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Guide for L3M3: CIPS Contract Administration

Quiz L3M3: CIPS Contract Administration

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/ 10

Quiz

1/10
What gets measured, gets …’?
Select the answer
1 correct answer
A.
Measured
B.
Procured
C.
Managed
D.
Lost

Quiz

2/10
Revenue-earning possibilities which are foregone as a result of implementing a plan; the cost of not
doing something else.
Select the answer
1 correct answer
A.
Opportunity cost
B.
Absorption cost
C.
Indirect cost
D.
Overhead cost

Quiz

3/10
Contracts published by third party experts such as trade associations or professional bodies, widely
regarded as favouring neither buyer nor seller, are called:
Select the answer
1 correct answer
A.
Uni form
B.
Model form
C.
Paper form
D.
Trans form
E.
Good form

Quiz

4/10
Win-win negotiations can be described as expanding the:
Select the answer
1 correct answer
A.
Pie
B.
Sky
C.
Tie
D.
Dye

Quiz

5/10
Johnson, Scholes and Whittington suggested three key criteria for options which can be used in the
evaluation of a business case. Which word was not one of these three key criteria?
Select the answer
1 correct answer
A.
Transferability
B.
Feasibility
C.
Acceptability
D.
Suitability

Quiz

6/10
Key players have a:
Select the answer
1 correct answer
A.
High level of interest but little influence
B.
High level of interest and little power
C.
High level of power and a high level of interest
D.
High level of power but little interest

Quiz

7/10
Under a XXXX contract, the buyer does commit to purchase a given quantity over a given period of
time, but the precise number of orders and their quantities is unknown at the start of the period.
What expression has been replaced by XXXX?
Select the answer
1 correct answer
A.
Call-off
B.
Framework
C.
Oral
D.
Term

Quiz

8/10
A ‘cause and effect’ or ‘fishbone’ diagram is also commonly known as:
Select the answer
1 correct answer
A.
A Murakami diagram
B.
A Fukushima diagram
C.
An Ishiguro diagram
D.
An Ishikawa diagram

Quiz

9/10
‘A purchasing procedure whereby potential suppliers are invited to make a firm and unequivocal
offer of the price and terms on which they will supply specified goods or services which, on ac-
ceptance, shall be the basis of the subsequent contract’
Select the answer
1 correct answer
A.
Competitive dialogue
B.
Request for information
C.
Invitation to tender
D.
Expression of interest

Quiz

10/10
What is a contract?
Select the answer
1 correct answer
A.
An agreement between two or more parties which is intended to be enforceable by any means feasible.
B.
An agreement between two or more parties which is enforceable in law.
C.
An agreement between two or more parties which is intended to be honoured.
D.
An agreement between two or more parties which, all other things being equal, is in-tended to be enforceable by law.
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Info quiz:

  • Quiz name:L3M3: CIPS Contract Administration
  • Total number of questions:90
  • Number of questions for the test:50
  • Pass score:80%

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