©JASONMcCONNELL 2025 ALL RIGHTS RESERVED
CIPS L4M1 LO3 Exam Questions and
Answers 100% Pass
Corporate Governance - Answer✔Mechanisms, procedures and processes that are used to
control and direct an organisation.
Ethics - Answer✔Principles that govern a person's or an organisations behaviour
Values - Answer✔Importance or worth that an attribute has for an individual or stakeholder
group.
Value advantage
Conflict of interest (COI) - Answer✔Where an individual is unable to remain impartial due to a
personal, professional or public interest
The 4D model - Answer✔1. Disclose
2. Distance
3. Delegate
4. Disassociate
Ethical Procurement - Answer✔Ensuring that products and services are obtained in a
responsible and sustainable way that demonstrates respect for people involved in the supply
chain and the environment such as fraud, corruption, bribery, modern slavery, human rights.
1
, ©JASONMcCONNELL 2025 ALL RIGHTS RESERVED
CIPS Code of Conduct - Answer✔A document stating the standards, behaviours and actions that
a CIPS member must conform to during their membership of the organisation
CIPS code of Conduct - 5 areas - Answer✔1. Enhance and protect the standing of the profession
2. Maintain the highest standard of integrity in all business relationship
3. Promote the eradication of unethical business practices
4. Enhance the proficiency and stature of the profession
5. Ensure full compliance with laws and regulations
Code of conduct - Answer✔A series of rules set by an organisation that define suitable
behaviours and values that should be used and applied by a member of that organisation, for
the purpose of acting in a suitable manner, as well as demonstrating uniformity and upholding
the standards of the organisation
Continuing professional development (CPD) - Answer✔Undertaking training or attending
courses to develop knowledge
Procurement policies and strategies - Answer✔Principles adopted by the organisation.
High level planning, including setting direction and long-term goals.
Procedure - Answer✔A method by which a task should be undertaken
Policies - Answer✔Principles adopted by the organisation
Risk Managemenf - Answer✔A process involving risk identification, assessment, management
and mitigation
Accountability - Answer✔ability to answer for one's own actions
2
CIPS L4M1 LO3 Exam Questions and
Answers 100% Pass
Corporate Governance - Answer✔Mechanisms, procedures and processes that are used to
control and direct an organisation.
Ethics - Answer✔Principles that govern a person's or an organisations behaviour
Values - Answer✔Importance or worth that an attribute has for an individual or stakeholder
group.
Value advantage
Conflict of interest (COI) - Answer✔Where an individual is unable to remain impartial due to a
personal, professional or public interest
The 4D model - Answer✔1. Disclose
2. Distance
3. Delegate
4. Disassociate
Ethical Procurement - Answer✔Ensuring that products and services are obtained in a
responsible and sustainable way that demonstrates respect for people involved in the supply
chain and the environment such as fraud, corruption, bribery, modern slavery, human rights.
1
, ©JASONMcCONNELL 2025 ALL RIGHTS RESERVED
CIPS Code of Conduct - Answer✔A document stating the standards, behaviours and actions that
a CIPS member must conform to during their membership of the organisation
CIPS code of Conduct - 5 areas - Answer✔1. Enhance and protect the standing of the profession
2. Maintain the highest standard of integrity in all business relationship
3. Promote the eradication of unethical business practices
4. Enhance the proficiency and stature of the profession
5. Ensure full compliance with laws and regulations
Code of conduct - Answer✔A series of rules set by an organisation that define suitable
behaviours and values that should be used and applied by a member of that organisation, for
the purpose of acting in a suitable manner, as well as demonstrating uniformity and upholding
the standards of the organisation
Continuing professional development (CPD) - Answer✔Undertaking training or attending
courses to develop knowledge
Procurement policies and strategies - Answer✔Principles adopted by the organisation.
High level planning, including setting direction and long-term goals.
Procedure - Answer✔A method by which a task should be undertaken
Policies - Answer✔Principles adopted by the organisation
Risk Managemenf - Answer✔A process involving risk identification, assessment, management
and mitigation
Accountability - Answer✔ability to answer for one's own actions
2
