Question 26
Nestle gave away records of "Rockin' Shoes" or a voucher to people who sent in three wrappers from Nestle's 6d. milk chocolate bars as well as 1s 6d. Which of the following were the consideration of Nestle's customer? Select TWO that apply
Question 27
Which of the following are implied terms in sales contracts? Select THREE that apply.
Question 28
Which of the following statement is true about one-off contract?
Question 29
Which of the following should be done by procurement professionals right after obtaining a pre-written specification for a critical item so that the added value will be the greatest?
Question 30
Blakenall District Hospital (BDH) is a large hospital that is a major part of the government's health service.
Purchasing staff are in the habit of placing many long-term contracts with suppliers and sub-contractors.
Whilst these contracts are usually carried out successfully, prices are often paid that are well over budget. The purchasing manager is concerned to find that, in some cases, members of staff are forcing suppliers to accept fixed price contracts. The policy hascaused several problems such as some suppliers refusing to deal with BDH and a few going out of business mid-way through performing a contract with BDH. This is due to fluctuating market prices of materials. The procurement manager suggests supplier to adopt variable pricing arrangement with price index. Is this a right course of action?