NO.35 When evaluating a supplier’s proposal in relation to ESC (Environmental, Social, Governance, and ethical elements), it is common to send questionnaires to suppliers requesting information, which can later be scored.
Which of the following questions would be assessing any of the ESC criteria?
* Could you provide details on your manufacturing and raw material costs as part of an open-book pricing contract?
* How do you promote equal opportunity for your employees, customers, and suppliers?
* What is the annual turnover and profitability of your company?
* Does your company have an anti-bribery policy?

NO.36 Which award criteria can be applied when sourcing requirements from external suppliers?

NO.37 Other than price, what should a buyer consider when evaluating supplier quotations?
* Lead times
* Add-on costs
* Wastage rates
* Past performance

NO.38 A procurement manager of a medium-sized company has suggested to their executive board that implementing an ISO environmental standard would improve procurement practices and reduce environmental and social impacts. However, some colleagues are concerned about the potential complexity and supplier resistance. Should the company go ahead with the recommendation?

NO.39 A buyer is considering trading with a new overseas supplier and wants to assess anti-bribery risks in that country. Which information sources would be useful? (Select TWO)

NO.40 Which of the following is considered as part of ESG?

NO.41 Commodities are items which can be traded on the stock exchange. These are generally divided into four categories. What are these four categories?

NO.42 The gross profit of a company can be calculated by using a simple formula. What is this?

NO.43 Henry is importing cheese from South East Asia into the UK. He is doing some research on the costs and risks of this and has discovered that the product may be considered of ‘non-preferential origin’. What implications would this mean for Henry?

NO.44 Greg is doing some research on a potential supplier and is concerned that the supplier’s funding is based on long-term debts and loans. Working with this supplier therefore might bring additional risks to Greg’s business. What should Greg do about his concerns?

NO.45 Which of the following should form part of the initial evaluation process for non-domestic vendor proposals?

NO.46 A company has a low gearing of 20%. This shows that the company relies on equity capital and should therefore have less difficulty coping during tough economic times. Is this statement TRUE?

NO.47 What mechanism helps buying organisations achieve a best value outcome in a tender exercise?

NO.48 Which of the following is a regulatory body which protects the rights of workers?

NO.49 Incoterms are divided into four main groups to follow the movement of goods covering the exporter’s premises, export and import points, and cost and risk. Which letters represent the four groups of Incoterms?

NO.50 Which of the following should be assessed in supplier proposals to check compliance with environmental, social, and governance (ESG) standards? Select THREE that apply.

NO.51 A buyer is considering trading with a new supplier who is based in a country they have not traded with before.
The buyer needs to understand the anti-bribery risks in the country. Which of the following sources of information would be useful in this regard? Select TWO that apply.

NO.52 You have been asked to purchase 500 pens of a specific brand. You decided to use a weighted points system for assessment of proposals. Is this approach appropriate?