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L3M3 Exam Dumps : Contract Administration

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Contract Administration Questions and Answers

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Question 1

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

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Question 2

The UN Guiding Principles on Business and Human Rights (UNGP) - which recognise that business enterprises must respect human rights – were adopted in which year?

Options:

A.

1929

B.

2011

C.

1948

D.

1977

Question 3

‘Profit is not a cost’. True or false?

Options:

A.

True

B.

False

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