L4M4 practice question 8 of 25

Which of the following is true for CIPS members who sign and comply with the CIPS Code of Conduct? Members can ... gain an understanding of ethical and successful business operations acquire automatic entitlement to government sponsorship enjoy continued CIPS membership and access to resources bypass the need to comply with other voluntary or legal codes

Full set: 293 questions
Answer options
A: 1 and 2
B: 2 and 3
C: 1 and 4
D: 1 and 3 Correct answer
Correct Answer:
D. 1 and 3
Explanation

The CIPS Code of Conduct serves as a foundational guide for ethical behaviour in the procurement profession. By signing and complying, members gain an understanding of ethical principles and how they contribute to successful business operations (1), as the code outlines best practices in integrity, transparency, and professionalism. Compliance is a prerequisite for enjoying continued CIPS membership and the associated benefits, such as access to resources, knowledge, and professional networks (3). The code sets the standard of conduct expected to maintain one's status as a CIPS member.

Why Incorrect

2. acquire automatic entitlement to government sponsorship: CIPS membership is a professional qualification and does not confer any automatic financial or sponsorship benefits from any government.
4. bypass the need to comply with other voluntary or legal codes: The CIPS Code is supplementary. Members must always comply with all applicable laws, regulations, and other professional codes.

References

1. CIPS. (2021). CIPS Code of Conduct. Chartered Institute of Procurement & Supply. (The preamble and core principles state the code's purpose is to guide ethical conduct and maintain the profession's integrity).

2. CIPS. (n.d.). Membership Benefits. Chartered Institute of Procurement & Supply. (Official documentation outlining that access to resources is contingent on maintaining membership, which requires adherence to the Code of Conduct).

3. CIPS. (2021). Ethical Procurement and Supply. L4M4-01. Profex Publishing. pp. 15-18. (Explains that professional codes exist alongside, and do not supersede, legal and regulatory requirements).

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