Question 1

The Paris Agreement is about:

Options :

A : Climate change

B : European free trade

C : Taxation on fashion houses

D : Rail freight rates

Answer: A

Question 2

Which one of the following is a commercial document issued by a seller seeking payment for goods or services?

Options :

A : Delivery note

B : Pre-qualification questionnaire

C : Invoice

D : Supplier quotation

Answer: C

Question 3

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 4

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 5

Thinking of the STEEPLED factors which may impact long-term on an organisation, under which one heading would the following appear: growth trends, unemployment patterns, incomes, interest rates exchange rates and tax rates?

Options :

A : Ethical

B : Political

C : Environmental

D : Economic

Answer: D

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