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Commercial Contracting

Last Update May 24, 2024
Total Questions : 190

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Commercial Contracting Questions and Answers

Questions 1

Which of the following documents are likely to have legal standing? Select TWO that apply:

Options:

A.

Quotation

B.

Request for information

C.

Tender

D.

Requisition

E.

Estimate

Questions 2

Which of the following are likely to feature within an outcome-specification?

1. Dimension

2. Performance requirement

3. Input material

4. Product function

Options:

A.

2 and 4 only

B.

3 and 4 only

C.

1 and 2 only

D.

1 and 3 only

Questions 3

Which of the following are likely to be advantages of using request for quotation? Select TWO that apply:

Options:

A.

Lower administration costs

B.

Short turnaround times

C.

No specification required

D.

Helping the buying organisation assess both price and quality

E.

Encouraging suppliers to submit creative solutions