Which of the following are NOT one of the four key principles of procurement in the EU?

• A.Transparency
• B.Value for Money
• C.Non-Discrimination
• D.Proportionality

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Lee is a procurement manager at Real Pirates Ltd and he has a contract with Peg Leg Industries for the supply of fake, wooden legs for his team of Pirates. Real Pirates Ltd have been working with Peg Leg Industries for almost 10 years but recently Lee has discovered he will need to terminate the contract due to 'Contract Frustration'. What could be the reason for this?

• A.The supplier has committed a material breach
• B.An unexpected incident has occurred beyond anyone's control
• C.The supplier has become insolvent
• D.The supplier has leaked confidential information about Real Pirates Ltd to a competitor

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Rivalry between suppliers is more likely to be intense in which of the following situations?

• A.1 and 2 only
• B.2 and 4 only
• C.1 and 3 only
• D.1 and 4 only

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Which one of the following would constitute a succession issue when terminating a relationship?

• A.Processing penalties
• B.Deletion of old specifications
• C.Continuity of supplies
• D.Payment of old invoices

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Ranjit Singh is carrying out a procurement exercise for medical gases and has been advised that this is a restricted marketplace. A marketplace may be restricted for which of the following reasons?
* The marketplace is heavily regulated by governments and legislation
* Existing suppliers within the marketplace offer excellent services
* There are many suppliers already in operation within the marketplace
* High financial investment is required to enter the marketplace

• A.1 and 2 only
• B.2 and 3 only
• C.1 and 4 only
• D.2 and 4 only

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