which term describes non-binding recommendations that offer guidance on best practices?

  • A. Regulations
  • B. Statutes
  • C. Directives
  • D. Guidelines

Answer: D

Explanation:
Choice A- These are non-binding recommendations or advice that suggest best practices but do not carry the force of law. This A is the correct choice.
Incorrect answer:
Choice B- These are binding legal rules that must be followed as they have the force of law. They come into force on a set date in all of the member states.
Choice C- In legal contexts (e.g., EU), directives set goals that member states must achieve, but each state decides how to implement them.
Choice D- These are formal written laws passed by a legislative body of a government, and they are legally binding.
Reference:
LO-2.2; Page 185; Monitoring Contract Performance


NEW QUESTION # 112
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. 2 and 4
  • B. 1 and 2
  • C. 4 and 1
  • D. 2 and 3

Answer: D

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 # 113
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