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L3M1 Exam Dumps : Procurement and Supply Environments

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Procurement and Supply Environments Questions and Answers

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Question 1

A market situation where there is a small number of large suppliers is called:

Options:

A.

Oligopoly

B.

Monopoly

C.

Perfect competition

D.

Monopsony

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Question 2

Shareholders of a limited company are not liable for unpaid debts'. True or false?

Options:

A.

False

B.

True

Question 3

As well as a Goods Received Note (GRN), three-way matching to authorise a payment to a supplier should involve two other documents. Which two?

Options:

A.

Service Level Agreement

B.

Invoice

C.

Purchase Order

D.

Bill of Materials

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