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Name: CORE Level 5 Managing Contractual Risk
Exam Code: L5M3
Certification: Level 5 Advanced Diploma in Procurement and Supply
Vendor: CIPS
Total Questions: 122
Last Updated: May 13, 2024
Page:    1 / 25      
Total 122 Questions | Updated On: May 13, 2024
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Question 1

2021-04-01-10-29-32-60d4982a051344803c8102c9c6f0c318

Which of the following will you put into box 6?


Answer: C

Question 2

Harry is negotiating a contract for a new IT system for his business. He is investing heavily in the system and wants the system to be able to provide the services he requires for the next 10 years. However he is aware that technology is changing quickly and would like to include a clause in the contract to ensure that the system he is purchasing is useable for the next 10 years. What should Harry include in the contract?


Answer: C

Question 3

Which of the following would constitute an offer? Select TWO:


Answer: A,D

Question 4

Which of the following is not a form of ADR (Alternative Dispute Resolution)?


Answer: B

Question 5

Franky B's is a popular restaurant chain which is seeking a resolution to a conflict it has with its supplier of Fried Chicken. It is looking for a dispute resolution that does not involve the court but in which an expert third party will make a binding decision. Which is the most suitable dispute resolution method for Franky B's?


Answer: B

Page:    1 / 25      
Total 122 Questions | Updated On: May 13, 2024
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