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Contribution is equivalent to:
Contribution is equivalent to:A . Selling price minus total costsB . Selling priceC . Selling price minus fixed costsD . Selling price minus variable costsView AnswerAnswer: D Explanation: Selling price minus variable costs = contribution., or more accurately 'contribution towards fixed costs and making a profit'. I find this longer...
Win-win negotiations can be described as expanding the:
Win-win negotiations can be described as expanding the:A . PieB . SkyC . TieD . DyeView AnswerAnswer: A Explanation: This is the idea that negotiations can be of the sort which shares the (apple) pie, often aggressively and not 50/50 (win-lose); or it can seek to create additional value -...
What is a contract?
What is a contract?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 ....
In legal parlance, in discussing / negotiating contract terms, something which is 'less than an offer', might be:
In legal parlance, in discussing / negotiating contract terms, something which is 'less than an offer', might be:A . Invitation to teaB . Invitation to treatC . ConsiderationD . Invitation to acceptView AnswerAnswer: B Explanation: 'Invitation to treat' is less than an offer ie it is not capable of being...
Looking specifically at how a quoted price compares to the cost of production is called:
Looking specifically at how a quoted price compares to the cost of production is called:A . Factor analysisB . Price analysisC . Psycho analysisD . Cost analysisView AnswerAnswer: D Explanation: Comparison of prices across different suppliers would be called 'price analysis'; drilling down into costs of making or doing something...
Key players have a:
Key players have a:A . High level of interest but little influenceB . High level of interest and little powerC . High level of power and a high level of interestD . High level of power but little interestView AnswerAnswer: C Explanation: High level of power and a high level...
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...
