Question 1

Unincorporated companies are considered by law to be separate from their owners. True or false?

Options :

A : TRUE

B : FALSE

Answer: B

Question 2

No win no fee is an example of risk and reward pricing

Options :

A : TRUE

B : FALSE

Answer: A

Question 3

Identify two types of organisations in the private sector.

Options :

A : Fire service

B :

HMRC

C : Insurance Company

D : Tesco

Answer: C,D

Question 4

What term refers to all business conducted and paid for on the internet, covering all transactions such as sending electronic requisitions, RFQs and tenders, electronic authorising of documents through e-signatures, and receiving goods electronically?

Options :

A : E-Charging

B : E-Commerce

C : E-Contracting

D : E-Customer

Answer: B

Question 5

When the person receiving the offer accepts it unconditionally, what is it known as?

Options :

A : Acceptance

B : Admission

C : Decisive

D : Full

Answer: A