CIPS Exam L4M4 Topic 1 Question 14 Discussion

Actual exam question for CIPS's L4M4 exam

Question #: 14
Topic #: 1

[All L4M4 Questions]

What is a major benefit to using Incoterms when sourcing goods internationally?

Ait ensures value for money

Bit ensures ethical business practices

Cit replaces lengthy contractual clauses

Dit replaces the need for insurance

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Suggested Answer: A

The three pillars of sustainability are profit, people and planet. This may also be referred to as social, economic and environmental.

by Wendell at Jun 30, 2024, 04:58 PM

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Pilar

26 days ago

Incoterms - the international sourcing version of 'it's complicated' on your relationship status.

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Maryanne

29 days ago

B) it ensures ethical business practices? Hmm, I don't think Incoterms are a moral compass, but they do help set clear expectations.

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Donette

1 months ago

D) it replaces the need for insurance? What is this, the 'get out of insurance free' card? Incoterms don't make insurance obsolete, my friend.

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Arthur

2 days ago

B) it ensures ethical business practices

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Devora

9 days ago

A) it ensures value for money

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Sunshine

10 days ago

A) it ensures value for money

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Kerry

1 months ago

A) it ensures value for money? Nah, Incoterms are more about clarifying responsibilities, not guaranteeing the best price.

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Iluminada

1 months ago

C) it replaces lengthy contractual clauses - that's the one! Incoterms help streamline the international sourcing process.

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Aleshia

1 days ago

D) it replaces the need for insurance

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Rene

15 days ago

C) it replaces lengthy contractual clauses

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Marshall

21 days ago

B) it ensures ethical business practices

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Hubert

1 months ago

A) it ensures value for money

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Annita

2 months ago

I believe it also helps in avoiding any misunderstandings in the contract, so I would go with C) it replaces lengthy contractual clauses.

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Dominic

2 months ago

I agree with Ayesha, using Incoterms can help in getting the best value for our money.

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Ayesha

3 months ago

I think the major benefit is that it ensures value for money.

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