Question 1

No win no fee is an example of risk and reward pricing

Options :

A : TRUE

B : FALSE

Answer: A

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

MRP systems are never place Purchase Orders

Options :

A : TRUE

B : FALSE

Answer: B

Question 4

What type of pricing arrangement is it when a cost per item for products or services is compiled, and used when the buyer does not know how much of something they will need at a time and how often or how long they may have the need?

Options :

A : List of duties

B : List of rates

C :

Schedule of duties

D : Schedule of rates

Answer: D

Question 5

Which of the following are ‘Production’ organisations? More than one applies

Options :

A : Constructors

B : Insurance

C : Manufacturers

D : Taxi Services

Answer: A,C

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