{"id":120150,"date":"2026-02-18T08:34:01","date_gmt":"2026-02-18T08:34:01","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=120150"},"modified":"2026-03-27T03:22:41","modified_gmt":"2026-03-27T03:22:41","slug":"cips-l4m4-dumps-updated-to-v12-02-for-ethical-and-responsible-sourcing-exam-preparation-read-l4m4-free-dumps-part-1-q1-q40-today","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/cips-l4m4-dumps-updated-to-v12-02-for-ethical-and-responsible-sourcing-exam-preparation-read-l4m4-free-dumps-part-1-q1-q40-today.html","title":{"rendered":"CIPS L4M4 Dumps Updated to V12.02 for Ethical and Responsible Sourcing Exam Preparation: Read L4M4 Free Dumps (Part 1, Q1-Q40) Today"},"content":{"rendered":"<p>With DumpsBase, preparing for the Ethical and Responsible Sourcing (L4M4) exam becomes a focused and confidence-driven experience. We have updated the L4M4 dumps to V12.02, offering you 308 practice exam questions and answers for learning. These Q&amp;As are verified and regularly updated, carefully designed to mirror the real exam format, helping you build practical understanding rather than relying on theory alone. These realistic questions accurately reflect the difficulty and structure of the CIPS L4M4 exam, enabling you to test your skills under exam-like conditions. By practicing with L4M4 exam dumps (V12.02), you gain stronger exam readiness, improved confidence, and a clearer understanding of key concepts\u2014helping you move one step closer to Ethical and Responsible Sourcing certification, enhanced professional credibility, and new career opportunities in the procurement and supply chain field.<\/p>\n<h2>Below are our <span style=\"background-color: #ffff00;\"><em>L4M4 free dumps (Part 1, Q1-Q40) of V12.02<\/em><\/span>, helping you check the quality:<\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam11557\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-11557\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-11557\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-453787'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>When assessing social responsibility elements of a supplier's proposal, what type of supporting evidence could a supplier provide?<\/div><input type='hidden' name='question_id[]' id='qID_1' value='453787' \/><input type='hidden' id='answerType453787' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453787[]' id='answer-id-1755045' class='answer   answerof-453787 ' value='1755045'   \/><label for='answer-id-1755045' id='answer-label-1755045' class=' answer'><span>Evidence of compliance with fair trade standards<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453787[]' id='answer-id-1755046' class='answer   answerof-453787 ' value='1755046'   \/><label for='answer-id-1755046' id='answer-label-1755046' class=' answer'><span>Results of a customer service survey on delivery performance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453787[]' id='answer-id-1755047' class='answer   answerof-453787 ' value='1755047'   \/><label for='answer-id-1755047' id='answer-label-1755047' class=' answer'><span>Quality control reports documenting quality checks in the manufacturing process<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453787[]' id='answer-id-1755048' class='answer   answerof-453787 ' value='1755048'   \/><label for='answer-id-1755048' id='answer-label-1755048' class=' answer'><span>Financial statements detailing profit and loss accounts<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-453788'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>What is the best way to prevent potential issues of conflicts of interest?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='453788' \/><input type='hidden' id='answerType453788' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453788[]' id='answer-id-1755049' class='answer   answerof-453788 ' value='1755049'   \/><label for='answer-id-1755049' id='answer-label-1755049' class=' answer'><span>do not hire family members<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453788[]' id='answer-id-1755050' class='answer   answerof-453788 ' value='1755050'   \/><label for='answer-id-1755050' id='answer-label-1755050' class=' answer'><span>openly declare potential conflicts<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453788[]' id='answer-id-1755051' class='answer   answerof-453788 ' value='1755051'   \/><label for='answer-id-1755051' id='answer-label-1755051' class=' answer'><span>do not work with suppliers who have relationships with the procurement team<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453788[]' id='answer-id-1755052' class='answer   answerof-453788 ' value='1755052'   \/><label for='answer-id-1755052' id='answer-label-1755052' class=' answer'><span>create a risk register<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-453789'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>A business may be faced with the challenge of deciding whether to source some of its requirements from external suppliers or whether to make them internally. <br \/>\r<br>Which of the following factors is likely to justify the decision to make the requirements internally?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='453789' \/><input type='hidden' id='answerType453789' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453789[]' id='answer-id-1755053' class='answer   answerof-453789 ' value='1755053'   \/><label for='answer-id-1755053' id='answer-label-1755053' class=' answer'><span>The other suppliers are using older technology<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453789[]' id='answer-id-1755054' class='answer   answerof-453789 ' value='1755054'   \/><label for='answer-id-1755054' id='answer-label-1755054' class=' answer'><span>The availability of in-house competencies and capacity to carry out the production<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453789[]' id='answer-id-1755055' class='answer   answerof-453789 ' value='1755055'   \/><label for='answer-id-1755055' id='answer-label-1755055' class=' answer'><span>External suppliers are likely to be overcharging<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453789[]' id='answer-id-1755056' class='answer   answerof-453789 ' value='1755056'   \/><label for='answer-id-1755056' id='answer-label-1755056' class=' answer'><span>External sourcing involves cumbersome tendering procedures<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-453790'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>Why is it important, when awarding high-value contracts, for a buyer to conduct a financial assessment of a supplier?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='453790' \/><input type='hidden' id='answerType453790' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453790[]' id='answer-id-1755057' class='answer   answerof-453790 ' value='1755057'   \/><label for='answer-id-1755057' id='answer-label-1755057' class=' answer'><span>The buyer must ensure continuity of supply because financial problems of a supplier could affect the supply<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453790[]' id='answer-id-1755058' class='answer   answerof-453790 ' value='1755058'   \/><label for='answer-id-1755058' id='answer-label-1755058' class=' answer'><span>Financial assessments provide a holistic view of a company's capability, including quality and delivery performance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453790[]' id='answer-id-1755059' class='answer   answerof-453790 ' value='1755059'   \/><label for='answer-id-1755059' id='answer-label-1755059' class=' answer'><span>A supplier who is highly profitable will be charging prices higher than the average market rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453790[]' id='answer-id-1755060' class='answer   answerof-453790 ' value='1755060'   \/><label for='answer-id-1755060' id='answer-label-1755060' class=' answer'><span>If a supplier has a high credit score, this means it pays its own suppliers late, which could result in stock outs<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-453791'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>A procurement manager who works in the public sector has received 8 submissions to a tender op-port unity that was advertised on OJEU. The average price submission for the contract was &pound;1m but one supplier has submitted a price of &pound;200,000, which the procurement manager has identified as being 'an abnormally low tender'. <br \/>\r<br>What should be the procurement manager's course of action?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='453791' \/><input type='hidden' id='answerType453791' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453791[]' id='answer-id-1755061' class='answer   answerof-453791 ' value='1755061'   \/><label for='answer-id-1755061' id='answer-label-1755061' class=' answer'><span>automatically dismiss the low bid<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453791[]' id='answer-id-1755062' class='answer   answerof-453791 ' value='1755062'   \/><label for='answer-id-1755062' id='answer-label-1755062' class=' answer'><span>award the contract to the low bid as this represents better value for money<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453791[]' id='answer-id-1755063' class='answer   answerof-453791 ' value='1755063'   \/><label for='answer-id-1755063' id='answer-label-1755063' class=' answer'><span>investigate the low bid<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453791[]' id='answer-id-1755064' class='answer   answerof-453791 ' value='1755064'   \/><label for='answer-id-1755064' id='answer-label-1755064' class=' answer'><span>award the bid a 0 for price<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-453792'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>If a company is concerned with ethical sourcing and has concerns about issues such as corruption and modern day slavery within the supply chain, what course of action should they take?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='453792' \/><input type='hidden' id='answerType453792' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453792[]' id='answer-id-1755065' class='answer   answerof-453792 ' value='1755065'   \/><label for='answer-id-1755065' id='answer-label-1755065' class=' answer'><span>Only work with known suppliers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453792[]' id='answer-id-1755066' class='answer   answerof-453792 ' value='1755066'   \/><label for='answer-id-1755066' id='answer-label-1755066' class=' answer'><span>Complete Due-Diligence on all new suppliers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453792[]' id='answer-id-1755067' class='answer   answerof-453792 ' value='1755067'   \/><label for='answer-id-1755067' id='answer-label-1755067' class=' answer'><span>Only work with suppliers who have a published Anti-Slavery policy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453792[]' id='answer-id-1755068' class='answer   answerof-453792 ' value='1755068'   \/><label for='answer-id-1755068' id='answer-label-1755068' class=' answer'><span>Complete formal tenders to find the best suppliers<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-453793'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>Incoterms are designed to be understood and interpreted on a worldwide basis. <br \/>\r<br>What is the interpretation for FOB (Free on Board)?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='453793' \/><input type='hidden' id='answerType453793' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453793[]' id='answer-id-1755069' class='answer   answerof-453793 ' value='1755069'   \/><label for='answer-id-1755069' id='answer-label-1755069' class=' answer'><span>The buyer takes responsibility for the goods after they are loaded on the ship, plus all subsequent costs, including freight charges<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453793[]' id='answer-id-1755070' class='answer   answerof-453793 ' value='1755070'   \/><label for='answer-id-1755070' id='answer-label-1755070' class=' answer'><span>The buyer takes responsibility for the goods after they are loaded on the ship, plus subsequent costs, excluding freight charges<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453793[]' id='answer-id-1755071' class='answer   answerof-453793 ' value='1755071'   \/><label for='answer-id-1755071' id='answer-label-1755071' class=' answer'><span>The buyer takes responsibility for taking the goods from the departure quayside to the ship, plus all subsequent costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453793[]' id='answer-id-1755072' class='answer   answerof-453793 ' value='1755072'   \/><label for='answer-id-1755072' id='answer-label-1755072' class=' answer'><span>The buyer takes responsibility for transferring the goods from the seller's premises to the ship, plus all subsequent costs<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-453794'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>A buyer in the public sector has put an advert out asking for interested suppliers to express an interest in a potential tender activity to provide a facilities management contract to a hospital trust. The suppliers who have met that criteria are then sent a document detailing how they should submit their tender, how to price the opportunity, asks Questions relating to how they will deliver the service and gives a deadline for bids to be submitted. <br \/>\r<br>Which document have the suppliers ben sent?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='453794' \/><input type='hidden' id='answerType453794' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453794[]' id='answer-id-1755073' class='answer   answerof-453794 ' value='1755073'   \/><label for='answer-id-1755073' id='answer-label-1755073' class=' answer'><span>Request for Quotation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453794[]' id='answer-id-1755074' class='answer   answerof-453794 ' value='1755074'   \/><label for='answer-id-1755074' id='answer-label-1755074' class=' answer'><span>Invitation to Tender<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453794[]' id='answer-id-1755075' class='answer   answerof-453794 ' value='1755075'   \/><label for='answer-id-1755075' id='answer-label-1755075' class=' answer'><span>Invitation to Quote<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453794[]' id='answer-id-1755076' class='answer   answerof-453794 ' value='1755076'   \/><label for='answer-id-1755076' id='answer-label-1755076' class=' answer'><span>Request for Tender<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-453795'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>A procurement manager of a medium-sized company has suggested to their executive board that implementing an ISO environmental standard would improve procurement practices and reduce environmental and social impacts. However, some colleagues are concerned about the potential complexity and supplier resistance. <br \/>\r<br>Should the company go ahead with the recommendation?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='453795' \/><input type='hidden' id='answerType453795' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453795[]' id='answer-id-1755077' class='answer   answerof-453795 ' value='1755077'   \/><label for='answer-id-1755077' id='answer-label-1755077' class=' answer'><span>Yes, as it would align with, and help to achieve, sustainability goals<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453795[]' id='answer-id-1755078' class='answer   answerof-453795 ' value='1755078'   \/><label for='answer-id-1755078' id='answer-label-1755078' class=' answer'><span>No, ISO standards are too complex for staff and suppliers to understand and follow<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453795[]' id='answer-id-1755079' class='answer   answerof-453795 ' value='1755079'   \/><label for='answer-id-1755079' id='answer-label-1755079' class=' answer'><span>No, because ISO standards are only relevant to large organisations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453795[]' id='answer-id-1755080' class='answer   answerof-453795 ' value='1755080'   \/><label for='answer-id-1755080' id='answer-label-1755080' class=' answer'><span>Yes, implementation would guarantee that the company is compliant with all environmental laws<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-453796'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>Which of the following should be considered when calculating ratios relating to a supplier's liquidity?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='453796' \/><input type='hidden' id='answerType453796' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453796[]' id='answer-id-1755081' class='answer   answerof-453796 ' value='1755081'   \/><label for='answer-id-1755081' id='answer-label-1755081' class=' answer'><span>inventory<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453796[]' id='answer-id-1755082' class='answer   answerof-453796 ' value='1755082'   \/><label for='answer-id-1755082' id='answer-label-1755082' class=' answer'><span>reserves<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453796[]' id='answer-id-1755083' class='answer   answerof-453796 ' value='1755083'   \/><label for='answer-id-1755083' id='answer-label-1755083' class=' answer'><span>receivables<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453796[]' id='answer-id-1755084' class='answer   answerof-453796 ' value='1755084'   \/><label for='answer-id-1755084' id='answer-label-1755084' class=' answer'><span>profit<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-453797'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>When using a 'credit account' payment mechanism, when does a supplier receive payment for the goods?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='453797' \/><input type='hidden' id='answerType453797' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453797[]' id='answer-id-1755085' class='answer   answerof-453797 ' value='1755085'   \/><label for='answer-id-1755085' id='answer-label-1755085' class=' answer'><span>after delivery<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453797[]' id='answer-id-1755086' class='answer   answerof-453797 ' value='1755086'   \/><label for='answer-id-1755086' id='answer-label-1755086' class=' answer'><span>in advance of delivery<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453797[]' id='answer-id-1755087' class='answer   answerof-453797 ' value='1755087'   \/><label for='answer-id-1755087' id='answer-label-1755087' class=' answer'><span>when they receive the PO<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453797[]' id='answer-id-1755088' class='answer   answerof-453797 ' value='1755088'   \/><label for='answer-id-1755088' id='answer-label-1755088' class=' answer'><span>before the order is placed<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-453798'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>An organisation is keep to include Social Outcomes in it's assessment for Value for Money for a new tender. <br \/>\r<br>Which of the following should be considered?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='453798' \/><input type='hidden' id='answerType453798' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453798[]' id='answer-id-1755089' class='answer   answerof-453798 ' value='1755089'   \/><label for='answer-id-1755089' id='answer-label-1755089' class=' answer'><span>use of local labour to deliver the contract<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453798[]' id='answer-id-1755090' class='answer   answerof-453798 ' value='1755090'   \/><label for='answer-id-1755090' id='answer-label-1755090' class=' answer'><span>CO2 emissions of the supplier's delivery vehicles<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453798[]' id='answer-id-1755091' class='answer   answerof-453798 ' value='1755091'   \/><label for='answer-id-1755091' id='answer-label-1755091' class=' answer'><span>supplier's ESG policy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453798[]' id='answer-id-1755092' class='answer   answerof-453798 ' value='1755092'   \/><label for='answer-id-1755092' id='answer-label-1755092' class=' answer'><span>accreditations such as Fair Trade<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-453799'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>A buyer might opt to do an 'Invitation to Tender' rather than a 'Request for Quotation' process because ...<\/div><input type='hidden' name='question_id[]' id='qID_13' value='453799' \/><input type='hidden' id='answerType453799' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453799[]' id='answer-id-1755093' class='answer   answerof-453799 ' value='1755093'   \/><label for='answer-id-1755093' id='answer-label-1755093' class=' answer'><span>The supplier market is an oligopoly where there are a few large suppliers dominating the market<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453799[]' id='answer-id-1755094' class='answer   answerof-453799 ' value='1755094'   \/><label for='answer-id-1755094' id='answer-label-1755094' class=' answer'><span>Time is of the essence, and decisions need to be made quickly without additional stakeholder involvement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453799[]' id='answer-id-1755095' class='answer   answerof-453799 ' value='1755095'   \/><label for='answer-id-1755095' id='answer-label-1755095' class=' answer'><span>The contract will be low value and there are many suppliers, so a simpler approach is required<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453799[]' id='answer-id-1755096' class='answer   answerof-453799 ' value='1755096'   \/><label for='answer-id-1755096' id='answer-label-1755096' class=' answer'><span>The nature of the goods or services being purchased is complex and high value<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-453800'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>Achieving the 'five rights of procurement' is one of the key objectives of procurement managers. <br \/>\r<br>Which of the following are not considered one of the 5 rights? Select TWO.<\/div><input type='hidden' name='question_id[]' id='qID_14' value='453800' \/><input type='hidden' id='answerType453800' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453800[]' id='answer-id-1755097' class='answer   answerof-453800 ' value='1755097'   \/><label for='answer-id-1755097' id='answer-label-1755097' class=' answer'><span>time<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453800[]' id='answer-id-1755098' class='answer   answerof-453800 ' value='1755098'   \/><label for='answer-id-1755098' id='answer-label-1755098' class=' answer'><span>ethics<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453800[]' id='answer-id-1755099' class='answer   answerof-453800 ' value='1755099'   \/><label for='answer-id-1755099' id='answer-label-1755099' class=' answer'><span>environment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453800[]' id='answer-id-1755100' class='answer   answerof-453800 ' value='1755100'   \/><label for='answer-id-1755100' id='answer-label-1755100' class=' answer'><span>quantity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453800[]' id='answer-id-1755101' class='answer   answerof-453800 ' value='1755101'   \/><label for='answer-id-1755101' id='answer-label-1755101' class=' answer'><span>quality<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-453801'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>Guillerme is a Category Manager within the procurement department of a Manufacturing company. In his Category there are 200 items he procures, and he has recently undertaken an ABC analysis of these. <br \/>\r<br>Which of the following items would be C category items?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='453801' \/><input type='hidden' id='answerType453801' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453801[]' id='answer-id-1755102' class='answer   answerof-453801 ' value='1755102'   \/><label for='answer-id-1755102' id='answer-label-1755102' class=' answer'><span>high value items<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453801[]' id='answer-id-1755103' class='answer   answerof-453801 ' value='1755103'   \/><label for='answer-id-1755103' id='answer-label-1755103' class=' answer'><span>one-off purchases<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453801[]' id='answer-id-1755104' class='answer   answerof-453801 ' value='1755104'   \/><label for='answer-id-1755104' id='answer-label-1755104' class=' answer'><span>tail spent<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453801[]' id='answer-id-1755105' class='answer   answerof-453801 ' value='1755105'   \/><label for='answer-id-1755105' id='answer-label-1755105' class=' answer'><span>strategic sourcing<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-453802'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Which of the following would you use to determine the outcome of a competitive tender? Select TWO.<\/div><input type='hidden' name='question_id[]' id='qID_16' value='453802' \/><input type='hidden' id='answerType453802' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453802[]' id='answer-id-1755106' class='answer   answerof-453802 ' value='1755106'   \/><label for='answer-id-1755106' id='answer-label-1755106' class=' answer'><span>location<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453802[]' id='answer-id-1755107' class='answer   answerof-453802 ' value='1755107'   \/><label for='answer-id-1755107' id='answer-label-1755107' class=' answer'><span>distribution<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453802[]' id='answer-id-1755108' class='answer   answerof-453802 ' value='1755108'   \/><label for='answer-id-1755108' id='answer-label-1755108' class=' answer'><span>reputation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453802[]' id='answer-id-1755109' class='answer   answerof-453802 ' value='1755109'   \/><label for='answer-id-1755109' id='answer-label-1755109' class=' answer'><span>quality<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453802[]' id='answer-id-1755110' class='answer   answerof-453802 ' value='1755110'   \/><label for='answer-id-1755110' id='answer-label-1755110' class=' answer'><span>price<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-453803'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>In which circumstances would a procurement manager effectively use competitive tendering for the award of contracts?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='453803' \/><input type='hidden' id='answerType453803' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453803[]' id='answer-id-1755111' class='answer   answerof-453803 ' value='1755111'   \/><label for='answer-id-1755111' id='answer-label-1755111' class=' answer'><span>When the value of the procurement is high and special tooling is a major factor<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453803[]' id='answer-id-1755112' class='answer   answerof-453803 ' value='1755112'   \/><label for='answer-id-1755112' id='answer-label-1755112' class=' answer'><span>When the requirement is needed urgently and price is not the most important factor<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453803[]' id='answer-id-1755113' class='answer   answerof-453803 ' value='1755113'   \/><label for='answer-id-1755113' id='answer-label-1755113' class=' answer'><span>When the suppliers have technical expertise, and the value of the procurement is relatively high<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453803[]' id='answer-id-1755114' class='answer   answerof-453803 ' value='1755114'   \/><label for='answer-id-1755114' id='answer-label-1755114' class=' answer'><span>When the specification is likely to be continuously reviewed as the contract progresses<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-453804'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>What is a major benefit to using Incoterms when sourcing goods internationally?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='453804' \/><input type='hidden' id='answerType453804' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453804[]' id='answer-id-1755115' class='answer   answerof-453804 ' value='1755115'   \/><label for='answer-id-1755115' id='answer-label-1755115' class=' answer'><span>it ensures value for money<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453804[]' id='answer-id-1755116' class='answer   answerof-453804 ' value='1755116'   \/><label for='answer-id-1755116' id='answer-label-1755116' class=' answer'><span>it ensures ethical business practices<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453804[]' id='answer-id-1755117' class='answer   answerof-453804 ' value='1755117'   \/><label for='answer-id-1755117' id='answer-label-1755117' class=' answer'><span>it replaces lengthy contractual clauses<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453804[]' id='answer-id-1755118' class='answer   answerof-453804 ' value='1755118'   \/><label for='answer-id-1755118' id='answer-label-1755118' class=' answer'><span>it replaces the need for insurance<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-453805'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>Tendering is a more formal and regimented process than sending out requests for quotations. <br \/>\r<br>Which of the following are services that are often put out to tender? Select THREE.<\/div><input type='hidden' name='question_id[]' id='qID_19' value='453805' \/><input type='hidden' id='answerType453805' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453805[]' id='answer-id-1755119' class='answer   answerof-453805 ' value='1755119'   \/><label for='answer-id-1755119' id='answer-label-1755119' class=' answer'><span>security<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453805[]' id='answer-id-1755120' class='answer   answerof-453805 ' value='1755120'   \/><label for='answer-id-1755120' id='answer-label-1755120' class=' answer'><span>consultancy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453805[]' id='answer-id-1755121' class='answer   answerof-453805 ' value='1755121'   \/><label for='answer-id-1755121' id='answer-label-1755121' class=' answer'><span>provision of raw materials<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453805[]' id='answer-id-1755122' class='answer   answerof-453805 ' value='1755122'   \/><label for='answer-id-1755122' id='answer-label-1755122' class=' answer'><span>office supplies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453805[]' id='answer-id-1755123' class='answer   answerof-453805 ' value='1755123'   \/><label for='answer-id-1755123' id='answer-label-1755123' class=' answer'><span>cleaning<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-453806'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>Which of the following would be considered a strategic sourcing activity?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='453806' \/><input type='hidden' id='answerType453806' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453806[]' id='answer-id-1755124' class='answer   answerof-453806 ' value='1755124'   \/><label for='answer-id-1755124' id='answer-label-1755124' class=' answer'><span>an office ordering copier paper<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453806[]' id='answer-id-1755125' class='answer   answerof-453806 ' value='1755125'   \/><label for='answer-id-1755125' id='answer-label-1755125' class=' answer'><span>a bakery ordering eggs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453806[]' id='answer-id-1755126' class='answer   answerof-453806 ' value='1755126'   \/><label for='answer-id-1755126' id='answer-label-1755126' class=' answer'><span>a factory ordering a new machine<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453806[]' id='answer-id-1755127' class='answer   answerof-453806 ' value='1755127'   \/><label for='answer-id-1755127' id='answer-label-1755127' class=' answer'><span>a restaurant ordering plastic cups<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-453807'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>The gross profit of a company can be calculated by using a simple formula. <br \/>\r<br>What is this?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='453807' \/><input type='hidden' id='answerType453807' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453807[]' id='answer-id-1755128' class='answer   answerof-453807 ' value='1755128'   \/><label for='answer-id-1755128' id='answer-label-1755128' class=' answer'><span>total revenue - cost of sales<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453807[]' id='answer-id-1755129' class='answer   answerof-453807 ' value='1755129'   \/><label for='answer-id-1755129' id='answer-label-1755129' class=' answer'><span>assets - liabilities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453807[]' id='answer-id-1755130' class='answer   answerof-453807 ' value='1755130'   \/><label for='answer-id-1755130' id='answer-label-1755130' class=' answer'><span>cost of sales - fixed assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453807[]' id='answer-id-1755131' class='answer   answerof-453807 ' value='1755131'   \/><label for='answer-id-1755131' id='answer-label-1755131' class=' answer'><span>debt owed - total sales<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-453808'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>Which of the following would be a valid reason to make a product inhouse, rather than buy it from a supplier?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='453808' \/><input type='hidden' id='answerType453808' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453808[]' id='answer-id-1755132' class='answer   answerof-453808 ' value='1755132'   \/><label for='answer-id-1755132' id='answer-label-1755132' class=' answer'><span>improved quality control<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453808[]' id='answer-id-1755133' class='answer   answerof-453808 ' value='1755133'   \/><label for='answer-id-1755133' id='answer-label-1755133' class=' answer'><span>less inventory<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453808[]' id='answer-id-1755134' class='answer   answerof-453808 ' value='1755134'   \/><label for='answer-id-1755134' id='answer-label-1755134' class=' answer'><span>killset of supplier is higher<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453808[]' id='answer-id-1755135' class='answer   answerof-453808 ' value='1755135'   \/><label for='answer-id-1755135' id='answer-label-1755135' class=' answer'><span>threat of substitutions<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-453809'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>The procurement team at Grape Juice Limited often use a weighted point system when ap-praising potential suppliers. <br \/>\r<br>What is a disadvantage of using a weighted point system?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='453809' \/><input type='hidden' id='answerType453809' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453809[]' id='answer-id-1755136' class='answer   answerof-453809 ' value='1755136'   \/><label for='answer-id-1755136' id='answer-label-1755136' class=' answer'><span>it allows transparency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453809[]' id='answer-id-1755137' class='answer   answerof-453809 ' value='1755137'   \/><label for='answer-id-1755137' id='answer-label-1755137' class=' answer'><span>it is time-consuming to create<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453809[]' id='answer-id-1755138' class='answer   answerof-453809 ' value='1755138'   \/><label for='answer-id-1755138' id='answer-label-1755138' class=' answer'><span>it is easy to manipulate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453809[]' id='answer-id-1755139' class='answer   answerof-453809 ' value='1755139'   \/><label for='answer-id-1755139' id='answer-label-1755139' class=' answer'><span>it is hard to be objective<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-453810'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>A company has a low gearing of 20%. This shows that the company relies on equity capital and should therefore have less difficulty coping during tough economic times. Is this statement TRUE?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='453810' \/><input type='hidden' id='answerType453810' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453810[]' id='answer-id-1755140' class='answer   answerof-453810 ' value='1755140'   \/><label for='answer-id-1755140' id='answer-label-1755140' class=' answer'><span>Yes- a low gearing ratio means the company's finances are made up of equity rather than debt<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453810[]' id='answer-id-1755141' class='answer   answerof-453810 ' value='1755141'   \/><label for='answer-id-1755141' id='answer-label-1755141' class=' answer'><span>Yes- a low gearing ratio shows that the business is solvent and can deal with supply chain disruptions easily<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453810[]' id='answer-id-1755142' class='answer   answerof-453810 ' value='1755142'   \/><label for='answer-id-1755142' id='answer-label-1755142' class=' answer'><span>No- a low gearing suggests that the company is financed by long-term debt rather than equity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453810[]' id='answer-id-1755143' class='answer   answerof-453810 ' value='1755143'   \/><label for='answer-id-1755143' id='answer-label-1755143' class=' answer'><span>No- a low gearing shows you that a company isn't likely to be profitable<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-453811'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>A buyer is responsible for the procurement of metals within the raw materials department. The buyer is preparing for next year\u2019s purchase orders and has been asked to confirm the month of order placement. <br \/>\r<br>The buyer has found three trends: <br \/>\r<br>In January and April, the supplier's local currency is stronger <br \/>\r<br>November typically has the lowest demand <br \/>\r<br>May typically has the highest demand <br \/>\r<br>Which month should the buyer plan to place the purchase order?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='453811' \/><input type='hidden' id='answerType453811' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453811[]' id='answer-id-1755144' class='answer   answerof-453811 ' value='1755144'   \/><label for='answer-id-1755144' id='answer-label-1755144' class=' answer'><span>November<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453811[]' id='answer-id-1755145' class='answer   answerof-453811 ' value='1755145'   \/><label for='answer-id-1755145' id='answer-label-1755145' class=' answer'><span>May<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453811[]' id='answer-id-1755146' class='answer   answerof-453811 ' value='1755146'   \/><label for='answer-id-1755146' id='answer-label-1755146' class=' answer'><span>January<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453811[]' id='answer-id-1755147' class='answer   answerof-453811 ' value='1755147'   \/><label for='answer-id-1755147' id='answer-label-1755147' class=' answer'><span>April<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-453812'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>Which of the following is an example of intracompany trading? Select TWO<\/div><input type='hidden' name='question_id[]' id='qID_26' value='453812' \/><input type='hidden' id='answerType453812' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453812[]' id='answer-id-1755148' class='answer   answerof-453812 ' value='1755148'   \/><label for='answer-id-1755148' id='answer-label-1755148' class=' answer'><span>a manufacturer in the UK buys raw copper from a supplier in Chile<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453812[]' id='answer-id-1755149' class='answer   answerof-453812 ' value='1755149'   \/><label for='answer-id-1755149' id='answer-label-1755149' class=' answer'><span>two companies owned by the same entity conduct business<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453812[]' id='answer-id-1755150' class='answer   answerof-453812 ' value='1755150'   \/><label for='answer-id-1755150' id='answer-label-1755150' class=' answer'><span>two companies join together to create a new product<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453812[]' id='answer-id-1755151' class='answer   answerof-453812 ' value='1755151'   \/><label for='answer-id-1755151' id='answer-label-1755151' class=' answer'><span>two departments within the same company collaborate on a project<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453812[]' id='answer-id-1755152' class='answer   answerof-453812 ' value='1755152'   \/><label for='answer-id-1755152' id='answer-label-1755152' class=' answer'><span>cleverness<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-453813'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>When conducting a competitive tender, is it appropriate to use a supplier's credit rating as a criteria for pre-section?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='453813' \/><input type='hidden' id='answerType453813' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453813[]' id='answer-id-1755153' class='answer   answerof-453813 ' value='1755153'   \/><label for='answer-id-1755153' id='answer-label-1755153' class=' answer'><span>yes- because a low rating would have a negative impact on the company's reputation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453813[]' id='answer-id-1755154' class='answer   answerof-453813 ' value='1755154'   \/><label for='answer-id-1755154' id='answer-label-1755154' class=' answer'><span>yes- because a low rating would indicate the supplier is financially unstable<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453813[]' id='answer-id-1755155' class='answer   answerof-453813 ' value='1755155'   \/><label for='answer-id-1755155' id='answer-label-1755155' class=' answer'><span>no- because a low rating would not affect the quality of the products supplied<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453813[]' id='answer-id-1755156' class='answer   answerof-453813 ' value='1755156'   \/><label for='answer-id-1755156' id='answer-label-1755156' class=' answer'><span>no- because a low credit rating would have a negative impact on the supply chain<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-453814'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>The procurement manager has received the following data from the supplier's accounts to facilitate the calculation of the supplier's current ratio: <br \/>\r<br>Current Assets: Stock $200; Debtors $60; Cash $40; Total $300 <br \/>\r<br>Short Term Liabilities: Bank overdraft $150 <br \/>\r<br>Which calculation will the procurement manager use to find out the current ratio?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='453814' \/><input type='hidden' id='answerType453814' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453814[]' id='answer-id-1755157' class='answer   answerof-453814 ' value='1755157'   \/><label for='answer-id-1755157' id='answer-label-1755157' class=' answer'><span>300\u00f7200\u00d7150300 \u00f7 200 \u00d7 150300\u00f7200\u00d7150<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453814[]' id='answer-id-1755158' class='answer   answerof-453814 ' value='1755158'   \/><label for='answer-id-1755158' id='answer-label-1755158' class=' answer'><span>300\u00f7150300 \u00f7 150300\u00f7150<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453814[]' id='answer-id-1755159' class='answer   answerof-453814 ' value='1755159'   \/><label for='answer-id-1755159' id='answer-label-1755159' class=' answer'><span>(300&#8722;150)\u00d7100(300 - 150) \u00d7 100(300&#8722;150)\u00d7100<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453814[]' id='answer-id-1755160' class='answer   answerof-453814 ' value='1755160'   \/><label for='answer-id-1755160' id='answer-label-1755160' class=' answer'><span>(300&#8722;200&#8722;150)\u00d7100(300 - 200 - 150) \u00d7 100(300&#8722;200&#8722;150)\u00d7100<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-453815'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>Single sourcing is only used by buyers where the total requirement is too small to justify splitting orders among more suppliers. Is this statement correct?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='453815' \/><input type='hidden' id='answerType453815' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453815[]' id='answer-id-1755161' class='answer   answerof-453815 ' value='1755161'   \/><label for='answer-id-1755161' id='answer-label-1755161' class=' answer'><span>No, because single sourcing should only be used where there is just one supplier in the market<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453815[]' id='answer-id-1755162' class='answer   answerof-453815 ' value='1755162'   \/><label for='answer-id-1755162' id='answer-label-1755162' class=' answer'><span>Yes, because many suppliers tend to increase stock variety and stock proliferation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453815[]' id='answer-id-1755163' class='answer   answerof-453815 ' value='1755163'   \/><label for='answer-id-1755163' id='answer-label-1755163' class=' answer'><span>No, because single sourcing may also be used when a requirement demands expensive set-up costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453815[]' id='answer-id-1755164' class='answer   answerof-453815 ' value='1755164'   \/><label for='answer-id-1755164' id='answer-label-1755164' class=' answer'><span>Yes, because single sourcing works well within a volatile supply environment<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-453816'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>Bob works in the procurement department of a construction firm. He has been asked to procure an item for a short-term project which is considered low risk. <br \/>\r<br>What type of sourcing will he be completing?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='453816' \/><input type='hidden' id='answerType453816' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453816[]' id='answer-id-1755165' class='answer   answerof-453816 ' value='1755165'   \/><label for='answer-id-1755165' id='answer-label-1755165' class=' answer'><span>tactical<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453816[]' id='answer-id-1755166' class='answer   answerof-453816 ' value='1755166'   \/><label for='answer-id-1755166' id='answer-label-1755166' class=' answer'><span>strategic<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453816[]' id='answer-id-1755167' class='answer   answerof-453816 ' value='1755167'   \/><label for='answer-id-1755167' id='answer-label-1755167' class=' answer'><span>outsourcing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453816[]' id='answer-id-1755168' class='answer   answerof-453816 ' value='1755168'   \/><label for='answer-id-1755168' id='answer-label-1755168' class=' answer'><span>insourcing<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-453817'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>A buyer is only interested in working with suppliers who have strong Environmental and Social Governance practices. It is therefore using ethical criteria as supplier selection stage to determine which suppliers to work with. <br \/>\r<br>Which of the following statements is true?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='453817' \/><input type='hidden' id='answerType453817' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453817[]' id='answer-id-1755169' class='answer   answerof-453817 ' value='1755169'   \/><label for='answer-id-1755169' id='answer-label-1755169' class=' answer'><span>compliance with Codes of Conduct from professional bodies is mandatory<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453817[]' id='answer-id-1755170' class='answer   answerof-453817 ' value='1755170'   \/><label for='answer-id-1755170' id='answer-label-1755170' class=' answer'><span>ethical behaviour is impossible to determine as issues such as Modern Slavery often go undetected<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453817[]' id='answer-id-1755171' class='answer   answerof-453817 ' value='1755171'   \/><label for='answer-id-1755171' id='answer-label-1755171' class=' answer'><span>the buyer should ask suppliers to be accredited to ISO9001a supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-453818'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>ABC Ltd works with supplier XYZ Ltd who uses a variety of subcontractors. ABC has recently learned of an ethical breach being committed by one of XYZ's subcontractors. <br \/>\r<br>What should ABC do?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='453818' \/><input type='hidden' id='answerType453818' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453818[]' id='answer-id-1755172' class='answer   answerof-453818 ' value='1755172'   \/><label for='answer-id-1755172' id='answer-label-1755172' class=' answer'><span>Recommend remedial action<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453818[]' id='answer-id-1755173' class='answer   answerof-453818 ' value='1755173'   \/><label for='answer-id-1755173' id='answer-label-1755173' class=' answer'><span>Seek compensation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453818[]' id='answer-id-1755174' class='answer   answerof-453818 ' value='1755174'   \/><label for='answer-id-1755174' id='answer-label-1755174' class=' answer'><span>Terminate the contract<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453818[]' id='answer-id-1755175' class='answer   answerof-453818 ' value='1755175'   \/><label for='answer-id-1755175' id='answer-label-1755175' class=' answer'><span>Research alternative suppliers<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-453819'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>For complex and high value tenders, which document is the most appropriate to send to those suppliers who have already been appraised and deemed suitable?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='453819' \/><input type='hidden' id='answerType453819' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453819[]' id='answer-id-1755176' class='answer   answerof-453819 ' value='1755176'   \/><label for='answer-id-1755176' id='answer-label-1755176' class=' answer'><span>PQQ<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453819[]' id='answer-id-1755177' class='answer   answerof-453819 ' value='1755177'   \/><label for='answer-id-1755177' id='answer-label-1755177' class=' answer'><span>ITT<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453819[]' id='answer-id-1755178' class='answer   answerof-453819 ' value='1755178'   \/><label for='answer-id-1755178' id='answer-label-1755178' class=' answer'><span>RFQ<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453819[]' id='answer-id-1755179' class='answer   answerof-453819 ' value='1755179'   \/><label for='answer-id-1755179' id='answer-label-1755179' class=' answer'><span>RFT<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-453820'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>A buyer has discovered their supplier has taken the passports of some of their workforce. The <br \/>\r<br>supplier has offered the buyer a discount against the contract, but the discount only applies if the <br \/>\r<br>buyer does not report this finding. <br \/>\r<br>Which ethical concerns should the buyer report to the necessary <br \/>\r<br>stakeholders? <br \/>\r<br>Fraudulent activity <br \/>\r<br>Bribery <br \/>\r<br>Modern slavery <br \/>\r<br>Breach of confidentiality<\/div><input type='hidden' name='question_id[]' id='qID_34' value='453820' \/><input type='hidden' id='answerType453820' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453820[]' id='answer-id-1755180' class='answer   answerof-453820 ' value='1755180'   \/><label for='answer-id-1755180' id='answer-label-1755180' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453820[]' id='answer-id-1755181' class='answer   answerof-453820 ' value='1755181'   \/><label for='answer-id-1755181' id='answer-label-1755181' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453820[]' id='answer-id-1755182' class='answer   answerof-453820 ' value='1755182'   \/><label for='answer-id-1755182' id='answer-label-1755182' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453820[]' id='answer-id-1755183' class='answer   answerof-453820 ' value='1755183'   \/><label for='answer-id-1755183' id='answer-label-1755183' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-453821'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>An organisation wants to measure its Triple Bottom Line. <br \/>\r<br>Which of the following should be considered to help achieve this goal?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='453821' \/><input type='hidden' id='answerType453821' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453821[]' id='answer-id-1755184' class='answer   answerof-453821 ' value='1755184'   \/><label for='answer-id-1755184' id='answer-label-1755184' class=' answer'><span>Quality and lead time and performance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453821[]' id='answer-id-1755185' class='answer   answerof-453821 ' value='1755185'   \/><label for='answer-id-1755185' id='answer-label-1755185' class=' answer'><span>Innovation and creativity performance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453821[]' id='answer-id-1755186' class='answer   answerof-453821 ' value='1755186'   \/><label for='answer-id-1755186' id='answer-label-1755186' class=' answer'><span>Financial and environmental performance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453821[]' id='answer-id-1755187' class='answer   answerof-453821 ' value='1755187'   \/><label for='answer-id-1755187' id='answer-label-1755187' class=' answer'><span>Procedure and process performance<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-453822'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>Which of the following would you expect to find in an Invitation to Tender? Select THREE<\/div><input type='hidden' name='question_id[]' id='qID_36' value='453822' \/><input type='hidden' id='answerType453822' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453822[]' id='answer-id-1755188' class='answer   answerof-453822 ' value='1755188'   \/><label for='answer-id-1755188' id='answer-label-1755188' class=' answer'><span>awarding body<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453822[]' id='answer-id-1755189' class='answer   answerof-453822 ' value='1755189'   \/><label for='answer-id-1755189' id='answer-label-1755189' class=' answer'><span>deadline (Correct)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453822[]' id='answer-id-1755190' class='answer   answerof-453822 ' value='1755190'   \/><label for='answer-id-1755190' id='answer-label-1755190' class=' answer'><span>pricing schedule<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453822[]' id='answer-id-1755191' class='answer   answerof-453822 ' value='1755191'   \/><label for='answer-id-1755191' id='answer-label-1755191' class=' answer'><span>qualifications required<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453822[]' id='answer-id-1755192' class='answer   answerof-453822 ' value='1755192'   \/><label for='answer-id-1755192' id='answer-label-1755192' class=' answer'><span>risk assessments<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-453823'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>GDP is an economic index that a procurement professional can use to measure economic data. <br \/>\r<br>What does GDP tell you?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='453823' \/><input type='hidden' id='answerType453823' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453823[]' id='answer-id-1755193' class='answer   answerof-453823 ' value='1755193'   \/><label for='answer-id-1755193' id='answer-label-1755193' class=' answer'><span>the value of public limited companies within a country<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453823[]' id='answer-id-1755194' class='answer   answerof-453823 ' value='1755194'   \/><label for='answer-id-1755194' id='answer-label-1755194' class=' answer'><span>the monatary value of the goods manufactured in a financial period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453823[]' id='answer-id-1755195' class='answer   answerof-453823 ' value='1755195'   \/><label for='answer-id-1755195' id='answer-label-1755195' class=' answer'><span>the value of commodities such as steel, oil and wheat at a point in time<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453823[]' id='answer-id-1755196' class='answer   answerof-453823 ' value='1755196'   \/><label for='answer-id-1755196' id='answer-label-1755196' class=' answer'><span>average changes in price over a year<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-453824'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>A balance sheet will show a company's assets, liabilities and shareholder equity. <br \/>\r<br>What is share-holder equity?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='453824' \/><input type='hidden' id='answerType453824' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453824[]' id='answer-id-1755197' class='answer   answerof-453824 ' value='1755197'   \/><label for='answer-id-1755197' id='answer-label-1755197' class=' answer'><span>the profit from sales once tax has been deducted<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453824[]' id='answer-id-1755198' class='answer   answerof-453824 ' value='1755198'   \/><label for='answer-id-1755198' id='answer-label-1755198' class=' answer'><span>the amount of money held in the company's bank account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453824[]' id='answer-id-1755199' class='answer   answerof-453824 ' value='1755199'   \/><label for='answer-id-1755199' id='answer-label-1755199' class=' answer'><span>the owners' residual claim once all debt has been paid<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453824[]' id='answer-id-1755200' class='answer   answerof-453824 ' value='1755200'   \/><label for='answer-id-1755200' id='answer-label-1755200' class=' answer'><span>the amount of money from retained earnings<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-453825'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>What are some of the benefits of conducting unscheduled supplier audits? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_39' value='453825' \/><input type='hidden' id='answerType453825' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453825[]' id='answer-id-1755201' class='answer   answerof-453825 ' value='1755201'   \/><label for='answer-id-1755201' id='answer-label-1755201' class=' answer'><span>Unscheduled audits significantly reduce costs compared to scheduled visits<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453825[]' id='answer-id-1755202' class='answer   answerof-453825 ' value='1755202'   \/><label for='answer-id-1755202' id='answer-label-1755202' class=' answer'><span>Unscheduled audits help to achieve an unbiased assessment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453825[]' id='answer-id-1755203' class='answer   answerof-453825 ' value='1755203'   \/><label for='answer-id-1755203' id='answer-label-1755203' class=' answer'><span>Unscheduled audits help to identify non-compliance issues<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453825[]' id='answer-id-1755204' class='answer   answerof-453825 ' value='1755204'   \/><label for='answer-id-1755204' id='answer-label-1755204' class=' answer'><span>Unscheduled audits increase the risk of providing misinformation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-453825[]' id='answer-id-1755205' class='answer   answerof-453825 ' value='1755205'   \/><label for='answer-id-1755205' id='answer-label-1755205' class=' answer'><span>Unscheduled audits are more time-efficient than scheduled audits<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-453826'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>Which models would be appropriate for analysis of the supply market? <br \/>\r<br>1) Porter's Five Forces <br \/>\r<br>2) Porter\u2019s Value Chain <br \/>\r<br>3) STEEPLED <br \/>\r<br>4) Ishikawa Fishbone<\/div><input type='hidden' name='question_id[]' id='qID_40' value='453826' \/><input type='hidden' id='answerType453826' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453826[]' id='answer-id-1755206' class='answer   answerof-453826 ' value='1755206'   \/><label for='answer-id-1755206' id='answer-label-1755206' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453826[]' id='answer-id-1755207' class='answer   answerof-453826 ' value='1755207'   \/><label for='answer-id-1755207' id='answer-label-1755207' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453826[]' id='answer-id-1755208' class='answer   answerof-453826 ' value='1755208'   \/><label for='answer-id-1755208' id='answer-label-1755208' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-453826[]' id='answer-id-1755209' class='answer   answerof-453826 ' value='1755209'   \/><label for='answer-id-1755209' id='answer-label-1755209' class=' answer'><span>3 and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-41'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons11557\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; 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