Which STEEPLE factor deals with issues of foreign exchange rates, inflation, consumer spending, labour costs and unemployment levels?
Which of the following is unlikely to be regarded as a conformance specification?
When both buyer and seller share cost information with each other (in both directions), in order to collaborate in cost reduction activities.
The UN Guiding Principles on Business and Human Rights (UNGP) - which recognise that business enterprises must respect human rights – were adopted in which year?
Looking specifically at how a quoted price compares to the cost of production is called:
The variable cost of a bottle of water is 25 cents. Selling price is $1, and fixed costs are one hundred thousand dollars. How many bottles of water must be sold to reach breakeven point?
‘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.
A bottle of sparkling water sells for $1. The variable cost is 50 cents. Fixed costs for the business are $100,000 (one hundred thousand dollars). How many bottles of water must be sold for the business to reach breakeven point?
Revenue-earning possibilities which are foregone as a result of implementing a plan; the cost of not doing something else.
Which of the following are internal factors in supplier decision-making? Choose two.
A justification of an action (expenditure) that is to be taken by an organisation.
Which two of the following constitute part of a common risk assessment or risk evaluation formula?
Under a XXXX contract, the buyer does commit to purchase a given quantity over a given period of time, but the precise number of orders and their quantities is unknown at the start of the period. What expression has been replaced by XXXX?
What do we call a contract term which is part of the contract, but which is not written into the con-tract documents?
Which of the following would not normally be part of data required by the buying organisation’s contract manager?
When a proposal fits with organisational strategy / direction / values, this can be described as:
A sum of money credited to a buyer by a seller in recognition of a large volume of purchases bought throughout the previous year might be called a:
Periodic progress reports may be required by a contract manager. Part of this could include reporting actual progress against planned progress. In many cases, achievement of plannedstages would result in (part-) payment(s) being released to the contractor. Which one of the following terms might be the most appropriate title for a plan underpinning this approach, to ensure value for money, and payment linked to actual progress?