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  • Exam Name: Managing Ethical Procurement and Supply
  • Last Update: 05-Dec-2025
  • Questions and Answers: 89
  • Single Choice: 67 Q&A's
  • Multiple Choice: 21 Q&A's
  • Drag Drop: 1 Q&A's

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L5M5 Questions and Answers

Question # 1

Labour standards facilitate international trade and there are international regulations to secure this. Is this statement TRUE?

A.

Yes – labour standards are regulated by the UN and other multi-national bodies

B.

Yes – there is a minimum labour standard governing pay and conditions

C.

No – labour standards vary from country to country

D.

No – no countries have established labour standards

Question # 2

Patrick, a Category Manager, is procuring a high-cost item with many suppliers available and low switching costs. According to the Kraljic Matrix, what type of supplier is this?

A.

Leverage

B.

Bottleneck

C.

Routine

D.

Strategic

Question # 3

The WTO (World Trade Organisation) has several functions. Which of the following is not a function of the WTO?

A.

Set trade rules between countries

B.

Deal with trade disputes between countries

C.

Strive for full employment and high living standards

D.

Ensure a high level of labour standards

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