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What is the most important legal consideration to be taken before terminating?
A law firm is ending an agreement with a client they have represented for many years. What is the most important legal consideration to be taken before terminating?A . Employee rightsB . ConfidentialityC . FinanceD . SecurityView AnswerAnswer: B Explanation: Confidentiality is critical in professional relationships, especially for law firms,...
Using the relationship spectrum, what relationship does this scenario best describe?
Construct Builders Ltd works very closely with a supplier called Solid Timber Co on house-building projects. They have a very close working relationship, sharing investment, setting pricing levels, and looking at sharing resources. The two companies also work closely together to set strategic directions and explore new markets for long-term...
Which commercial relationship type would be most effective for the buyer to choose?
A textile company is purchasing a new item which is low value. This item is likely never to be required again by the company and is widely available from many different suppliers. Which commercial relationship type would be most effective for the buyer to choose?A . AdversarialB . Closer tacticalC...
National Hospital Trust (NHT) has entered into a partnership relationship with a major facilities management provider. The two organizations have agreed on the approach to undertake regular reviews and audits. The audit approach will include which of the following?
National Hospital Trust (NHT) has entered into a partnership relationship with a major facilities management provider. The two organizations have agreed on the approach to undertake regular reviews and audits. The audit approach will include which of the following?A . Category management and supplier rationalizationB . Specification development and managementC...
Is this a valid recommendation?
A company is relocating its manufacturing base to a low-cost country and is considering a partnership with a local supplier for its key components rather than a tender process. Although there are some concerns regarding confidentiality and component competitiveness, the procurement director is recommending a partnership strategy to the board...
What is a disadvantage of including qualitative KPIs into a contract?
What is a disadvantage of including qualitative KPIs into a contract?A . They can lead to poor supplier performance B. They pull focus from the more important quantitative KPIs C. They are hard to measure D. They make the buyer seem weakView AnswerAnswer: C Explanation: The correct answer is ‘They...
What is the Manager's main motivation for doing this?
A doctor's surgery requires a complex database system to manage all of its patients data, which is highly sensitive. The system also needs to link to other departments of the health service such as physiotherapy and intensive care. The Manager of the surgery is considering outsourcing the management of the...
The Queen Victoria is a traditional British pub which serves a range of alcoholic beverages. It has a partnership relationship with a local brewery which supplies several types of beer and cider. Logistics is a key concern for the Queen Victoria as deliveries must be made when there is room in the cellar to store the barrels of beer and cider. In what ways could the logistics risk be reduced?
The Queen Victoria is a traditional British pub which serves a range of alcoholic beverages. It has a partnership relationship with a local brewery which supplies several types of beer and cider. Logistics is a key concern for the Queen Victoria as deliveries must be made when there is room...
Which of the following could be used?
In the public sector, there are many sources of information that a buyer can use to identify a suitable supplier . Which of the following could be used? Select THREEA . Intranet B. Tradeshows C. OJEU D. Internal stakeholders’ knowledge E. Procurement PlatformsView AnswerAnswer: B,D,E Explanation: The correct answers are;...
What is the biggest risk to Grey Stone?
Grey Stone Memorial Hospital is a private medical facility which has an idea for a vaccine to a deadly disease, but does not have the capacity to make the vaccine itself. It is considering partnering with a well-known pharmaceutical company in order to bring the vaccine to market . What...
