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CIPS > A8 Exam Q/A and Practice Software



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CIPS A8

Preparing and Managing Contracts

Questions and Answers : 111
Q&A Update On : October 20, 2017
File Format : PDF
Windows Compatibility : Windows 10/8/7/Vista/2000/XP/98
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If you are looking for A8 Practice Test containing Real Test Questions, you are at right place. We have compiled database of questions from Actual Exams in order to help you prepare and pass your exam on the first attempt. All training materials on the site are Up To Date and verified by our experts.

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Exam Simulator


CIPS A8

Preparing and Managing Contracts

Exam Simulator Q&A : 111
Q&A Update On : October 20, 2017
File Format : Installable Setup (.EXE)
Windows Compatibility : Windows 10/8/7/Vista/2000/XP/98
Mac Compatibility : Through Wine, Virtual Computer, Dual Boot
Exam Simulator Software
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Killexams Exam Simulator is industry leading Test Preparation and Evaluation Software for A8 exam. Through our Exam Simulator we guarantee that when you prepare CIPS A8, you will be confident in all the topics of the exam and will be ready to take the exam any time. Our Exam Simulator uses braindumps and real questions to prepare you for exam. Exam Simulator maintains performance records, performance graphs, explanations and references (if provied). Automated test preparation makes much easy to cover complete pool of questions in fastest way possible. Exam Simulators are updated on regular basis so that you can have best test preparation. Pass4sure with Industry Leading Exam Simulator.


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CIPS A8

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    CIPS A8 (Preparing and Managing Contracts)

    Questions and Answers : 111
    Q&A Update On : October 20, 2017
    File Format : PDF
    Windows Compatibility : Windows 10/8/7/Vista/2000/XP/98
    Mac Compatibility : All Versions including iOS 4/5/6/7
    Android : All Android Versions
    Linux : All Linux Versions
    Download A8 Sample Questions

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  • Exam Simulator Software

    CIPS A8 (Preparing and Managing Contracts)

    Exam Simulator Q&A : 111
    Q&A Update On : October 20, 2017
    File Format : Installable Setup (.EXE)
    Windows Compatibility : Windows 10/8/7/Vista/2000/XP/98
    Mac Compatibility : Through Wine, Virtual Computer, Dual Boot
    Download Software Exam Simulator Software
    Download A8 Sample Exam Simulator Exam Simulator Installation Guide

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1 Year
$122.00 $183
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A8 Questions and Answers

A8


Answer: Pending. Please Send your suggestions to support@


QUESTION: 103

  1. State TWO dangers of cost reimbursable pricing.

  2. Identify THREE safeguards which may help to protect the buyer against these dangers.


Answer: Pending. Please Send your suggestions to support@


QUESTION: 104

  1. Give THREE implied conditions of the Sale of Goods Act (1979) relating to sale by sample.

  2. Give TWO examples of contracts that would not be subject to the Sale of Goods Act (1979).


Answer: Pending. Please Send your suggestions to support@


QUESTION: 105

Identify FIVE guidelines, laid down by the Unfair Contract Terms Act (1977), that help determine whether a contract clause is 'reasonable'.


Answer: Pending. Please Send your suggestions to support@


QUESTION: 106

  1. Define the term 'fixed pricing'.

  2. State THREE advantages of fixed pricing for the purchaser.


Answer: Pending. Please Send your suggestions to support@


QUESTION: 107

Briefly describe FIVE benefits of effective contract management.


Answer: Pending. Please Send your suggestions to support@


QUESTION: 108

State FIVE purposes of a contract.


Answer: Pending. Please Send your suggestions to support@


QUESTION: 109

You are the supply chain manager for a large hospital. Because of the constant need to Reduce costs and maintain high standards, it has been examining the advantages and possible pitfalls of sourcing many of its supplies from some of the emerging economies of the world, particularly those in the Far East. After a time it becomes apparent that your staff are able to negotiate such issues as the price and delivery time of the supplies, but do not know how to go about agreeing contracts with international suppliers with regard to packaging and transport, as well as customs and other duties payable. You are aware of the nature and purposes of Incoterms and you need to make your staff aware of these. You also have in mind some specific Incoterms that you believe would be useful for your organisation.

TASKS

  1. Explain the purpose of Incoterms and the ways in which their use benefits both buyer and seller.

  2. Outline the provisions of Ex-works (EXW).

  3. Outline the provisions of Free on Board (FOB).

  4. Suggest which Incoterm you would use for the hospital and provide reasons for your choice.


Answer: Pending. Please Send your suggestions to support@


QUESTION: 110

You are the purchasing manager of Merson and Oakes Ltd., a major firm of construction contractors. You realise that none of your staff understand the application of contract price adjustment formulae. You believe that it would be a good idea to use these in long-term contracts, due to increasing economic uncertainty in some parts of the world. Instead of using such formulae, members of staff are either forcing suppliers to accept fixedprice contracts or are accepting suppliers?? requests to enter into cost-plus type contracts. Also, given the long- term nature of many contracts, you are surprised that the staff in the department do not understand retention clauses. You are planning a training session for Merson and Oakes??s staff. As part of your preparation undertake the following:

TASKS

  1. Describe TWO disadvantages of fixed-price contracts from the buyer??s point of view, for the long-term contracts often entered into by the company.

  2. Explain ONE benefit to Merson and Oakes of using contract price adjustment formulae.


  3. Describe how contract price adjustment formulae can be applied in this case.

  4. Explain how Merson and Oakes can make use of retention clauses.


Answer: Pending. Please Send your suggestions to support@


QUESTION: 111

  1. Explain the role and importance of each of the following essential elements of a contract:

    1. Offer

    2. Acceptance

    3. Consideration

    4. Intention to create legal relations

  2. Explain the difference between a condition of a contract and a warranty.


Answer: Pending. Please Send your suggestions to support@

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