Question 1

What is said to be the control of the flow of goods or services between two points?

Options :

A : Distribution

B : Logistics

C : Materials Management

D : The supply chain

Answer: B

Question 2

At what stage of the tendering process would you make a recommendation and seek approval from an authorised person before awarding the contract?

Options :

A : Award

B : Evaluate

C : Prepare

D : Process

Answer: A

Question 3

An individual or organisation who is the end user of the goods or services that have been produced or supplied is known as what?

Options :

A : Customers

B : Consumers

C : Emptor

D : Patron

Answer: B

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

Budget variances can be temporary or permanent

Options :

A : TRUE

B : FALSE

Answer: A