최신 L4M3 무료덤프 - CIPS Commercial Contracting

문제1

Under hire purchase agreement, when will the ownership of asset legally belong to the purchaser?

A. When the purchaser takes possession of the asset

B. When the down payment is made

C. When the final instalment is paid

D. When the agreement is signed

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제2

Which of the following are benefits of using model form contracts? Select TWO that apply.
Liability is greatly reduced for suppliers
Suppliers can renegotiate terms more easily
They improve contract consistency
They are widely accepted in certain industries

A. 1 and 2

B. 1 and 3

C. 2 and 4

D. 3 and 4

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제3

Company A buys a lorry from Company B on hire purchase. During the contractual period, Company A makes default in paying the instalment. Company B has...?

A. The option to repossess the lorry

B. The right to take repossession of the lorry

C. Company B has to approach the court

D. No right to take repossession

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제4

Which of the following is an invitation to treat?

A. Tender bid

B. Purchase order

C. Invoice

D. Price list

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제5

Electro Systems PLC is a public sector manufacturer of highly technical solutions for the telecommunications industry. The market in which it operates is fast-paced and ever-changing because of the latest inventions and developments. The products it procures are high-cost and can be subject to lengthy lead times. Michael Jones, the procurement director, believes that establishing framework agreements would be beneficial to the tendering process. How could this assist them?

A. Improve supplier lead times

B. Improve supplier product quality

C. Enable the use of mini-competitions

D. Enable the use of e-tendering

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제6

Which of the following should be used in a contract for window cleaning during the next three months?

A. Fixed pricing arrangement

B. Variable pricing arrangement

C. Cost-plus arrangement

D. Standard schedule of rates

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제7

To expand its operation, Steel Co. decides to build a new plant. Despite of excitement, the senior management is very concerned about the complexity and risks of such project. Hugo, the procurement manager, suggests that the company can adopt a model form of contract. What is the advantage of using model form of contract?

A. The company does not need to draft the drawings as well as specification anymore

B. The company could avoid the need to draft a complex contract from blank

C. Model form of contract eliminates the need for legal advice totally

D. It shifts the balance of power in the favour of the buyer rather than the contractor

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제8

Which of the following would be suitable key performance indicators (KPIs) for supplier performance?
Ensure you have customer loyalty
Value or percentage of cost reductions obtained
Win an award in the next 12 months
Percentage of on-time in full deliveries

A. 2 and 4 only

B. 1 and 4 only

C. 2 and 3 only

D. 1 and 3 only

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제9

Which of the following is set down in statute as a liability that exists without any need to prove fault?

A. Non-current liability

B. Strict liability

C. Current liability

D. Contingent liability

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제10

Various terms are used to qualify a party's obligations under contract. Which of the following gives absolute obligation?

A. Should

B. Shall

C. Reasonable endeavours

D. Best endeavours

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

최신 L4M3 무료덤프 - CIPS Commercial Contracting

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