
L3M3 Contract Administration Recap Week 2
Authored by Helen Stone
Other
Professional Development
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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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