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Total 193 Questions | Updated On: Nov 18, 2024

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Question 1

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

A : Strict liability

B : Contingent liability

C : Current liability

D : Non-current liability

Answer: A

Question 2

Which of the following are reasons why a purchaser wants to embed a subcontracting clause into the main contract? Select TWO that apply:

A : To improve supply chain transparency

B : To condemn whole liabilities to subcontractors

C : To reduce the main contract complexity

D : To keep main contractor liable

E : To induce the conflicts between the main contractor and subcontractors

Answer: A,D

Question 3

Which of the following usually have no legal standing? Select TWO that apply:

A : Commission

B : Framework agreement

C : Framework arrangement

D : Estimate

E : Service level agreement

Answer: C,D

Question 4

A purchase order can become a contract between supplier and purchaser if it is...?

A : Issued by the buyer

B : Received by the supplier

C : Accepted by the supplier

D : Edited by the supplier

Answer: C

Question 5

You are to do the KPIs and targets for international supplier and the following was done
1. Delivery in an hour
2. Return orders in an hour
Is that a good thing or not?

A : Yes, the higher the targets are, the better the outcomes will be

B : No, because the KPIs are not a realistic and justified

C : Yes, because these targets will propel the suppliers to continuous improvement

D : No, the local suppliers are always the best choice

Answer: B

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Total 193 Questions | Updated On: Nov 18, 2024

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