{"id":115195,"date":"2025-11-25T07:00:18","date_gmt":"2025-11-25T07:00:18","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=115195"},"modified":"2025-11-28T06:30:02","modified_gmt":"2025-11-28T06:30:02","slug":"download-the-l4m3-dumps-v9-02-to-learn-the-practice-questions-check-the-quality-by-testing-the-l4m3-free-dumps-part-1-q1-q40","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/download-the-l4m3-dumps-v9-02-to-learn-the-practice-questions-check-the-quality-by-testing-the-l4m3-free-dumps-part-1-q1-q40.html","title":{"rendered":"Download the L4M3 Dumps (V9.02) to Learn the Practice Questions: Check the Quality by Testing the L4M3 Free Dumps (Part 1, Q1-Q40)"},"content":{"rendered":"<p>The Commercial Contracting (L4M3) is a core module to earn the CIPS Level 4 Diploma in Procurement and Supply qualification. To successfully pass the CIPS L4M3 exam on your very first attempt, you can come to DumpsBase and download the L4M3 dumps (V9.02) today. We updated these dumps and offered 233 practice questions and answers in V9.02, which are necessary to prepare for your CIPS Level 4 Commercial Contracting exam. The most updated L4M3 dumps (V9.02) are expertly curated by qualified professionals with deep knowledge and experience. Start your Commercial Contracting L4M3 exam preparation with DumpsBase. We allow you to master the concepts, structure your preparation, and polish your skills efficiently, leading you toward success.<\/p>\n<h2>If you want to check the quality of V9.02, you can test the <span style=\"background-color: #ffff99;\"><em>L4M3 free dumps (Part 1, Q1-Q40) below<\/em><\/span>:<\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam11202\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-11202\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-11202\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-440599'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>Consequences and actions that arise from certain KPI scores must be...? Select TWO that apply.<\/div><input type='hidden' name='question_id[]' id='qID_1' value='440599' \/><input type='hidden' id='answerType440599' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440599[]' id='answer-id-1704800' class='answer   answerof-440599 ' value='1704800'   \/><label for='answer-id-1704800' id='answer-label-1704800' class=' answer'><span>Mutually agreed<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440599[]' id='answer-id-1704801' class='answer   answerof-440599 ' value='1704801'   \/><label for='answer-id-1704801' id='answer-label-1704801' class=' answer'><span>Deliberately omitted<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440599[]' id='answer-id-1704802' class='answer   answerof-440599 ' value='1704802'   \/><label for='answer-id-1704802' id='answer-label-1704802' class=' answer'><span>Documented<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440599[]' id='answer-id-1704803' class='answer   answerof-440599 ' value='1704803'   \/><label for='answer-id-1704803' id='answer-label-1704803' class=' answer'><span>Unilaterally imposed by the purchaser<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440599[]' id='answer-id-1704804' class='answer   answerof-440599 ' value='1704804'   \/><label for='answer-id-1704804' id='answer-label-1704804' class=' answer'><span>Terminated<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-440600'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>A procurement manager is setting KPIs measurement for user satisfaction. He also wants to encourage users to share the reason why they feel the way they do. <br \/>\r<br>Which of the following types of KPI should the procurement manager apply?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='440600' \/><input type='hidden' id='answerType440600' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440600[]' id='answer-id-1704805' class='answer   answerof-440600 ' value='1704805'   \/><label for='answer-id-1704805' id='answer-label-1704805' class=' answer'><span>Quantitative measure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440600[]' id='answer-id-1704806' class='answer   answerof-440600 ' value='1704806'   \/><label for='answer-id-1704806' id='answer-label-1704806' class=' answer'><span>Numerical measure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440600[]' id='answer-id-1704807' class='answer   answerof-440600 ' value='1704807'   \/><label for='answer-id-1704807' id='answer-label-1704807' class=' answer'><span>Binary measure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440600[]' id='answer-id-1704808' class='answer   answerof-440600 ' value='1704808'   \/><label for='answer-id-1704808' id='answer-label-1704808' class=' answer'><span>Qualitative assessment<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-440601'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>Which of the following best defines an \u2018express\u2019 term in general contract arrangements?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='440601' \/><input type='hidden' id='answerType440601' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440601[]' id='answer-id-1704809' class='answer   answerof-440601 ' value='1704809'   \/><label for='answer-id-1704809' id='answer-label-1704809' class=' answer'><span>It is a standard set of terms and conditions published by CIPS<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440601[]' id='answer-id-1704810' class='answer   answerof-440601 ' value='1704810'   \/><label for='answer-id-1704810' id='answer-label-1704810' class=' answer'><span>It is not necessarily discussed by the parties, but nonetheless forms part of the contract<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440601[]' id='answer-id-1704811' class='answer   answerof-440601 ' value='1704811'   \/><label for='answer-id-1704811' id='answer-label-1704811' class=' answer'><span>It is the term that is added to the contract by the law or based upon the facts of the case.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440601[]' id='answer-id-1704812' class='answer   answerof-440601 ' value='1704812'   \/><label for='answer-id-1704812' id='answer-label-1704812' class=' answer'><span>It is clearly agreed between the parties, and is virtually always written down in the contract<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-440602'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>Which of the following is the best definition of consideration in contract law?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='440602' \/><input type='hidden' id='answerType440602' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440602[]' id='answer-id-1704813' class='answer   answerof-440602 ' value='1704813'   \/><label for='answer-id-1704813' id='answer-label-1704813' class=' answer'><span>Full statement about something to provide<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440602[]' id='answer-id-1704814' class='answer   answerof-440602 ' value='1704814'   \/><label for='answer-id-1704814' id='answer-label-1704814' class=' answer'><span>The act of thinking carefully about one thing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440602[]' id='answer-id-1704815' class='answer   answerof-440602 ' value='1704815'   \/><label for='answer-id-1704815' id='answer-label-1704815' class=' answer'><span>One thing given in exchange<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440602[]' id='answer-id-1704816' class='answer   answerof-440602 ' value='1704816'   \/><label for='answer-id-1704816' id='answer-label-1704816' class=' answer'><span>Formal discussion between people who are trying to reach an agreement<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-440603'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>Express terms in a contract are stated in which of the following? Select TWO that apply<\/div><input type='hidden' name='question_id[]' id='qID_5' value='440603' \/><input type='hidden' id='answerType440603' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440603[]' id='answer-id-1704817' class='answer   answerof-440603 ' value='1704817'   \/><label for='answer-id-1704817' id='answer-label-1704817' class=' answer'><span>Orality<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440603[]' id='answer-id-1704818' class='answer   answerof-440603 ' value='1704818'   \/><label for='answer-id-1704818' id='answer-label-1704818' class=' answer'><span>Idea<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440603[]' id='answer-id-1704819' class='answer   answerof-440603 ' value='1704819'   \/><label for='answer-id-1704819' id='answer-label-1704819' class=' answer'><span>Trade customs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440603[]' id='answer-id-1704820' class='answer   answerof-440603 ' value='1704820'   \/><label for='answer-id-1704820' id='answer-label-1704820' class=' answer'><span>Writing form<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440603[]' id='answer-id-1704821' class='answer   answerof-440603 ' value='1704821'   \/><label for='answer-id-1704821' id='answer-label-1704821' class=' answer'><span>Statutes<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-440604'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>In order to monitor supplier\u2019s performance, an organization decides to draft performance management frameworks. <br \/>\r<br>Which of the following are the components of a performance management framework? Select THREE that apply:<\/div><input type='hidden' name='question_id[]' id='qID_6' value='440604' \/><input type='hidden' id='answerType440604' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440604[]' id='answer-id-1704822' class='answer   answerof-440604 ' value='1704822'   \/><label for='answer-id-1704822' id='answer-label-1704822' class=' answer'><span>Targets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440604[]' id='answer-id-1704823' class='answer   answerof-440604 ' value='1704823'   \/><label for='answer-id-1704823' id='answer-label-1704823' class=' answer'><span>KPIs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440604[]' id='answer-id-1704824' class='answer   answerof-440604 ' value='1704824'   \/><label for='answer-id-1704824' id='answer-label-1704824' class=' answer'><span>Consequences<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440604[]' id='answer-id-1704825' class='answer   answerof-440604 ' value='1704825'   \/><label for='answer-id-1704825' id='answer-label-1704825' class=' answer'><span>Indemnity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440604[]' id='answer-id-1704826' class='answer   answerof-440604 ' value='1704826'   \/><label for='answer-id-1704826' id='answer-label-1704826' class=' answer'><span>Force majeure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440604[]' id='answer-id-1704827' class='answer   answerof-440604 ' value='1704827'   \/><label for='answer-id-1704827' id='answer-label-1704827' class=' answer'><span>Justification<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-440605'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>Under a price adjustment agreement, which of the following would be supplier's justification for increasing unit price?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='440605' \/><input type='hidden' id='answerType440605' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440605[]' id='answer-id-1704828' class='answer   answerof-440605 ' value='1704828'   \/><label for='answer-id-1704828' id='answer-label-1704828' class=' answer'><span>Rise in fuel price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440605[]' id='answer-id-1704829' class='answer   answerof-440605 ' value='1704829'   \/><label for='answer-id-1704829' id='answer-label-1704829' class=' answer'><span>Rise in economies of scale<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440605[]' id='answer-id-1704830' class='answer   answerof-440605 ' value='1704830'   \/><label for='answer-id-1704830' id='answer-label-1704830' class=' answer'><span>Rise in shares price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440605[]' id='answer-id-1704831' class='answer   answerof-440605 ' value='1704831'   \/><label for='answer-id-1704831' id='answer-label-1704831' class=' answer'><span>Rise in customer's satisfaction<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-440606'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>A supermarket purchases a new batch of house cleaner from new supplier. The supermarket is concerned about possible damage that the house cleaner may cause to consumers' floor. <br \/>\r<br>What type of insurance must they cover?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='440606' \/><input type='hidden' id='answerType440606' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440606[]' id='answer-id-1704832' class='answer   answerof-440606 ' value='1704832'   \/><label for='answer-id-1704832' id='answer-label-1704832' class=' answer'><span>Fire and explosion insurance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440606[]' id='answer-id-1704833' class='answer   answerof-440606 ' value='1704833'   \/><label for='answer-id-1704833' id='answer-label-1704833' class=' answer'><span>Product liability insurance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440606[]' id='answer-id-1704834' class='answer   answerof-440606 ' value='1704834'   \/><label for='answer-id-1704834' id='answer-label-1704834' class=' answer'><span>Professional indemnity insurance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440606[]' id='answer-id-1704835' class='answer   answerof-440606 ' value='1704835'   \/><label for='answer-id-1704835' id='answer-label-1704835' class=' answer'><span>Public liability insurance<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-440607'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>Which of the following are among five 'pillars' of information assurance? <br \/>\r<br>1. Recovery plan <br \/>\r<br>2. Availability <br \/>\r<br>3. Non-repudiation <br \/>\r<br>4. Governance<\/div><input type='hidden' name='question_id[]' id='qID_9' value='440607' \/><input type='hidden' id='answerType440607' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440607[]' id='answer-id-1704836' class='answer   answerof-440607 ' value='1704836'   \/><label for='answer-id-1704836' id='answer-label-1704836' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440607[]' id='answer-id-1704837' class='answer   answerof-440607 ' value='1704837'   \/><label for='answer-id-1704837' id='answer-label-1704837' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440607[]' id='answer-id-1704838' class='answer   answerof-440607 ' value='1704838'   \/><label for='answer-id-1704838' id='answer-label-1704838' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440607[]' id='answer-id-1704839' class='answer   answerof-440607 ' value='1704839'   \/><label for='answer-id-1704839' id='answer-label-1704839' class=' answer'><span>3 and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-440608'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>Infra Constructions receive a contract for construction of a building, and following terms were agreed upon. &quot;The entire cost of the project will be reimbursed to Infra Constructions (estimated cost of the project being $ 25 million). The profits will be 20% of the entire cost of a project subject to a max of $ 5 million.&quot; <br \/>\r<br>This arrangement is an example of...?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='440608' \/><input type='hidden' id='answerType440608' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440608[]' id='answer-id-1704840' class='answer   answerof-440608 ' value='1704840'   \/><label for='answer-id-1704840' id='answer-label-1704840' class=' answer'><span>Incentive pricing arrangement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440608[]' id='answer-id-1704841' class='answer   answerof-440608 ' value='1704841'   \/><label for='answer-id-1704841' id='answer-label-1704841' class=' answer'><span>Gain-share\/pain-share arrangment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440608[]' id='answer-id-1704842' class='answer   answerof-440608 ' value='1704842'   \/><label for='answer-id-1704842' id='answer-label-1704842' class=' answer'><span>Cost-plus pricing arrangement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440608[]' id='answer-id-1704843' class='answer   answerof-440608 ' value='1704843'   \/><label for='answer-id-1704843' id='answer-label-1704843' class=' answer'><span>Fixed-pricing arrangement<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-440609'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>Which of the following is the procedure that makes no further competition under a framework agreement?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='440609' \/><input type='hidden' id='answerType440609' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440609[]' id='answer-id-1704844' class='answer   answerof-440609 ' value='1704844'   \/><label for='answer-id-1704844' id='answer-label-1704844' class=' answer'><span>Closed system<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440609[]' id='answer-id-1704845' class='answer   answerof-440609 ' value='1704845'   \/><label for='answer-id-1704845' id='answer-label-1704845' class=' answer'><span>Direct call-off<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440609[]' id='answer-id-1704846' class='answer   answerof-440609 ' value='1704846'   \/><label for='answer-id-1704846' id='answer-label-1704846' class=' answer'><span>Standing offer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440609[]' id='answer-id-1704847' class='answer   answerof-440609 ' value='1704847'   \/><label for='answer-id-1704847' id='answer-label-1704847' class=' answer'><span>Blanket order<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-440610'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>Which of the following are NOT covered by CISG? Select TWO that apply:<\/div><input type='hidden' name='question_id[]' id='qID_12' value='440610' \/><input type='hidden' id='answerType440610' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440610[]' id='answer-id-1704848' class='answer   answerof-440610 ' value='1704848'   \/><label for='answer-id-1704848' id='answer-label-1704848' class=' answer'><span>Transfer of risks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440610[]' id='answer-id-1704849' class='answer   answerof-440610 ' value='1704849'   \/><label for='answer-id-1704849' id='answer-label-1704849' class=' answer'><span>Contract validity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440610[]' id='answer-id-1704850' class='answer   answerof-440610 ' value='1704850'   \/><label for='answer-id-1704850' id='answer-label-1704850' class=' answer'><span>Remedies for breach of contracts<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440610[]' id='answer-id-1704851' class='answer   answerof-440610 ' value='1704851'   \/><label for='answer-id-1704851' id='answer-label-1704851' class=' answer'><span>Liability of the seller for death or personal injury<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440610[]' id='answer-id-1704852' class='answer   answerof-440610 ' value='1704852'   \/><label for='answer-id-1704852' id='answer-label-1704852' class=' answer'><span>Liability to pay damages<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-440611'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>Which of the following is the type of insurance that cover the liabilities of service provider such as legal advice, accountancy, technical designs, etc?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='440611' \/><input type='hidden' id='answerType440611' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440611[]' id='answer-id-1704853' class='answer   answerof-440611 ' value='1704853'   \/><label for='answer-id-1704853' id='answer-label-1704853' class=' answer'><span>PII<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440611[]' id='answer-id-1704854' class='answer   answerof-440611 ' value='1704854'   \/><label for='answer-id-1704854' id='answer-label-1704854' class=' answer'><span>Product liability<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440611[]' id='answer-id-1704855' class='answer   answerof-440611 ' value='1704855'   \/><label for='answer-id-1704855' id='answer-label-1704855' class=' answer'><span>Employer\u2019s liability<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440611[]' id='answer-id-1704856' class='answer   answerof-440611 ' value='1704856'   \/><label for='answer-id-1704856' id='answer-label-1704856' class=' answer'><span>Public liability<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-440612'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>Danielle buys a car from Aaron. Not long after, she receives an proposal from Brian, who is interested in buying the car but his budget is very constraint. Then, Brian decides to sign a hire purchase agreement with Danielle which lasts 4 years. Brian lives very far from Danielle, so hehires Charlie to deliver the car to his place. During the transport, Charlie has an accident and the car is written off. <br \/>\r<br>At the time of accident, who has the title of the car?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='440612' \/><input type='hidden' id='answerType440612' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440612[]' id='answer-id-1704857' class='answer   answerof-440612 ' value='1704857'   \/><label for='answer-id-1704857' id='answer-label-1704857' class=' answer'><span>Charlie<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440612[]' id='answer-id-1704858' class='answer   answerof-440612 ' value='1704858'   \/><label for='answer-id-1704858' id='answer-label-1704858' class=' answer'><span>Aaron<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440612[]' id='answer-id-1704859' class='answer   answerof-440612 ' value='1704859'   \/><label for='answer-id-1704859' id='answer-label-1704859' class=' answer'><span>Brian<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440612[]' id='answer-id-1704860' class='answer   answerof-440612 ' value='1704860'   \/><label for='answer-id-1704860' id='answer-label-1704860' class=' answer'><span>Danielle<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-440613'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>Which of the following is the reason why liquidated damage clauses are embedded into a contract?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='440613' \/><input type='hidden' id='answerType440613' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440613[]' id='answer-id-1704861' class='answer   answerof-440613 ' value='1704861'   \/><label for='answer-id-1704861' id='answer-label-1704861' class=' answer'><span>Because liquidated damages are the only remedy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440613[]' id='answer-id-1704862' class='answer   answerof-440613 ' value='1704862'   \/><label for='answer-id-1704862' id='answer-label-1704862' class=' answer'><span>To penalise the supplier for their wrongdoing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440613[]' id='answer-id-1704863' class='answer   answerof-440613 ' value='1704863'   \/><label for='answer-id-1704863' id='answer-label-1704863' class=' answer'><span>To avoid argument on correct measure of damage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440613[]' id='answer-id-1704864' class='answer   answerof-440613 ' value='1704864'   \/><label for='answer-id-1704864' id='answer-label-1704864' class=' answer'><span>Because compensation will be awarded immediately<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-440614'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Which of the following statement is true about insurance?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='440614' \/><input type='hidden' id='answerType440614' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440614[]' id='answer-id-1704865' class='answer   answerof-440614 ' value='1704865'   \/><label for='answer-id-1704865' id='answer-label-1704865' class=' answer'><span>An insurance policy can be mechanism of substance to back up indemnity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440614[]' id='answer-id-1704866' class='answer   answerof-440614 ' value='1704866'   \/><label for='answer-id-1704866' id='answer-label-1704866' class=' answer'><span>The supplier must always pay the insurance premium for goods-in-transit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440614[]' id='answer-id-1704867' class='answer   answerof-440614 ' value='1704867'   \/><label for='answer-id-1704867' id='answer-label-1704867' class=' answer'><span>An insurance policy transfers the legal liabilities from the insured to the insurer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440614[]' id='answer-id-1704868' class='answer   answerof-440614 ' value='1704868'   \/><label for='answer-id-1704868' id='answer-label-1704868' class=' answer'><span>Professional indemnity insurance provides the insured business with financial protection against the liabilities caused by or arising out of the products supplied<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-440615'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>Which of the following should be used in a contract for window cleaning during the next three months?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='440615' \/><input type='hidden' id='answerType440615' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440615[]' id='answer-id-1704869' class='answer   answerof-440615 ' value='1704869'   \/><label for='answer-id-1704869' id='answer-label-1704869' class=' answer'><span>Variable pricing arrangement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440615[]' id='answer-id-1704870' class='answer   answerof-440615 ' value='1704870'   \/><label for='answer-id-1704870' id='answer-label-1704870' class=' answer'><span>Fixed pricing arrangement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440615[]' id='answer-id-1704871' class='answer   answerof-440615 ' value='1704871'   \/><label for='answer-id-1704871' id='answer-label-1704871' class=' answer'><span>Standard schedule of rates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440615[]' id='answer-id-1704872' class='answer   answerof-440615 ' value='1704872'   \/><label for='answer-id-1704872' id='answer-label-1704872' class=' answer'><span>Cost-plus arrangement<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-440616'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>Which of the following KPIs is qualitative? <br \/>\r<br>1. Openness and co-operation of supplier <br \/>\r<br>2. Responsiveness of supplier <br \/>\r<br>3. Customer satisfactory ratings <br \/>\r<br>4. Cost management <br \/>\r<br>5. OTIF deliveries<\/div><input type='hidden' name='question_id[]' id='qID_18' value='440616' \/><input type='hidden' id='answerType440616' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440616[]' id='answer-id-1704873' class='answer   answerof-440616 ' value='1704873'   \/><label for='answer-id-1704873' id='answer-label-1704873' class=' answer'><span>2 and 5 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440616[]' id='answer-id-1704874' class='answer   answerof-440616 ' value='1704874'   \/><label for='answer-id-1704874' id='answer-label-1704874' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440616[]' id='answer-id-1704875' class='answer   answerof-440616 ' value='1704875'   \/><label for='answer-id-1704875' id='answer-label-1704875' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440616[]' id='answer-id-1704876' class='answer   answerof-440616 ' value='1704876'   \/><label for='answer-id-1704876' id='answer-label-1704876' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-440617'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>XYZ Ltd and Engineer Corp signed a long-term supply contract in which both parties had agreed on <br \/>\r<br>performance targets. Recently, due to increased customer demands, XYZ Ltd realises that they should make changes to the contract with Engineer Corp with regards to performance management. These changes are approved and signed by both the buyer and seller. <br \/>\r<br>The changes to the contract are known as...?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='440617' \/><input type='hidden' id='answerType440617' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440617[]' id='answer-id-1704877' class='answer   answerof-440617 ' value='1704877'   \/><label for='answer-id-1704877' id='answer-label-1704877' class=' answer'><span>An amendment to the prime contract<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440617[]' id='answer-id-1704878' class='answer   answerof-440617 ' value='1704878'   \/><label for='answer-id-1704878' id='answer-label-1704878' class=' answer'><span>A stand-alone subcontract to the prime contract<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440617[]' id='answer-id-1704879' class='answer   answerof-440617 ' value='1704879'   \/><label for='answer-id-1704879' id='answer-label-1704879' class=' answer'><span>An appendix to the prime contract<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440617[]' id='answer-id-1704880' class='answer   answerof-440617 ' value='1704880'   \/><label for='answer-id-1704880' id='answer-label-1704880' class=' answer'><span>A separate counter-offer to the supplier<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-440618'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>Cleveland Insurance (Cleveland) offers a range of insurance services. The main software used in the call centre is a customer relationship management (CRM) system. Cleveland perceived an urgent need to replace the existing CRM system to deal with the increasing number of customers and services. <br \/>\r<br>Urgent Digital Ltd (Digital) is one of the bidders of Cleveland\u2019s ITT for designing, building and managing the new CRM system. Its bid team is led by Hank Irvine, its technical director. Hank realises that winning the Cleveland contract (valued at approximately &pound;50M) will enhance his career. During discussions with Cleveland, Hank offers certain assurances regarding timescales for the project. He has not carried out any investigations into the viability of the timescales. Hank has little idea whether the timescales can be met. <br \/>\r<br>Cleveland decides that Digital\u2019s bid meets with its requirements, especially given the assurances in timescale offered by Hank, and decides to proceed with it, subject to a formal contract. Eventually, a formal contract is signed by both parties. The initial assurances given by Hank about the timing of the project are never going to be achieved and are at best grossly exaggerated. <br \/>\r<br>Cleveland brought the case to the court and sought rescission of contract with Digital. <br \/>\r<br>Is Cleveland\u2019s claim appropriate in this case?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='440618' \/><input type='hidden' id='answerType440618' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440618[]' id='answer-id-1704881' class='answer   answerof-440618 ' value='1704881'   \/><label for='answer-id-1704881' id='answer-label-1704881' class=' answer'><span>Yes, because Cleveland needs to seek rescission first before claiming for damages<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440618[]' id='answer-id-1704882' class='answer   answerof-440618 ' value='1704882'   \/><label for='answer-id-1704882' id='answer-label-1704882' class=' answer'><span>Yes, because both parties agreed with rescission of their contract<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440618[]' id='answer-id-1704883' class='answer   answerof-440618 ' value='1704883'   \/><label for='answer-id-1704883' id='answer-label-1704883' class=' answer'><span>No, because the work had been carried out which could not be returned<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440618[]' id='answer-id-1704884' class='answer   answerof-440618 ' value='1704884'   \/><label for='answer-id-1704884' id='answer-label-1704884' class=' answer'><span>No, because the contract does not include any provision on rescission<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-440619'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>What is the purpose of using key performance indicators in procurement and supply?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='440619' \/><input type='hidden' id='answerType440619' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440619[]' id='answer-id-1704885' class='answer   answerof-440619 ' value='1704885'   \/><label for='answer-id-1704885' id='answer-label-1704885' class=' answer'><span>To validate the supplier's bid or tender<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440619[]' id='answer-id-1704886' class='answer   answerof-440619 ' value='1704886'   \/><label for='answer-id-1704886' id='answer-label-1704886' class=' answer'><span>To monitor supplier's performance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440619[]' id='answer-id-1704887' class='answer   answerof-440619 ' value='1704887'   \/><label for='answer-id-1704887' id='answer-label-1704887' class=' answer'><span>To ease the termination process<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440619[]' id='answer-id-1704888' class='answer   answerof-440619 ' value='1704888'   \/><label for='answer-id-1704888' id='answer-label-1704888' class=' answer'><span>To qualify which supplier is suitable<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-440620'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>Company A based in Canada signed a commercial contract with Company B in Egypt. Both countries are Contracting States to Vienna Convention on Contracts for the International Sale of Goods. The contract states that &quot;The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of Canada&quot;. <br \/>\r<br>Which of the following set of rules will be applied if dispute between contracting parties occurs?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='440620' \/><input type='hidden' id='answerType440620' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440620[]' id='answer-id-1704889' class='answer   answerof-440620 ' value='1704889'   \/><label for='answer-id-1704889' id='answer-label-1704889' class=' answer'><span>CISG<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440620[]' id='answer-id-1704890' class='answer   answerof-440620 ' value='1704890'   \/><label for='answer-id-1704890' id='answer-label-1704890' class=' answer'><span>Canada\u2019s legal system<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440620[]' id='answer-id-1704891' class='answer   answerof-440620 ' value='1704891'   \/><label for='answer-id-1704891' id='answer-label-1704891' class=' answer'><span>WTO rules<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440620[]' id='answer-id-1704892' class='answer   answerof-440620 ' value='1704892'   \/><label for='answer-id-1704892' id='answer-label-1704892' class=' answer'><span>Egypt\u2019s legal system<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-440621'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>When a contract has been agreed on the basis of a fraudulent misrepresentation, which of the following remedies are available?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='440621' \/><input type='hidden' id='answerType440621' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440621[]' id='answer-id-1704893' class='answer   answerof-440621 ' value='1704893'   \/><label for='answer-id-1704893' id='answer-label-1704893' class=' answer'><span>Damages only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440621[]' id='answer-id-1704894' class='answer   answerof-440621 ' value='1704894'   \/><label for='answer-id-1704894' id='answer-label-1704894' class=' answer'><span>Rescission only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440621[]' id='answer-id-1704895' class='answer   answerof-440621 ' value='1704895'   \/><label for='answer-id-1704895' id='answer-label-1704895' class=' answer'><span>An injunction only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440621[]' id='answer-id-1704896' class='answer   answerof-440621 ' value='1704896'   \/><label for='answer-id-1704896' id='answer-label-1704896' class=' answer'><span>Both damages and rescission<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-440622'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>A construction company is undertaking a housing development project. They need lots of bricks and other building materials, but the construction site doesn't have large area for storage of materials. Therefore, the company's suppliers must deliver the building materials with fixed quantity and at fixed time intervals. <br \/>\r<br>What type of contract is used between the construction company and its suppliers?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='440622' \/><input type='hidden' id='answerType440622' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440622[]' id='answer-id-1704897' class='answer   answerof-440622 ' value='1704897'   \/><label for='answer-id-1704897' id='answer-label-1704897' class=' answer'><span>Framework agreement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440622[]' id='answer-id-1704898' class='answer   answerof-440622 ' value='1704898'   \/><label for='answer-id-1704898' id='answer-label-1704898' class=' answer'><span>Spot transaction<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440622[]' id='answer-id-1704899' class='answer   answerof-440622 ' value='1704899'   \/><label for='answer-id-1704899' id='answer-label-1704899' class=' answer'><span>One off contract<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440622[]' id='answer-id-1704900' class='answer   answerof-440622 ' value='1704900'   \/><label for='answer-id-1704900' id='answer-label-1704900' class=' answer'><span>Call off contract<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-440623'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>Which of the following are driving forces for increasing use of social and environmental criteria in specifications? Select TWO that apply.,<\/div><input type='hidden' name='question_id[]' id='qID_25' value='440623' \/><input type='hidden' id='answerType440623' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440623[]' id='answer-id-1704901' class='answer   answerof-440623 ' value='1704901'   \/><label for='answer-id-1704901' id='answer-label-1704901' class=' answer'><span>Process efficiencies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440623[]' id='answer-id-1704902' class='answer   answerof-440623 ' value='1704902'   \/><label for='answer-id-1704902' id='answer-label-1704902' class=' answer'><span>Stakeholder pressure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440623[]' id='answer-id-1704903' class='answer   answerof-440623 ' value='1704903'   \/><label for='answer-id-1704903' id='answer-label-1704903' class=' answer'><span>Insufficient financial resources<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440623[]' id='answer-id-1704904' class='answer   answerof-440623 ' value='1704904'   \/><label for='answer-id-1704904' id='answer-label-1704904' class=' answer'><span>Scarcity of environmentally sustainable suppliers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440623[]' id='answer-id-1704905' class='answer   answerof-440623 ' value='1704905'   \/><label for='answer-id-1704905' id='answer-label-1704905' class=' answer'><span>Carbon footprint measure<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-440624'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>A service contract is going to be expired, which data source is good to create specifications for ITT? <br \/>\r<br>1. Incumbent supplier <br \/>\r<br>2. Maintenance services <br \/>\r<br>3. Alternative supplier <br \/>\r<br>4. User's knowledge<\/div><input type='hidden' name='question_id[]' id='qID_26' value='440624' \/><input type='hidden' id='answerType440624' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440624[]' id='answer-id-1704906' class='answer   answerof-440624 ' value='1704906'   \/><label for='answer-id-1704906' id='answer-label-1704906' class=' answer'><span>1, 2 and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440624[]' id='answer-id-1704907' class='answer   answerof-440624 ' value='1704907'   \/><label for='answer-id-1704907' id='answer-label-1704907' class=' answer'><span>1, 3 and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440624[]' id='answer-id-1704908' class='answer   answerof-440624 ' value='1704908'   \/><label for='answer-id-1704908' id='answer-label-1704908' class=' answer'><span>1, 2 and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440624[]' id='answer-id-1704909' class='answer   answerof-440624 ' value='1704909'   \/><label for='answer-id-1704909' id='answer-label-1704909' class=' answer'><span>2, 3 and 4<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-440625'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>Standard terms and conditions should become the governing terms for which group of items?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='440625' \/><input type='hidden' id='answerType440625' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440625[]' id='answer-id-1704910' class='answer   answerof-440625 ' value='1704910'   \/><label for='answer-id-1704910' id='answer-label-1704910' class=' answer'><span>Leverage items<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440625[]' id='answer-id-1704911' class='answer   answerof-440625 ' value='1704911'   \/><label for='answer-id-1704911' id='answer-label-1704911' class=' answer'><span>Bottleneck items<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440625[]' id='answer-id-1704912' class='answer   answerof-440625 ' value='1704912'   \/><label for='answer-id-1704912' id='answer-label-1704912' class=' answer'><span>Strategic items<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440625[]' id='answer-id-1704913' class='answer   answerof-440625 ' value='1704913'   \/><label for='answer-id-1704913' id='answer-label-1704913' class=' answer'><span>Routine items<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-440626'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>Which of the following is the best definition of \u201cultra vires\u201d?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='440626' \/><input type='hidden' id='answerType440626' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440626[]' id='answer-id-1704914' class='answer   answerof-440626 ' value='1704914'   \/><label for='answer-id-1704914' id='answer-label-1704914' class=' answer'><span>Beyond powers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440626[]' id='answer-id-1704915' class='answer   answerof-440626 ' value='1704915'   \/><label for='answer-id-1704915' id='answer-label-1704915' class=' answer'><span>In good faith<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440626[]' id='answer-id-1704916' class='answer   answerof-440626 ' value='1704916'   \/><label for='answer-id-1704916' id='answer-label-1704916' class=' answer'><span>From one party<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440626[]' id='answer-id-1704917' class='answer   answerof-440626 ' value='1704917'   \/><label for='answer-id-1704917' id='answer-label-1704917' class=' answer'><span>Let the buyer beware<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-440627'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>Which of the following are always considered as minimum preconditions for a contract? Select TWO that apply:<\/div><input type='hidden' name='question_id[]' id='qID_29' value='440627' \/><input type='hidden' id='answerType440627' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440627[]' id='answer-id-1704918' class='answer   answerof-440627 ' value='1704918'   \/><label for='answer-id-1704918' id='answer-label-1704918' class=' answer'><span>Specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440627[]' id='answer-id-1704919' class='answer   answerof-440627 ' value='1704919'   \/><label for='answer-id-1704919' id='answer-label-1704919' class=' answer'><span>Promise<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440627[]' id='answer-id-1704920' class='answer   answerof-440627 ' value='1704920'   \/><label for='answer-id-1704920' id='answer-label-1704920' class=' answer'><span>Omission<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440627[]' id='answer-id-1704921' class='answer   answerof-440627 ' value='1704921'   \/><label for='answer-id-1704921' id='answer-label-1704921' class=' answer'><span>Consideration<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440627[]' id='answer-id-1704922' class='answer   answerof-440627 ' value='1704922'   \/><label for='answer-id-1704922' id='answer-label-1704922' class=' answer'><span>Intention to be bound<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-440628'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>A buyer and a supplier plan to sign a contract with cost-plus arrangement. If the cost base is $350 and the markup component is 11% then the invoice price will be...<\/div><input type='hidden' name='question_id[]' id='qID_30' value='440628' \/><input type='hidden' id='answerType440628' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440628[]' id='answer-id-1704923' class='answer   answerof-440628 ' value='1704923'   \/><label for='answer-id-1704923' id='answer-label-1704923' class=' answer'><span>393.26<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440628[]' id='answer-id-1704924' class='answer   answerof-440628 ' value='1704924'   \/><label for='answer-id-1704924' id='answer-label-1704924' class=' answer'><span>388.5<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440628[]' id='answer-id-1704925' class='answer   answerof-440628 ' value='1704925'   \/><label for='answer-id-1704925' id='answer-label-1704925' class=' answer'><span>368.5<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440628[]' id='answer-id-1704926' class='answer   answerof-440628 ' value='1704926'   \/><label for='answer-id-1704926' id='answer-label-1704926' class=' answer'><span>362<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-440629'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>Which of the following are most likely to be liabilities of suppliers under a guarantee clause? (Select Any Two)<\/div><input type='hidden' name='question_id[]' id='qID_31' value='440629' \/><input type='hidden' id='answerType440629' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440629[]' id='answer-id-1704927' class='answer   answerof-440629 ' value='1704927'   \/><label for='answer-id-1704927' id='answer-label-1704927' class=' answer'><span>TWO that apply<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440629[]' id='answer-id-1704928' class='answer   answerof-440629 ' value='1704928'   \/><label for='answer-id-1704928' id='answer-label-1704928' class=' answer'><span>Repair<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440629[]' id='answer-id-1704929' class='answer   answerof-440629 ' value='1704929'   \/><label for='answer-id-1704929' id='answer-label-1704929' class=' answer'><span>Decommissioning<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440629[]' id='answer-id-1704930' class='answer   answerof-440629 ' value='1704930'   \/><label for='answer-id-1704930' id='answer-label-1704930' class=' answer'><span>Upgrading<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440629[]' id='answer-id-1704931' class='answer   answerof-440629 ' value='1704931'   \/><label for='answer-id-1704931' id='answer-label-1704931' class=' answer'><span>Replacement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440629[]' id='answer-id-1704932' class='answer   answerof-440629 ' value='1704932'   \/><label for='answer-id-1704932' id='answer-label-1704932' class=' answer'><span>Installation<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-440630'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>Which of the following will be always automatically deemed as a consideration?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='440630' \/><input type='hidden' id='answerType440630' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440630[]' id='answer-id-1704933' class='answer   answerof-440630 ' value='1704933'   \/><label for='answer-id-1704933' id='answer-label-1704933' class=' answer'><span>Promise to perform over and above an existing obligation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440630[]' id='answer-id-1704934' class='answer   answerof-440630 ' value='1704934'   \/><label for='answer-id-1704934' id='answer-label-1704934' class=' answer'><span>Promise given to a third party<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440630[]' id='answer-id-1704935' class='answer   answerof-440630 ' value='1704935'   \/><label for='answer-id-1704935' id='answer-label-1704935' class=' answer'><span>Implied consideration<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440630[]' id='answer-id-1704936' class='answer   answerof-440630 ' value='1704936'   \/><label for='answer-id-1704936' id='answer-label-1704936' class=' answer'><span>Past consideration<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-440631'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>Which of the following is likely to reduce risks of different rules regarding when offers and acceptance become effective between legal systems?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='440631' \/><input type='hidden' id='answerType440631' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440631[]' id='answer-id-1704937' class='answer   answerof-440631 ' value='1704937'   \/><label for='answer-id-1704937' id='answer-label-1704937' class=' answer'><span>Withdrawal protocol<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440631[]' id='answer-id-1704938' class='answer   answerof-440631 ' value='1704938'   \/><label for='answer-id-1704938' id='answer-label-1704938' class=' answer'><span>Letter of intent<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440631[]' id='answer-id-1704939' class='answer   answerof-440631 ' value='1704939'   \/><label for='answer-id-1704939' id='answer-label-1704939' class=' answer'><span>Time lapse<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440631[]' id='answer-id-1704940' class='answer   answerof-440631 ' value='1704940'   \/><label for='answer-id-1704940' id='answer-label-1704940' class=' answer'><span>Deemed receipt protocol<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-440632'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>CMS Corp goes into a gainshare agreement with the contractor, EIP Ltd. Both parties agree that the final fee will be calculated on target cost - target fee basis. <br \/>\r<br>Which of the following will affect the final fee payable in this gainshare agreement? Select TWO that apply:<\/div><input type='hidden' name='question_id[]' id='qID_34' value='440632' \/><input type='hidden' id='answerType440632' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440632[]' id='answer-id-1704941' class='answer   answerof-440632 ' value='1704941'   \/><label for='answer-id-1704941' id='answer-label-1704941' class=' answer'><span>Accrual expense<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440632[]' id='answer-id-1704942' class='answer   answerof-440632 ' value='1704942'   \/><label for='answer-id-1704942' id='answer-label-1704942' class=' answer'><span>Final price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440632[]' id='answer-id-1704943' class='answer   answerof-440632 ' value='1704943'   \/><label for='answer-id-1704943' id='answer-label-1704943' class=' answer'><span>Purchaser goodwill<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440632[]' id='answer-id-1704944' class='answer   answerof-440632 ' value='1704944'   \/><label for='answer-id-1704944' id='answer-label-1704944' class=' answer'><span>Supplier share<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-440632[]' id='answer-id-1704945' class='answer   answerof-440632 ' value='1704945'   \/><label for='answer-id-1704945' id='answer-label-1704945' class=' answer'><span>Actual cost<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-440633'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>XYZ Ltd is negotiating a long-term supply contract of important parts with a supplier. Dave, procurement manager teams up with Alla, legal manager to construct a service level agreement. Dave is concerned that poor performance of supplier may cause damages to the operations of the organisation. <br \/>\r<br>Which of the following can be used in conjunction with SLA to compensate the buying organisation in case of supplier's poor performance? <br \/>\r<br>1. Warranties <br \/>\r<br>2. Force majeure clauses <br \/>\r<br>3. Penalty clauses <br \/>\r<br>4. Service credits<\/div><input type='hidden' name='question_id[]' id='qID_35' value='440633' \/><input type='hidden' id='answerType440633' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440633[]' id='answer-id-1704946' class='answer   answerof-440633 ' value='1704946'   \/><label for='answer-id-1704946' id='answer-label-1704946' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440633[]' id='answer-id-1704947' class='answer   answerof-440633 ' value='1704947'   \/><label for='answer-id-1704947' id='answer-label-1704947' class=' answer'><span>3 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440633[]' id='answer-id-1704948' class='answer   answerof-440633 ' value='1704948'   \/><label for='answer-id-1704948' id='answer-label-1704948' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440633[]' id='answer-id-1704949' class='answer   answerof-440633 ' value='1704949'   \/><label for='answer-id-1704949' id='answer-label-1704949' class=' answer'><span>4 and 2 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-440634'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>Bethy sees a coat on shop window with a $100 price tag. She comes and asks the shop owner to buy it. The owner states that the price has not been updated and the current price for the coat is $120. Bethy says the owner should honour the quoted price on window shop. <br \/>\r<br>Is Bethy correct?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='440634' \/><input type='hidden' id='answerType440634' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440634[]' id='answer-id-1704950' class='answer   answerof-440634 ' value='1704950'   \/><label for='answer-id-1704950' id='answer-label-1704950' class=' answer'><span>Yes, the owner has made an offer by showing his product on the shop window and he must honour that offer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440634[]' id='answer-id-1704951' class='answer   answerof-440634 ' value='1704951'   \/><label for='answer-id-1704951' id='answer-label-1704951' class=' answer'><span>Yes, $120 for a coat is extremely unreasonable and the owner's later offer therefore void<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440634[]' id='answer-id-1704952' class='answer   answerof-440634 ' value='1704952'   \/><label for='answer-id-1704952' id='answer-label-1704952' class=' answer'><span>No, the display on shop window is just an invitation to treat and the owner may change the price at his will<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440634[]' id='answer-id-1704953' class='answer   answerof-440634 ' value='1704953'   \/><label for='answer-id-1704953' id='answer-label-1704953' class=' answer'><span>No, the owner is revoking his initial offer to sell at $100 and he is proposing new offer to Bethy<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-440635'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>Which of the following will be included in a conformance specification? <br \/>\r<br>1. Brand names <br \/>\r<br>2. Description of the operating environments <br \/>\r<br>3. Chemical formulae <br \/>\r<br>4. Required safety level<\/div><input type='hidden' name='question_id[]' id='qID_37' value='440635' \/><input type='hidden' id='answerType440635' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440635[]' id='answer-id-1704954' class='answer   answerof-440635 ' value='1704954'   \/><label for='answer-id-1704954' id='answer-label-1704954' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440635[]' id='answer-id-1704955' class='answer   answerof-440635 ' value='1704955'   \/><label for='answer-id-1704955' id='answer-label-1704955' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440635[]' id='answer-id-1704956' class='answer   answerof-440635 ' value='1704956'   \/><label for='answer-id-1704956' id='answer-label-1704956' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440635[]' id='answer-id-1704957' class='answer   answerof-440635 ' value='1704957'   \/><label for='answer-id-1704957' id='answer-label-1704957' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-440636'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>MWB operates serviced offices in central London. Rock entered a contractual licence with MWB to occupy office space in Marble Arch and had accumulated licence fees in arrears. The original licence agreement contained a \u2018No Oral Modification\u2019 clause that said: 'All variations to this licence must be agreed, set out in writing and signed on behalf of both parties before they take effect'. <br \/>\r<br>After 6 months, Rock director re-negotiated to extend payment period over phone call and MWB credit controller agreed his proposal. Is this agreement considered as an effective variation to the original licence agreement?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='440636' \/><input type='hidden' id='answerType440636' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440636[]' id='answer-id-1704958' class='answer   answerof-440636 ' value='1704958'   \/><label for='answer-id-1704958' id='answer-label-1704958' class=' answer'><span>Yes, because parties who agree to altering the original contract orally despite a \u2018No Oral.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440636[]' id='answer-id-1704959' class='answer   answerof-440636 ' value='1704959'   \/><label for='answer-id-1704959' id='answer-label-1704959' class=' answer'><span>Modification\u2019 clause, must have intended to dispense with the clause<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440636[]' id='answer-id-1704960' class='answer   answerof-440636 ' value='1704960'   \/><label for='answer-id-1704960' id='answer-label-1704960' class=' answer'><span>No, because the mechanism for variation has been set out in the original contract<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440636[]' id='answer-id-1704961' class='answer   answerof-440636 ' value='1704961'   \/><label for='answer-id-1704961' id='answer-label-1704961' class=' answer'><span>Yes, because the credit controller had agreed with Rock director\u2019s proposal<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440636[]' id='answer-id-1704962' class='answer   answerof-440636 ' value='1704962'   \/><label for='answer-id-1704962' id='answer-label-1704962' class=' answer'><span>No, because Rock director assumed that the variation was effective and convinced credit controller to believe it<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-440637'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>An organization has a normal tender process that often last 1 month from defining the needs to contract award. Manufacturing department suddenly required a new special part that they could not foresee within a month. <br \/>\r<br>Which of the following should be the priority actions of procurement manager in this urgent situation? Select TWO that apply:<\/div><input type='hidden' name='question_id[]' id='qID_39' value='440637' \/><input type='hidden' id='answerType440637' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440637[]' id='answer-id-1704963' class='answer   answerof-440637 ' value='1704963'   \/><label for='answer-id-1704963' id='answer-label-1704963' class=' answer'><span>Design new specification<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440637[]' id='answer-id-1704964' class='answer   answerof-440637 ' value='1704964'   \/><label for='answer-id-1704964' id='answer-label-1704964' class=' answer'><span>Develop relationships with potential suppliers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440637[]' id='answer-id-1704965' class='answer   answerof-440637 ' value='1704965'   \/><label for='answer-id-1704965' id='answer-label-1704965' class=' answer'><span>Review contract performance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440637[]' id='answer-id-1704966' class='answer   answerof-440637 ' value='1704966'   \/><label for='answer-id-1704966' id='answer-label-1704966' class=' answer'><span>Get high-level authority approval<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440637[]' id='answer-id-1704967' class='answer   answerof-440637 ' value='1704967'   \/><label for='answer-id-1704967' id='answer-label-1704967' class=' answer'><span>Submit full business justification<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-440638'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>Which of the following is a true statement on express and implied terms?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='440638' \/><input type='hidden' id='answerType440638' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440638[]' id='answer-id-1704968' class='answer   answerof-440638 ' value='1704968'   \/><label for='answer-id-1704968' id='answer-label-1704968' class=' answer'><span>Express terms always take precedent over implied terms<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440638[]' id='answer-id-1704969' class='answer   answerof-440638 ' value='1704969'   \/><label for='answer-id-1704969' id='answer-label-1704969' class=' answer'><span>Implied terms may derive from oral negotiations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440638[]' id='answer-id-1704970' class='answer   answerof-440638 ' value='1704970'   \/><label for='answer-id-1704970' id='answer-label-1704970' class=' answer'><span>Express terms must always be in writing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-440638[]' id='answer-id-1704971' class='answer   answerof-440638 ' value='1704971'   \/><label for='answer-id-1704971' id='answer-label-1704971' class=' answer'><span>Express terms must be prepared by the party with expert knowledge<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-41'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons11202\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; 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