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L3M3 Exam Dumps : Contract Administration

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Contract Administration Questions and Answers

Question 1

According to Lysons and Farrington, two authors recommended by CIPS, which of the following are cost-based pricing models, as opposed to market-driven pricing models? Choose two.

Options:

A.

Penetration pricing

B.

Promotional pricing

C.

Marginal pricing

D.

Rate of return pricing

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Question 2

Which STEEPLE factor deals with issues of waste management, pollution and recycling?

Options:

A.

Technological

B.

Environmental

C.

Socio-cultural

D.

Ethical

Question 3

Which two of the following constitute part of a common risk assessment or risk evaluation formula?

Options:

A.

Contingency

B.

Likelihood

C.

Impact

D.

Prevention