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L3M4 Exam Dumps : Team Dynamics and Change

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Team Dynamics and Change Questions and Answers

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Question 1

While it is recognised that longer-term contracts have the potential to drive significant benefits for the organisation, a number of situations are more suited to making one-off purchases. Which of the below situations is likely to be more suited to a one-off purchase?

Options:

A.

The ordering of equipment for a special project

B.

A requirement for the maintenance of buildings

C.

The purchase of compatible IT infrastructure equipment

D.

The purchase of internal and external audit services

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Question 2

A construction company wishes to place the contract for the building of a new hotel with a principal contractor using a model form contract. Which of these is an advantage of using a 'model form contract'?

Options:

A.

It avoids the requirement to create complex contracts each time but can be adapted to suit particular circumstances

B.

Incentive payment terms can be included to reward the supplier for attainment of cost savings

C.

Legal advice is still required if significant amendments or variations are to be made to the contract

D.

Formulae or indices can be included to assess any additional supplier's claims for contract price adjustment

Question 3

Daryl was expecting some spare parts to arrive from abroad by air freight. He hears on the news that flights have been delayed due to an ash cloud from a volcano that has erupted. Which contract provision is likely to deal with this scenario?

Options:

A.

Warranties

B.

Caveat emptor

C.

Force majeure

D.

Confidentiality

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