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Governance
GovernanceA . 2 and 3 only B. 1 and 2 only C. 1 and 4 only D. 3 and 4 onlyView AnswerAnswer: A Explanation: Information Assurance (IA) Information Assurance (IA) is the practice of managing information-related risks and the steps involved to protect information systems such as computer and network...
Hank’s pre-contractual assurance is most likely to be an example of which of the following?
Cleveland Insurance (Cleveland) offers a range of insurance services. The main software used in the call centre is a customer relationship management (CRM) system. Cleveland perceived an urgent need to replace the existing CRM system to deal with the increasing number of customers and services. Urgent Digital Ltd (Digital) is...
Which of the following should be the priority actions of procurement manager in this urgent situation?
An organization has a normal tender process that often last 1 month from defining the needs to contract award. Manufacturing department suddenly required a new special part that they could not foresee within a month. Which of the following should be the priority actions of procurement manager in this urgent...
Non-disclosure
Non-disclosureA . 3 and 4 only B. 1 and 4 only C. 1 and 2 only D. 2 and 3 onlyView AnswerAnswer: D Explanation: There are a number of ways for an offer to be terminated. They are events that may occur after an offer has been made which bring...
According to rule of contract formation, which of the following is a valid acceptance?
According to rule of contract formation, which of the following is a valid acceptance?A . The person orally agrees to pay the offered price B. The person states that she is able to pay the offered price C. The person asks for a lower price D. The person says that...
Which of the following should be specially noticed in market dialogue with suppliers in specification development?
Which of the following should be specially noticed in market dialogue with suppliers in specification development?A . Both parties must respect confidentiality B. The buying organisation must avoid social media at all cost C. Market dialogue is banned in the public sector D. Market dialogue should only be conducted with...
Which of the following is the international standard for labelling hazardous substances?
Which of the following is the international standard for labelling hazardous substances?A . GPS B. HSE C. CODEX STAN 1-1985 D. GHSView AnswerAnswer: D Explanation: GHS stands for the Globally Harmonized System of Classification and Labelling of Chemicals. GHS defines and classifies the hazards of chemical products, and communicates health...
Which of the following will affect the final fee payable in this gainshare agreement?
CMS Corp goes into a gainshare agreement with the contractor, EIP Ltd. Both parties agree that the final fee will be calculated on target cost - target fee basis. Which of the following will affect the final fee payable in this gainshare agreement? Select TWO that apply:A . Accrual expense...
Which of the following is the model form of contract for construction which is recommended by World Bank?
Which of the following is the model form of contract for construction which is recommended by World Bank?A . ITC B. JCT C. CIPS D. FIDICView AnswerAnswer: D Explanation: FIDIC is the International Federation of Consulting Engineers (or Fédération Internationale des Ingénieurs Conseils in French). FIDIC has produced many publications,...
Non-disclosure
Non-disclosureA . 3 and 4 only B. 1 and 4 only C. 1 and 2 only D. 2 and 3 onlyView AnswerAnswer: D Explanation: There are a number of ways for an offer to be terminated. They are events that may occur after an offer has been made which bring...
