NEWEST SAMPLE L5M5 EXAM & LEADER IN QUALIFICATION EXAMS & FREE DOWNLOAD CIPS MANAGING ETHICAL PROCUREMENT AND SUPPLY (L5M5)

Newest Sample L5M5 Exam & Leader in Qualification Exams & Free Download CIPS Managing Ethical Procurement and Supply (L5M5)

Newest Sample L5M5 Exam & Leader in Qualification Exams & Free Download CIPS Managing Ethical Procurement and Supply (L5M5)

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CIPS Managing Ethical Procurement and Supply (L5M5) Sample Questions (Q19-Q24):

NEW QUESTION # 19
Rahul, a procurement officer at a textile manufacturing company, aims to engage employees in integrating ESG (environmental, social, and governance) standards into daily operations. Is this an effective strategy?

  • A. Yes. Because, Employees are the best promoters and they feel valued if they involved
  • B. Yes, because workers have the right to association and CBA
  • C. No, for implementing ESG standards there is no need to raise awareness
  • D. No, because in raising ESG awareness workers have nothing to do

Answer: A

Explanation:
Choice D- Involving employees in raising sustainability awareness is a good strategy because by involving them, they feel valued and empowered, leading to increased engagement, ownership, and better promotion of sustainability practices. This is the correct answer.
Incorrect answer:
Choice A - This option is incorrect because raising awareness is a crucial step in implementing ESG initiatives. Without awareness, employees may lack the knowledge and motivation to adopt ESG practices, which can hinder the success of such efforts.
Choice B - This option is incorrect because the right to association and collective bargaining (CBA) refers to labor rights, not to ESG awareness. While these rights are important in the workplace, they do not justify involving workers in sustainability initiatives specifically.
Choice C - This option is incorrect because workers/employees are integral to the implementation of ESG practices. They play a key role in daily operations and can influence the organization's sustainability efforts. Claiming they have "nothing to do" disregards their potential contributions and undermines their importance in achieving ESG goals.
Reference:
LO-2.4; Page 224-225; Worker representation, processes and audit trails


NEW QUESTION # 20
The ILO's fundamental principles and rights at work are binding on which countries?

  • A. Only developed countries
  • B. Only those that have ratified the ILO conventions
  • C. All member states of the ILO
  • D. Only countries with high labor standards

Answer: C

Explanation:
Choice B- This is the correct answer. The International Labor Organization (ILO) requires all member states to copyright its fundamental principles and rights at work, even if they have not ratified the specific conventions associated with these principles. These fundamental principles are part of the ILO Declaration on Fundamental Principles and Rights at Work (1998), which includes:
Freedom of association and the right to collective bargaining.
Elimination of forced or compulsory labor.
Abolition of child labor.
Elimination of discrimination in respect of employment and occupation.
When a country joins the ILO, it automatically accepts an obligation to respect, promote, and realize these fundamental principles, regardless of whether it has formally ratified the associated conventions. This reflects the ILO's commitment to promoting universal labor standards and protecting workers' rights globally.
Incorrect answer:
Choice A- This is incorrect because the fundamental principles apply to all member states, not just those that ratified specific conventions.
Choice C- The principles are universal and apply to all member states, regardless of economic status.
Choice D- Even countries with weak labor standards are obligated to promote these principles as ILO members. So, this is not the answer.
Reference:
LO-3.1; Page 248-249; Standards set by the United Nations (UN) and the International Labor Organization (ILO)


NEW QUESTION # 21
Which three of the following can the procurement function use to integrate sustainability into contract pricing and payment terms?

  • A. Flexible price agreements
  • B. Pricing mechanisms focused on developing large-scale businesses
  • C. Pricing based on quality focus
  • D. Payment terms focused on supporting multinational corporations
  • E. Incentivized payment terms

Answer: A,C,E

Explanation:
Choice A- Supports sustainability by accommodating cost changes tied to sustainable practices (e.g., carbon pricing, resource scarcity).
Choice C- Pricing based on quality focus prioritizes sustainability by valuing higher quality, sustainable products or services over lower-cost alternatives.
Choice D- Rewards suppliers for meeting or exceeding sustainability targets (e.g., early payments for sustainable achievements).
Incorrect answer:
Choice B- Not directly related to sustainability, unless tied to large-scale sustainable initiatives (e.g., renewable energy projects).
Choice E- This does not directly contribute to sustainability and may favor established corporations over smaller, more innovative, and potentially sustainable suppliers.
Reference:
LO-2.2; Page 187-191; Monitoring Contract Performance


NEW QUESTION # 22
Mahfuz, a Procurement Officer at GreenLine Industries, manages a contract with a supplier of key raw materials. He recently noticed the supplier's non-compliance with the company's CSR (Corporate Social Responsibility) policy. Despite addressing the issue in a meeting, no significant improvements have been made. What should Mahfuz do next?

  • A. Make a financial claim
  • B. Escalate the issue to a senior manager
  • C. Terminate the contract
  • D. Issue an ultimatum

Answer: B

Explanation:
Choice C - This is the correct answer. Escalating the issue allows for higher-level intervention, which may lead to more significant pressure on the supplier to comply with the CSR policy. Senior managers can also provide strategic direction on how to handle the situation.
Incorrect answer:
Choice A - This is a drastic step and should typically be a last resort. Terminating the contract without giving the supplier an adequate opportunity to improve or exhausting internal escalation processes may damage the business relationship and disrupt the supply chain.
Choice B - While this might push the supplier to act, it can come across as confrontational and may not lead to a constructive resolution. A more collaborative approach, such as involving senior management, is usually preferable.
Choice D- This option is not suitable unless the supplier's non-conformance has directly resulted in financial damages that can be substantiated. The scenario does not indicate such damages, so this is not an appropriate action at this stage.
Reference:
LO-2.4; Page 233-234; Escalating non-compliance and making exit arrangements


NEW QUESTION # 23
Mila's Catering Services has committed to paying living wages to its workers as part of its ESG objectives. Which of the following are reasons for this initiative? Select any TWO.

  • A. Improves long term buyer supplier relationships and makes them sustainable
  • B. Living wage laws can reduce job opportunities for less-skilled workers
  • C. Creates a positive impact on the society
  • D. Paying a living wage can be expensive, especially for small businesses with thin profit margins

Answer: A,C

Explanation:
Choice B - Paying living wages improves long term buyer supplier relationships and makes them sustainable thus is good for business. This option is correct.
Choice D- Living wages workers are working individuals who can actively take part in the local economy and boost local businesses. This therefore motivates business leaders and employees who want their company to make a positive impact on the society. This is also the correct answer.
Choice A - The imposition of living wages reduces job opportunities for the very families they are intended to help. When wages are legislated by government above those that would result in a competitive market, employers respond by reducing the number of workers they employ and/or the number of hours their employees work. That means living wage laws lead to higher unemployment for low-skilled workers and reduce opportunities for those entering the workforce to gain valuable skills and work experience. This is a downside of living wage and not a reason to take the initiative.
Choice C -Considering cost, paying a living wage can be expensive, especially for small businesses with thin profit margins thus is not a reason to undertake the initiative.
Reference:
LO-1.3; Page 92-93; Wages and social security arrangements


NEW QUESTION # 24
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