Jake is running a tender exercise to find a new supplier for his manufacturing organisation. He is seeking fixed pricing for goods over the next 2 years. Which of the following are advantages of using fixed pricing? Select all that apply.
Foxglove Ltd has a rigid hierarchy, standardized work, and strict procedures. Employees know their roles and work quality is high.
Q: What type of culture does Foxglove Ltd have?
Answer Options:
Glitter Kitten Ltd CEO applies the Payback Analysis for expansion.
Investment: £50m
Annual returns: £10m
Q: What is the payback period?
Answer Options:
Which of the following is NOT a benefit or function of a professional body?
Professional bodies are established organizations that promote industry standards, ethical conduct, and professional development.
Answer Options:
Jerry is responsible for starting a new construction project.
His company wants to build a new Water Park on the outskirts of town.
He has prepared a Statement of Need, outlining requirements and benefits.
Senior Management has approved the project to move forward.
Q: What should be Jerry's next task?
Answer Options:
Golden Rainbow Ltd has invested £4m in a new research project started three years ago. The CFO calculates that the average rate of return on the project is –6%. Is this possible?
Scenario (same as Question 16):
Which type of contract would be the most suitable for working with the new client?
Skipped
Under what circumstances can Specific Performance be used to compensate an innocent party for a contractual breach? Select all that apply.
Cactus Construction is the Principal Contractor on a housing estate project under an NEC contract. Which of the following scenarios would be a mandatory variation?
According to Hofstede's Cultural Dimensions, Individualism is when a person prioritises themselves over a group. Is this correct?
