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L3M3 Exam Dumps : Contract Administration

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Contract Administration Questions and Answers

Question 1

Which STEEPLE factor deals with issues of waste management, pollution and recycling?

Options:

A.

Technological

B.

Environmental

C.

Socio-cultural

D.

Ethical

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Question 2

Imagine you discuss profit on an item for sale in your business as a percentage of the selling price. Assume the profit element represents 50% of the selling price. Is mark-up or margin being described here?

Options:

A.

Mark-up

B.

Margin

Question 3

Johnson, Scholes and Whittington suggested three key criteria for options which can be used in the evaluation of a business case. Which word was not one of these three key criteria?

Options:

A.

Transferability

B.

Feasibility

C.

Acceptability

D.

Suitability