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L3M3 Exam Dumps : Contract Administration

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Contract Administration Questions and Answers

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Question 1

The letters ‘ESE’ stand for:

Options:

A.

Early supply estimate

B.

External storage environment

C.

External supplier expertise

D.

Early supplier engagement

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Question 2

Which STEEPLE factor deals with issues of foreign exchange rates, inflation, consumer spending, labour costs and unemployment levels?

Options:

A.

Economic

B.

Political

C.

Socio-cultural

D.

Environmental

Question 3

If your organisation takes out insurance cover to address various risks, which one of the following risk management strategies is it adopting?

Options:

A.

Treat

B.

Terminate

C.

Tolerate

D.

Transfer

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