Discuss CIPS L4M8 Exam Topic 2 Question 29

Research the ethical standard or accreditations of an industry with which you are familiar

AExplanation:
If a supplier is accredited or is a member of an association that promotes good ethical conduct, a statement to this effect is likely to be featured on its company documentation. This could be in a form of letters after the organization name or the authorized use of logo.
Accreditation information should be verified by procurement professionals either asking organiza-tion for certification to prove membership or accreditation or checking on a professional register.
Below are associated bodies that form some industries.
1. ISO 14001 -- for quality management
2. CIPS -- for procurement and Supply
3. Red Tractor -- NGO Registered in the UK, promoting human right
4. Amnesty International -- human right
5. Carbon Trust -- For Carbon neutral status.

Suggested Answer: A

Get Premium L4M8 Questions as Interactive Web-Based Practice Test or PDF Real Exam Format Detailed Explanations Instant Access Get Your Practice Test

27 comments · newest first

Long 11 months ago

Not sure how much these accreditations actually matter in practice.

Jonelle 11 months ago

CIPS membership really boosts credibility in procurement.

Kassandra 12 months ago

Wait, Red Tractor is an NGO? I thought it was just a certification!

Reita 12 months ago

Totally agree, it's essential for suppliers to have that.

Adelina 1 year ago

ISO 14001 is a big deal for quality management!

Delila 1 year ago

I recall that verifying accreditation is crucial, but I’m a bit confused about how to check those professional registers effectively.

Penney 1 year ago

I feel like I need to double-check the requirements for the Red Tractor accreditation. Was it only for food suppliers, or does it cover other industries too?

Cassie 1 year ago

I think CIPS was mentioned in a practice question about procurement ethics. They have guidelines, right?

Miesha 1 year ago

I remember we discussed ISO 14001 in class, but I'm not entirely sure how it specifically relates to ethical standards in procurement.

Stephaine 1 year ago

I feel pretty confident about this one. I'll make sure to thoroughly investigate the industry I select and provide a detailed explanation of the ethical standards or accreditations I find.

Justine 1 year ago

Hmm, this is a good question. I'm not too sure where to start, but I guess I'll try to think of an industry I know something about and see what kind of ethical standards or accreditations I can find.

Julieta 1 year ago

I think I can handle this question. I'll start by identifying an industry I'm familiar with, like the tech industry, and then research the ethical standards or accreditations that are common in that field.

Chau 1 year ago

Okay, this seems straightforward enough. I'll probably just do a quick online search to find the major industry associations or certifications that are relevant to the field I choose to research.

Marisha 1 year ago

Okay, I think I've got it now. The deduction method means the foreign tax can be deducted from the foreign income, so only the net amount is taxed in the country of residency. That makes sense to me, so I'll go with option C.

Erasmo 1 year ago

Okay, let me think this through. I need to stop any new connections using the compromised account, so I'll try A and B to disable the password and limit the connections to 0.

Jess 2 years ago

I think checking with the organization for certification is a good way to ensure ethical standards are met.

In 2 years ago

It's important for procurement professionals to verify accreditation information before working with a supplier.

Shad 2 years ago

I agree, CIPS accreditation for procurement and supply is also highly regarded in the industry.

Lamonica 2 years ago

For example, ISO 14001 is a great accreditation for quality management.

Martin 2 years ago

I feel like accreditation can really show a company's commitment to ethics.

Justine 2 years ago

I have been asked to research the ethical standards of an industry I know.

Una 2 years ago

Interesting. I'll make sure to check for these accreditations when dealing with suppliers.

Alex 2 years ago

I've also heard of CIPS for procurement and supply chain management.

Alonso 2 years ago

Well, some industries use ISO 14001 for quality management.

Una 3 years ago

I agree. Do you know any specific accreditations that are commonly used?

Alex 3 years ago

Definitely, it helps build trust with customers and stakeholders.

Alonso 3 years ago

I think it's important for industries to have ethical standards in place.

CIPS L4M8 Exam - Topic 2 Question 29 Discussion