Question 1

An arrangement between a buyer and a supplier in which they agree to apportion benefits (such a reduced costs, or increased outputs) arising from particularly sound contract performance may be called:

Options :

A : Painshare

B : Fair share

C : Gainshare

D : Stocks and shares

Answer: C

Question 2

Which one of the following is a document describing the requirement of a buying organisation, and may be used in seeking quotations or in a tender process? It may take the form of a written description, drawing, model, chemical formula, etc.

Options :

A : Request for proposal

B : Service level agreement

C : Requisition

D : Specification

Answer: D

Question 3

‘The value of a commodity or service measured in terms of the standard monetary unit’ describes:

Options :

A : Cost

B : Value added

C : Price

D : Value for money

Answer: C

Question 4

Which of the following would not normally be seen as part of public sector procurement?

Options :

A : Achieving defined service levels

B : An emphasis on the use of the competitive principle

C : Personal financial rewards from suppliers for buyers in return for awarding contracts

D : Personal bonus payments for procurement staff, linked to savings made

E : Pursuit of equal opportunities policies, internally and externally

Answer: C,D

Question 5

The film 'An Inconvenient Truth', made by former US Vice-President, Al Gore, is about:

Options :

A : Political lobbying and corruption

B : Ethics in commercial environments

C : Climate change

D : Biodiversity

Answer: C

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