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CIPS Managing Ethical Procurement and Supply (L5M5) Sample Questions (Q59-Q64):
NEW QUESTION # 59
A large electronics company uses third-party audits to ensure supplier compliance with labor standards. However, one supplier has raised concerns about undergoing multiple audits from different buyers, each with varying requirements. The supplier argues that this is diverting resources from making meaningful labor condition improvements.
Which issue is most relevant to the electronics company?
- A. Box ticking
- B. Hidden issues
- C. Audit fatigue
- D. Risk of audit fraud
Answer: C
Explanation:
Option A- The supplier's complaint about being overwhelmed by repeated audits from multiple buyers aligns with the concept of audit fatigue. This issue arises when frequent and overlapping audits burden suppliers, making it harder for them to implement sustainable improvements.
Incorrect answer:
Option B- This refers to a superficial approach to compliance, where suppliers focus on meeting the minimum requirements on paper rather than making meaningful, lasting improvements in working conditions. The scenario focuses on the supplier being overwhelmed by frequent audits, not on them meeting requirements superficially.
Option C- Risk of Audit Fraud arises when suppliers deliberately falsify records, misrepresent practices, or hide non-compliance to pass audits. There's no indication in the scenario that the supplier is misrepresenting their compliance or engaging in fraudulent activities.
Option D- This refers to problems that remain undetected during audits due to ineffective audit processes or deliberate concealment by suppliers. The scenario does not mention undetected issues or gaps in identifying non-compliance; the focus is on the supplier's challenges with repeated audits.
Reference:
LO-3.1; Page 273; Labor codes of conduct: Ethical Trading Initiative (ETI) and Social Accountability International's standard SA8000
NEW QUESTION # 60
Which of the following methods does the ILO use to monitor compliance with labor standards in its member states?
- A. Monitoring through commercial advertising and media channels
- B. Reporting system, direct observations, and complaints mechanism
- C. Direct intervention in national legal systems
- D. Only direct financial audits of companies
Answer: B
Explanation:
Choice B- The ILO uses a combination of methods to monitor labor standards, such as reporting, investigating which falls under direct observation and complaints mechanism.
Incorrect answer:
Choice A- The ILO does not conduct financial audits of individual companies but relies on reports and investigations at the country level.
Choice C- While the ILO provides technical assistance, it does not directly intervene in national legal systems but works with governments to improve compliance.
Choice D- The ILO does not monitor labor standards through commercial advertising or media but relies on formal mechanisms such as reports, investigations, and dialogues.
Reference:
LO-3.1; Page 255; The role of the UN and ILO in pursuing improved ESG and ethical standards
NEW QUESTION # 61
Which of the following actions could create a conflict between profitability and social value among stakeholders?
- A. Offering competitive prices to customers
- B. Engaging in corporate social responsibility initiatives
- C. Implementing environmentally sustainable practices
- D. Cutting costs by reducing employee wages
Answer: D
Explanation:
Choice B- Cutting costs by reducing employee wages is the action that could lead to a conflict between profitability and social value. While it might improve short-term profits, it can negatively affect employee morale, retention, and overall company reputation, leading to long-term challenges.
Incorrect answer:
Choice A- This action typically enhances social value by promoting environmental responsibility. While it may involve higher upfront costs, in the long run, it can lead to savings, increased customer loyalty, and a stronger brand reputation. Thus, it usually aligns profitability with social value rather than conflicting with it.
Choice C- Engaging in CSR initiatives often enhances a company's reputation and fosters goodwill within the community. While it may require financial investment and could impact short-term profits, it generally aligns with social value and can lead to long-term benefits, such as customer loyalty and brand strength.
Choice D- Offering competitive prices may initially seem like a strategy focused solely on profitability. However, it can also enhance social value by making products more accessible to a broader audience. If done without compromising quality or ethical standards, this option usually does not create a conflict but can benefit both profitability and social value.
Reference:
LO-1.4; Page 137; Comprehensive stakeholder consultations and engagement
NEW QUESTION # 62
The World Fair Trade Organization (WFTO) aims to help large global businesses expand into new markets, offering better products and fairer prices for consumers. Is this statement accurate?
- A. No, the WFTO primarily focuses on diminishing the influence of multinational corporations
- B. Yes, the WFTO establishes global rules to safeguard consumers
- C. No, the WFTO focuses on supporting smaller and disadvantaged producers
- D. Yes, the WFTO provides financial aid to international companies
Answer: C
NEW QUESTION # 63
Alphacom Corporation seeks to enhance its competitive advantage through global sourcing. Which of the following strategies would best contribute to this goal?
- A. Centralizing all procurement decisions at the headquarters to streamline processes
- B. Establishing partnerships with local suppliers to enhance supply chain responsiveness
- C. Investing in automated technologies to replace local labor
- D. Hiring additional staff to manage remote sourcing operations
Answer: B
Explanation:
Choice B - This option is the correct answer, as it emphasizes the value of strong local relationships. Local suppliers can provide faster delivery times, better understanding of regional market needs, and flexibility in adapting to changes, all of which enhance competitiveness..
Incorrect answer:
Choice C- Centralizing procurement can lead to efficiency but may overlook the benefits of local insights and responsiveness. This approach might result in a lack of adaptability to local market conditions, which can hinder competitive advantage.
Choice D- Although automation can increase efficiency and lower production costs, it may reduce the ability to quickly adapt to changes in consumer preferences or market conditions. It also removes the local insight that human suppliers can provide, potentially leading to a disconnect from customer needs.
Reference:
LO-1.2; Page 69; Competitive advantage through global sourcing
NEW QUESTION # 64
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