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CIPS L4M8 Exam - Topic 2 Question 29 Discussion

Research the ethical standard or accreditations of an industry with which you are familiar
A) Explanation: 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.

CIPS L4M8 Exam - Topic 2 Question 29 Discussion

Actual exam question for CIPS's L4M8 exam
Question #: 29
Topic #: 2
[All L4M8 Questions]

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

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Suggested Answer: A

by Cristy at Mar 09, 2024, 06:28 AM

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Long
9 months ago
Not sure how much these accreditations actually matter in practice.
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Jonelle
9 months ago
CIPS membership really boosts credibility in procurement.
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Kassandra
10 months ago
Wait, Red Tractor is an NGO? I thought it was just a certification!
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Reita
10 months ago
Totally agree, it's essential for suppliers to have that.
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Adelina
10 months ago
ISO 14001 is a big deal for quality management!
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Delila
10 months ago
I recall that verifying accreditation is crucial, but I’m a bit confused about how to check those professional registers effectively.
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Penney
11 months 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?
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Cassie
11 months ago
I think CIPS was mentioned in a practice question about procurement ethics. They have guidelines, right?
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Miesha
11 months ago
I remember we discussed ISO 14001 in class, but I'm not entirely sure how it specifically relates to ethical standards in procurement.
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Stephaine
11 months 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.
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Justine
11 months 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.
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Julieta
11 months 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.
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Chau
11 months 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.
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Marisha
11 months 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.
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Erasmo
11 months 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.
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Jess
2 years ago
I think checking with the organization for certification is a good way to ensure ethical standards are met.
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In
2 years ago
It's important for procurement professionals to verify accreditation information before working with a supplier.
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Shad
2 years ago
I agree, CIPS accreditation for procurement and supply is also highly regarded in the industry.
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Lamonica
2 years ago
For example, ISO 14001 is a great accreditation for quality management.
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Martin
2 years ago
I feel like accreditation can really show a company's commitment to ethics.
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Justine
2 years ago
I have been asked to research the ethical standards of an industry I know.
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Una
2 years ago
Interesting. I'll make sure to check for these accreditations when dealing with suppliers.
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Alex
2 years ago
I've also heard of CIPS for procurement and supply chain management.
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Alonso
2 years ago
Well, some industries use ISO 14001 for quality management.
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Una
2 years ago
I agree. Do you know any specific accreditations that are commonly used?
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Alex
2 years ago
Definitely, it helps build trust with customers and stakeholders.
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Alonso
2 years ago
I think it's important for industries to have ethical standards in place.
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