Question 1

A questionnaire about the bidder’s suitability not about the bid is known as what?

Options :

A : PQQ

B : RFI

C : RFP

D : RFQ

Answer: A

Question 2

Lower price does not always equate to lower cost, e.g. could be lower quality, which could result in higher costs further down the line.

Options :

A : TRUE

B : FALSE

Answer: A

Question 3

Purchases can be made under a framework agreement by the way of what?

Options :

A : A call off order

B : A tear off order

C : A pull off order

D : A push off order

Answer: A

Question 4

At what stage of the tendering process would you make a recommendation and seek approval from an authorised person before awarding the contract?

Options :

A : Award

B : Evaluate

C : Prepare

D : Process

Answer: A

Question 5

What type of purchase would you be making for things that are of value to a business, such as machinery or buildings? They are assets to a business, and their value depreciates over time.

Options :

A : Capital purchase

B : Revenue purchase

Answer: A

Free L2M1 Mock Exam – Practice Online Confidently

Buying Options: