CIPS L4M8 Exam - Topic 4 Question 30 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 30
Topic #: 4

[All L4M8 Questions]

Research the ethical standard or accreditation 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.
*
Refer to the question column for response

Show Suggested Answer

Suggested Answer: A

by Fabiola at Mar 17, 2024, 07:20 AM

Limited Time Offer

25%

Off

Get Premium L4M8 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Eric

3 months ago

Not sure if these accreditations actually make a difference in practice.

upvoted 0 times

...

Vicky

3 months ago

Amnesty International really sets the bar for human rights.

upvoted 0 times

...

Jenelle

3 months ago

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

upvoted 0 times

...

Margery

4 months ago

Totally agree, CIPS is essential for procurement standards.

upvoted 0 times

...

Louvenia

4 months ago

ISO 14001 is a big deal for quality management!

upvoted 0 times

...

Annice

4 months ago

I recall discussing Amnesty International in class, but I’m uncertain how their standards apply to procurement practices directly.

upvoted 0 times

...

Harley

4 months ago

I practiced a question about verifying accreditation, and I think it’s important to check if a supplier has the right certifications listed on their documents.

upvoted 0 times

...

Amos

4 months ago

I think CIPS is crucial for procurement ethics, but I might confuse its role with other organizations like Red Tractor.

upvoted 0 times

...

Della

5 months ago

I remember studying ISO 14001 for quality management, but I'm not entirely sure how it specifically relates to ethical standards.

upvoted 0 times

...

Jacklyn

5 months ago

Ugh, I'm not sure I'm going to do well on this one. Ethical standards and accreditations aren't really my strong suit. I'll do my best to find an industry I know a bit about and try to piece together how their system works, but I'm a little worried about this one.

upvoted 0 times

...

Eura

5 months ago

Ooh, this is a great question! I'm really interested in the ethical side of business, so I'm excited to dive into this. I'll make sure to thoroughly research a relevant industry and explain how their accreditation process works to ensure high standards.

upvoted 0 times

...

Blair

5 months ago

Hmm, this is a bit tricky. I'm not super familiar with any specific industry's ethical standards. I'll have to do some research to find a good example to write about. Hopefully, I can find something relevant that I can discuss in depth.

upvoted 0 times

...

Cecil

5 months ago

I think I can handle this one. I'm familiar with the accounting industry and the various ethical standards and accreditations they have. I'll research the key ones and explain how they promote good conduct.

upvoted 0 times

...

Cathern

5 months ago

Hmm, this is a tricky one. I think the key is understanding how data cleansing can impact the training and test sets differently.

upvoted 0 times

...

Sommer

5 months ago

I feel pretty confident that the answer is D. The major considerations in project management generally include things like budgeting, staffing, and task planning - which are all covered in the options provided. I'll go with D.

upvoted 0 times

...

Jamal

5 months ago

Okay, the key here is that the DNS server IP prefix route is missing from the BGP EVPN routing table. I think option A looks like the right way to add that prefix route.

upvoted 0 times

...

Lashunda

5 months ago

Okay, let me think this through. We're looking for a class object that can give us the names of the logs and outputs generated by the script. Based on the options, I'm guessing it's either the "Run" or "Experiment" class.

upvoted 0 times

...