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CIPS Level 5 Advanced Diploma in Procurement and Supply Managing Contractual Risk

Managing Contractual Risk

Last Update May 4, 2024
Total Questions : 120

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Questions 4

Mark is a consultant who works with building managers and advises them on how to make their buildings safer. What type of insurance should Mark have?

Options:

A.  

Public Liability

B.  

Product Liability

C.  

Professional Indemnity

D.  

Property Insurance

Discussion 0
Questions 5

Which of the following will you put into box 4?

Options:

A.  

Payment Term

B.  

Time is of the Essence

C.  

Subcontracting

D.  

Specification

Discussion 0
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Questions 6

Which of the following will you put into box 1?

Options:

A.  

Payment Term

B.  

Time is of the Essence

C.  

Subcontracting

D.  

Specification

Discussion 0
Questions 7

Fruity McFruitFace is an exporter of fruit. Which of the following payment terms would be most advantageous for it?

Options:

A.  

open account

B.  

documentary collection

C.  

documentary credits

D.  

advance payment

Discussion 0

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