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NEW QUESTION 44
Which of the following statements about FIDIC Contracts are true? Select TWO:
- A. They are used in the construction industry
- B. Each party manages their own risks separately
- C. Change control is called a ‘Compensation Event’
- D. They are more collaborative than NEC contracts
- E. Early warning notices are given when risks arise
Answer: A,B
Explanation:
Explanation
1 and 3 are correct answers. Options 2,4, and 5 are true for NEC contracts – NEC is more collaborative than FIDIC, early warning notices are given and change controls are called ‘Compensation Events’. See p.74 for more information on FIDIC and NEC Contracts. This does come up in the exam
NEW QUESTION 45
Which of the following statements is true about ISO9001? Select TWO.
- A. It complements ISO 20400
- B. it aims to ensure sustainability within the supply chain
- C. it helps businesses to identify areas of potential risk and mitigate these accordingly
- D. it is based on the principle of continuous improvement
- E. it encourages businesses to see quality from the viewpoint of the customer
Answer: D,E
Explanation:
Explanation
ISO 9001 is Quality Management- answers 1 and 2 are correct. ISOs are a popular topic on this exam so be sure to revise them – and not only what the names of them are, but also the principles behind each ISO. ISO
9001 is discussed on p. 25 of the CIPS study guide.
NEW QUESTION 46
Kevin is a consultant who works for himself and is predominantly based at home, except for when he visits clients. He has recently taken on a role advising a client about the feasibility of building a new railway station in a village. Which of the following insurances would be vital for Kevin to take out?
- A. public liability
- B. professional indemnity
- C. trade credit
- D. product liability
Answer: B
Explanation:
Explanation
As a consultant he will need Professional Indemnity insurance. This insurance is for roles that include providing advice, designs and services. Insurances comes up a bit in the exam so revise this from p.96-100
NEW QUESTION 47
Which of the following is an International Standard for Risk Management?
- A. ISO 27000
- B. ISO28000
- C. ISO 22301
- D. ISO31000
Answer: D
Explanation:
Explanation
Risk Management = ISO31000. Learn the ISOs for the exam as it’s a popular exam topic. 31000 is explained on p. 140. As well as the numbers, you should also learn the guiding principles of each ISO for the exam.
NEW QUESTION 48
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