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L3M3 Exam Dumps : Contract Administration

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Contract Administration Questions and Answers

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Question 1

Which one of the following is not an ‘E’ from STEEPLE?

Options:

A.

Economic

B.

Ethical

C.

Environmental

D.

Epistemological

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Question 2

Which of the following would be unethical? Choose two.

Options:

A.

To place business with a company in which your sister works, having been instructed in writing to do so by your line manager

B.

To negotiate with suppliers

C.

To request quotations if the buyer has no intention to purchase

D.

To request quotations from several suppliers if the buyer has already decided where the contract will be awarded

Question 3

A sum of money credited to a buyer by a seller in recognition of a large volume of purchases bought throughout the previous year might be called a:

Options:

A.

Retrospective rebate

B.

Vendor debit

C.

Historic refund

D.

Retrospective reward

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