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examout.co

‘When the best XXX is selected, a formal YYY ZZZ is prepared and sent to the supplier. Choose the most likely words to replace XXX, YYY and ZZZ.

A.

Specification, purchase order

B.

Specification, delivery address

C.

Quotation, purchase order

D.

Quotation, order acknowledgement

A concise structured document showing all risks for a contract / unit / organisation, including details of nature of risk, risk owner, anticipated impact, possible responses, etc

A.

Risk analysis

B.

Risk register

C.

Risk profile

D.

Risk manual

Which one of the following is a trading bloc?

A.

EFTA

B.

EFTAT

C.

EFTPOS

D.

EFT

Which of the following would be unethical? Choose two.

A.

To place business with a company in which your sister works, having been instructed in writing to do so by your line manager

B.

To negotiate with suppliers

C.

To request quotations if the buyer has no intention to purchase

D.

To request quotations from several suppliers if the buyer has already decided where the contract will be awarded

What do we call a contract term which is part of the contract, but which is not written into the con-tract documents?

A.

Implied

B.

Express

C.

Hidden

D.

Vague

Which of the following are external factors in supplier decision-making? Choose two.

A.

The selling firm’s financial position

B.

Market conditions, determining demand and supply

C.

Customer perceptions of value

D.

How badly the seller needs the business

What gets measured, gets …’?

A.

Measured

B.

Procured

C.

Managed

D.

Lost