Free Contract Administration Exam L3M3 Exam Practice Test

In this course, the acronym ‘NDA’ stands for:

• Non-delivery area
• Non-distribution agreement
• Non-dispute agreement
• Non-disclosure agreement

‘When the supplier delivers the goods as ordered, two further documents are created.

• The supplier’s XXX XXX, included with the goods
• The buyer’s YYY YYY YYY’Choose the correct replacement words.
• Delivery note, goods received note
• Purchase order, goods received note
• Formal quotation, terms and conditions
• Delivery note, service level agreement

Qualitative research / data can accurately be described as XXX rather than 'counting'. What is XXX?

• Prying
• Probing
• Enumerating
• Summarising

What do we call it when a seller sets a low introductory price to win customers, or to discourage competitors owing to the low margins achievable in the marketplace? Choose one.

• Cost mark-up pricing
• Competitive pricing
• Promotional pricing
• Penetration pricing

Which of the following are genuine pieces of legislation in the UK?

• The Bribery Act 2010
• The Freedom of Information Act 2000
• All of them
• Public Contracts Regulations 2015

Which of the following are external factors in supplier decision-making? Choose two.

• The selling firm’s financial position
• Market conditions, determining demand and supply
• Customer perceptions of value
• How badly the seller needs the business

A situation where suggestions made, often by a bidder, unnecessarily widen the scope of the requirement.

• Standardisation
• Specification creep
• Procurement conditioning
• Alternative bid

Which two of the following constitute part of a common risk assessment or risk evaluation formula?

• Contingency
• Likelihood
• Impact
• Prevention

Under a XXXX contract, the buyer does commit to purchase a given quantity over a given period oftime, but the precise number of orders and their quantities is unknown at the start of the period. What expression has been replaced by XXXX?

• Call-off
• Framework
• Oral
• Term

Which STEEPLE factor deals with issues of foreign exchange rates, inflation, consumer spending, labour costs and unemployment levels?

• Economic
• Political
• Socio-cultural
• Environmental