L3M3 Contract Administration Recap Week 2

L3M3 Contract Administration Recap Week 2

Professional Development

10 Qs

quiz-placeholder

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L3M3 Contract Administration Recap Week 2

L3M3 Contract Administration Recap Week 2

Assessment

Quiz

Other

Professional Development

Practice Problem

Medium

Created by

Helen Stone

Used 1+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Remittance Advice is...

A request for information

A request for a quote

A confirmation of delivery

A confirmation of the invoice paid

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I allow buyers to compare and select the best offer...Who Am I

Quotation

Tender

Call Off

Information

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I enable buyers to understand the market and identify potential suppliers...Who Am I

Quotation

Tender

Call Off

Information

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I ensure that both parties are aligned on the order details and delivery expectations...Who Am I

Quotation

Order Acknowledgement

Invoice

Delivery Note

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I ensure that the supplier is compensated for their goods or services...Who Am I

Quotation

Order Acknowledgement

Invoice

Delivery Note

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business case is...

a justification for a proposed project or undertaking on the basis of its expected benefits

a detailed financial report that outlines the company's annual revenue and expenses

a marketing strategy designed to promote a new product or service to potential customers

a legal document that outlines the terms and conditions of a business partnership

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name for a contract that runs for an agreed period of time and allows the buyer to request delivery of products throughout its duration at a set price.

Spot purchase

Framework Agreement

Call off order

Panel contract

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