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CIPS Exam L4M4 Topic 1 Question 12 Discussion

Actual exam question for CIPS's L4M4 exam
Question #: 12
Topic #: 1
[All L4M4 Questions]

The use of Incoterms will eliminate all risks involved in international trade transactions. Is this statement true?

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Suggested Answer: D

A risk of pre-planning an audit is the supplier has time to prepare for it. It's a good thing in that they can get their paperwork in order but the downside is they can overprepare so you don't get a realis-tic representation of what they're doing. One way they can do this is coaching staff in what to say to the auditors.


by Mitzie at May 29, 2024, 12:59 PM

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Stevie
1 months ago
Incoterms, the ultimate risk-free transaction! Next up, a bridge in Brooklyn for sale.
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Valentin
5 days ago
B) No, they will only provide assurance about the quality of goods
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Oneida
7 days ago
Incoterms are important, but not risk-free.
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Lucina
11 days ago
A) No, they can reduce risks but will not eliminate them
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Lina
1 months ago
Eliminating all risks when buying from overseas? Dream on! Option D is just wishful thinking.
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Fairy
2 months ago
Ha! If Incoterms eliminated all risks, they'd be too good to be true. Option C is a bit of a stretch.
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Denny
2 days ago
Ha! If Incoterms eliminated all risks, they'd be too good to be true.
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Nida
6 days ago
B) No, they will only provide assurance about the quality of goods
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Herminia
19 days ago
A) No, they can reduce risks but will not eliminate them
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Carole
2 months ago
Hmm, I thought Incoterms were just about shipping terms, not quality assurance. Option B is clearly wrong.
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Ronny
25 days ago
A) No, they can reduce risks but will not eliminate them
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Kenny
26 days ago
C) Yes, they are popular because all risks are avoided
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Wilda
1 months ago
A) No, they can reduce risks but will not eliminate them
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Alaine
2 months ago
No way, Incoterms may reduce risks but they can't eliminate them all. Option A is the way to go.
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Brittni
2 months ago
Yes, I believe they are popular because they help in managing risks effectively.
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Erick
2 months ago
I agree, Incoterms can reduce risks but not eliminate them.
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Helga
3 months ago
I think the statement is not true.
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