CIPS L3M3
Q: 1
The legal lessons included in this course are based on:
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Q: 2
Where the buying organisation’s contract manager feels that a contractor has under-performed,
which one of the following actions is normally not recommended?
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Q: 3
‘When the best XXX is selected, a formal YYY ZZZ is prepared and sent to the supplier. Choose the
most likely words to replace XXX, YYY and ZZZ.
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Q: 4
In this course, the acronym ‘NDA’ stands for:
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Q: 5
According to Lysons and Farrington, two authors recommended by CIPS, which of the following are
cost-based pricing models, as opposed to market-driven pricing models? Choose two.
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Q: 6
'Agreement' is composed of:
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Q: 7
What do we call a contract term which is part of the contract, but which is not written into the con-
tract documents?
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Q: 8
What is a contract?
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Q: 9
What do we call it when a seller sets a low introductory price to win customers, or to discourage
competitors owing to the low margins achievable in the marketplace? Choose one.
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Q: 10
If your organisation takes out insurance cover to address various risks, which one of the following risk
management strategies is it adopting?
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Question 1 of 10
