Which of the following areas of legislative and regulatory requirements prevent the deliberate limit- ing of supply and the formation of cartels?
Answer(s): B
the correct answer is 'marketplace competition'.Ethical practice is about prohibiting corrupt and unfair practice, rather than issues of supply and demand. Although being in a cartel is 'unethical behavior' this option doesn't fully answer the question which talks about limiting supply- this is related to marketplace competition.
Which of the following is considered as part of ESG?
The correct answer is bribery, corruption and the environment.ESG stands for environmental and social governance. It's the new buzzword for CIPS and is basically everything to do with ethical procurement- so areas such as bribery and corruption are included as well as the environment.Option 4 is incorrect as economic doesn't come into it.
The Freedom of Information Act is a piece of UK legislation which allows members of the public to request information on issues such as public sector sourcing. When a request is made, it is compulsory for the public sector to provide this information to the public. Is this statement true?
Answer(s): C
the correct answer is 'no- the public sector can choose not to publish information if it is not deemed to be in the public interest'.They use something called the 'public interest test' to determine if the information should be re- leased or not. For example they may not respond to a request asking how many bullets the UK Army has in storage, as that would be detrimental to national security interests. Responses to requests are made within 21 days, not 28.
What is the best way to prevent potential issues of conflicts of interest?
The best way to deal with potential Conflicts of Interest is to openly declare these. Just because you have a relationship with someone doesn't mean this is going to be an issue or lead to fraud, but it is a good idea to keep a written record of these.It wouldn't be a risk register, because how can you rate someone's risk of doing something dodgy? Risk registers are for objective risks such as Health and Safety.
A procurement manager who works in the public sector has received 8 submissions to a tender op- port unity that was advertised on OJEU. The average price submission for the contract was £1m but one supplier has submitted a price of £200,000, which the procurement manager has identified as being 'an abnormally low tender'. What should be the procurement manager's course of action?
You should investigate automatically low tenders by clarifying the bid with the supplier. It could be they have misunderstood the requirement. Or the bid could be genuine and they can really provide best value for money. But without enquiring, you just don't know.
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