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A justification of an action (expenditure) that is to be taken by an organisation.
A justification of an action (expenditure) that is to be taken by an organisation.A . Project managementB . Competitive tenderC . Business caseD . Cost analysisView AnswerAnswer: C Explanation: The business case will justify the expenditure. Of the other answers offered, the only one which needs explanation presumably is 'cost...
If your organisation takes out insurance cover to address various risks, which one of the following risk management strategies is it adopting?
If your organisation takes out insurance cover to address various risks, which one of the following risk management strategies is it adopting?A . TreatB . TerminateC . TolerateD . TransferView AnswerAnswer: D Explanation: Transfer. Some of the risk has been transferred to the insurance company.
What expression has been replaced by XXXX?
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 What expression has been replaced by XXXX?A . Call-offB . FrameworkC . OralD ....
A contract clause indicating damages to be recovered in the event of under-performance, with the proposed damages being a genuine pre-estimate of loss, is called a:
A contract clause indicating damages to be recovered in the event of under-performance, with the proposed damages being a genuine pre-estimate of loss, is called a:A . Punitive damages clauseB . Liquidated damages clauseC . Penalty clauseD . Unliquidated damages clauseView AnswerAnswer: B Explanation: Liquidated damages clause. The QUESTION is...
What gets measured, gets …’?
What gets measured, gets …’?A . MeasuredB . ProcuredC . ManagedD . LostView AnswerAnswer: C Explanation: Managed. This an old management adage, which is intended to encourage managers to measure helpful indica-tors (not everything!).
Goods or services which must be used together are called:
Goods or services which must be used together are called:A . ComplimentsB . CondimentsC . ComplementsD . SubstitutesView AnswerAnswer: C Explanation: The items are complementary. Complements. For example, a Tesla car and a Tesla charging point.
Which STEEPLE factor deals with issues of waste management, pollution and recycling?
Which STEEPLE factor deals with issues of waste management, pollution and recycling?A . TechnologicalB . EnvironmentalC . Socio-culturalD . EthicalView AnswerAnswer: B Explanation: The answer is 'environmental'.
Which one of the following is not an ‘E’ from STEEPLE?
Which one of the following is not an ‘E’ from STEEPLE?A . EconomicB . EthicalC . EnvironmentalD . EpistemologicalView AnswerAnswer: D Explanation: Even if you don't know what 'Epistemological' means, you should know it's the odd one out. It relates to the philosophical study of knowledge.
Which of the following statements is untrue? Select two.
Which of the following statements is untrue? Select two.A . The framework arrangement establishes the basic terms and conditions that will apply to subsequent ordersB . A framework arrangement cannot be used for consultancy services, although it can be used for construction work.C . There is an obligation to buy...
