Question 1

Unincorporated companies are considered by law to be separate from their owners. True or false?

Options :

A : TRUE

B : FALSE

Answer: B

Question 2

What factors should a buyer consider when deciding on the most suitable type of contract? Select all that apply.

Options :

A : What is the supplier relationship like?

B : Are the market prices stable?

C : How much risk should be taken?

D : All of the above

Answer: D

Question 3

When the person receiving the offer accepts it unconditionally, what is it known as?

Options :

A : Acceptance

B : Admission

C : Decisive

D : Full

Answer: A

Question 4

Which of the following are examples of public sector organisations?

Options :

A : B&Q

B :

Microsoft

C : OFSTED

D :

Pensions regulator

Answer: C,D

Question 5

What type of contract is it when the price is agreed, the goods are supplied, and the relationship ends?

Options :

A : Phase contract

B : Speck contract

C : Spot contract

D : Term contract

Answer: C

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