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CIPS Managing Ethical Procurement and Supply (L5M5) Sample Questions:
1. A group of small-scale coffee farmers in a rural village has been receiving the Fairtrade Premium for their products. During a recent community meeting, they discuss how to allocate the premium funds for the upcoming year. Which of the following projects would best align with the principles of the Fairtrade Premium in addition to the fair trade price?
A) Investing in building a community health clinic to improve access to healthcare for all villagers
B) Distributing the funds equally among the farmers to use as they see fit
C) Using the funds to subsidize private education for the children of the wealthiest farmers
D) Allocating the funds to one farmer to expand their personal farming business
2. 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) Appropriate professional qualification
B) At least 5 years of experience
C) Be approved by a certified body
D) Have strong communication skills
3. Nahid Cotton Mills Ltd, a leading manufacturer and exporter of high-quality knitting and cotton yarn in Bangladesh, aims to expand internationally and grow its global market to increase profits. The STEEPLED analysis tool can help assess various macro-environmental factors affecting the business. Which of the following factors fall under the social element of this analysis?
A) Waste management initiatives
B) Inflation and interest rates
C) Level of corruption and bribery present
D) Fashion and trends led by local celebrities
4. Effectively managing stakeholders helps a business minimize potential conflicts. One key approach to stakeholder management is analyzing stakeholders.
Which analysis tool can be used to conduct this assessment?
A) STEEPLED
B) SWOT
C) Kraljic analysis
D) Portfolio analysis
5. When a major garments factory faces adverse publicity due to alleged child labor, which of the following recognized techniques would be most effective in identifying the root cause of the issue?
A) Supply chain mapping
B) Whole life costs
C) Six sigma
D) Value engineering
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A |
By Theresa
