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NEW QUESTION 35
Which of the following will you put into box 2?
- A. Specification
- B. Payment Term
- C. Subcontracting
- D. Time is of the Essence
Answer: B
Explanation:
The correct answers are as follows:
This is payment terms. The scenario mentions processing invoices, which is to do with paying the supplier
NEW QUESTION 36
Which of the following will you put into box 4?
- A. anticipatory breach
- B. specification
- C. fundamental breach
- D. payment terms
Answer: B
Explanation:
The correct answers are as follows:
This is the specification as it talks about types of fabric.
NEW QUESTION 37
Which of the following is a consensual form of dispute resolution?
- A. litigation
- B. mediation
- C. negotiation
- D. adjudication
Answer: B
Explanation:
Mediation is consensual- consensual is when a third party is introduced to help reach an agreement. This is in contrast to adjudicative dispute resolution in which the third party acts as a judge and decision maker. Negotiation doesn’t involve a third party so is neither. See p. 137.
NEW QUESTION 38
Which of the following statements are TRUE about negotiation? Select THREE
- A. the process is voluntary
- B. it is a quick and cost effective method to resolve disputes
- C. the outcome of the negotiation is public
- D. the process is flexible
- E. the process can involve a neutral third party
Answer: A,B,D
Explanation:
The correct answers are 1, 4 and 5. Negotiation does NOT involve a third party and the outcome is private / confidential. See p.63 for more information on negotiation
NEW QUESTION 39
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