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

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.

Show Suggested Answer

Suggested Answer: A

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

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Long

3 months ago

Not sure how much these accreditations actually matter in practice.

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Jonelle

3 months ago

CIPS membership really boosts credibility in procurement.

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Kassandra

3 months ago

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

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Reita

4 months ago

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

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Adelina

4 months ago

ISO 14001 is a big deal for quality management!

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Delila

4 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

4 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

4 months ago

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

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Miesha

5 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

5 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

5 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

5 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

5 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

5 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

5 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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