Question 1

Which of the following protects consumers from unreasonable terms which limit liabilities in the contracts?

Options :

A : Bribery Act 2010

B : The Sherman Antitrust Act

C : General Data Protection Regulation

D : Unfair Contract Terms Act 1977

Answer: D

Question 2

Which of the following is an example of intracompany trading? Select TWO

Options :

A : a manufacturer in the UK buys raw copper from a supplier in Chile

B : two companies owned by the same entity conduct business

C : two companies join together to create a new product

D : two departments within the same company collaborate on a project

E : cleverness

Answer: B,D

Question 3

During the quality assurance of a supplier, Margaret is looking for an international standard that shows the supplier's commitment to sustainable procurement. What document should the supplier provide to show this?

Options :

A : ISO20400

B : ISO14000

C : ISO9001

D : ISO27000

Answer: A

Question 4

Sourcing products internationally involves extra considerations when looking at the price of the item. Which of the following are additional price considerations for international sourcing? Select TWO

Options :

A : exchange rate

B : total life cycle costs

C : tariffs

D : batch quantities

E : tax

Answer: A,C

Question 5

Which of the following are reasons why a global organisation opts to use transfer pricing arrangements? Select TWO that apply:

Options :

A : Improving local economy

B : No risk of tax evasion

C : Leveraging local sourcing better

D : Simply internal accounting procedure

E : Reduction in international tax expense

Answer: A,D