L4M3

GovernanceA . 2 and 3 only B. 1 and 2 only C. 1 and 4 only D. 3 and 4 onlyView AnswerAnswer: A Explanation: Information Assurance (IA) Information Assurance (IA) is the practice of managing information-related risks and the steps involved to protect information systems such as computer and network...

Offeree has not accepted the offer yetA . 2 and 4 only B. 1 and 4 only C. 1 and 3 only D. 2 and 3 onlyView AnswerAnswer: A Explanation: A revocation of offer is the withdrawal of a previous offer to engage in some sort of legally binding contract....

Which of the following are reasons why a purchaser wants to embed a subcontracting clause into the main contract? Select TWO that apply:A . To induce the conflicts between the main contractor and subcontractors B. To improve supply chain transparency C. To reduce the main contract complexity D. To keep...

Non-disclosureA . 3 and 4 only B. 1 and 4 only C. 1 and 2 only D. 2 and 3 onlyView AnswerAnswer: D Explanation: There are a number of ways for an offer to be terminated. They are events that may occur after an offer has been made which bring...

Which of the following should be taken to avoid the conflicts between orally negotiated terms before the conclusion of contract and the final written contract?A . Finding signs of misrepresentation of the other contracting party B. Prevailing orally negotiated terms over the final written contract C. Embedding a term excluding...

Which of the following is always an advantage of using fixed price arrangement in a contract for buying organisation?A . Buyer can allocate budget with certainty B. Buyer can harness falling market price C. Supplier always receives a fixed margin D. Suitable for contracts that last 5 years or moreView...

Which of the following are key features of standard terms and conditions? Select TWO that applyA . Standard terms always comply with implied terms B. Specific to each purchase order C. Non-disclosure D. Non-negotiable E. Designed to be used in repetitive transactionsView AnswerAnswer: D,E Explanation: The key features, advantages and...

Is the government only source of industrial standards within a country?A . No, the government can only adopt standards regarding security and defence B. Yes, while ISO make standards for international trade, the government standardises other facets of their country C. No, an organisation can also generate its own internal...

Non-disclosureA . 3 and 4 only B. 1 and 4 only C. 1 and 2 only D. 2 and 3 onlyView AnswerAnswer: D Explanation: There are a number of ways for an offer to be terminated. They are events that may occur after an offer has been made which bring...

Which of the following is used to detail the complex matter that may be verbiage to the main document?A . Contract variation B. Schedule C. Subcontracting D. Standard terms and conditionsView AnswerAnswer: B Explanation: Without further explanation, a schedule may be deemed to form an integral part of the obligations...