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L3M3 Exam Dumps : Contract Administration

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Contract Administration Questions and Answers

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Question 1

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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Question 2

The letters ‘ESE’ stand for:

Options:

A.

Early supply estimate

B.

External storage environment

C.

External supplier expertise

D.

Early supplier engagement

Question 3

When negotiating, it is highly desirable to have both a:

Options:

A.

ZOPA and a TABNA

B.

BATNA and a ZOPA

C.

DOPA and a BANTA

D.

BATNA and a FOPA

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