Question 1

There are 2 types of specifications, what are they?

Options :

A : Capacity and Price

B : Commodity and Production

C : Conformance and Performance

D : Customer and Prevention

Answer: C

Question 2

What does the term OEM stand for?

Options :

A : Original engineering maker

B : Original engineering manufacturer

C : Original equipment maker

D : Original equipment manufacturer

Answer: D

Question 3

A contract can be amended if both parties are in agreement, for example, to revise quantities, KPIs, payment terms, length of contract, etc.

Options :

A : TRUE

B : FALSE

Answer: A

Question 4

All parties must have the _______ that their agreement can be enforced by civil law, i.e. if something goes wrong, one party can take legal action against the other.

Options :

A : Acceptance

B : Capacity

C : Consideration

D : Intention

E : Offer

F : Signature

Answer: D

Question 5

What back‐up plan could a manufacturer have in case a supplier is unable to obtain raw materials? Select all that apply

Options :

A : Contract other suppliers to assist should problems arise

B : Do nothing

C : Hold extra stock

D : None of the above

Answer: A,C