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CIPS L4M4 Exam Dumps - Actual Questions Answers


L4M4 practice test questions answers

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  • Last Update: Oct 15, 2025
  • Questions: 282 questions with Expert Explanation
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L4M4 Questions and Answers

Question # 1

The procurement team received an urgent request from the business to source quotations forpest control services. The team decided to use a local newspaper to advertise the requirements. Was this an appropriate approach to use in the circumstance?

A.

No, because they might receive too many irrelevant proposals which may delay the assessing process

B.

No, because international vendors must also be notified of the opportunity

C.

Yes, they must seek as many bids as possible even if it takes longer

D.

Yes, so that the local pest control sector can decide between them who should bid

Question # 2

When using a 'credit account' payment mechanism, when does a supplier receive payment for the goods?

A.

after delivery

B.

in advance of delivery

C.

when they receive the PO

D.

before the order is placed

Question # 3

Incoterms are designed to be understood and interpreted on a worldwide basis. What is the interpretation for FOB (Free on Board)?

A.

The buyer takes responsibility for the goods after they are loaded on the ship, plus all subsequent costs including freight charges

B.

The buyer takes responsibility for taking the goods from the departure quayside to the ship, plus all subsequent costs

C.

The buyer takes responsibility for the goods after they are loaded on the ship, plus subsequent costs excluding freight charges

D.

The buyer takes responsibility for transferring the goods from the seller's premises to the ship, plus all subsequent costs

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