Free CIPS A8 Exam Actual Questions

Question #1

Which of the following best describes the basic purpose of contract management?

AInforming a member of your companys senior management team if something goes wrong with the supplier's performance of a contract

BAllowing a contract to take its course unless something goes wrong, at which point you take action

CRequesting the expediter to telephone the supplier regularly to obtain constant delivery updates

DForecasting and analysing potential risks in the contract under the headings of cost, quality and time.

Reveal Solution

Correct Answer: B

Question #2

Which of the following best describes the concept of repudiation of a contract?

AThe court forcing the supplier to perform the remainder of the contract after a breach has occurred

BThe award of financial compensation to be paid, by the party judged to be in breach of the contract, to the other party

CThe buyer being free to find a different supplier to get the work completed in a satisfactory manner

DThe innocent party being able to behave as if the contract had never existed in the first place.

Reveal Solution

Correct Answer: D

Question #3

Which of the following best describes litigation as a means of settling disputes between buyer and seller?

AIt is often used in international contracts

BIt is an agreement between both parties resulting from amicable discussion

CIt is an adversarial action under rules established in a country's constitution

DIt is a form of expert determination using a third party.

Reveal Solution

Correct Answer: B

Question #4

Which of the following best describes the concept of repudiation of a contract?

AThe court forcing the supplier to perform the remainder of the contract after a breach has occurred

BThe award of financial compensation to be paid, by the party judged to be in breach of the contract, to the other party

CThe buyer being free to find a different supplier to get the work completed in a satisfactory manner

DThe innocent party being able to behave as if the contract had never existed in the first place.

Reveal Solution

Correct Answer: D

Question #5

Which of the following best describes litigation as a means of settling disputes between buyer and seller?

AIt is often used in international contracts

BIt is an agreement between both parties resulting from amicable discussion

CIt is an adversarial action under rules established in a country's constitution

DIt is a form of expert determination using a third party.

Reveal Solution

Correct Answer: B

Unlock Premium A8 Exam Questions with Advanced Practice Test Features:

Get Full Access Now