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Question No 1

SECTION A Questions 1¨¬C10 are multiple choice questions. For each question, select ONE correct answer from A to D and write it in your answer booklet. You are advised to spend approximately 30 minutes on this section.

Choose the Choices:

Question No 2

Q1. Which of the following should be carried out before passing an invoice for payment?

Choose the Choices:

Check that the details of the invoice match those of the purchase order and delivery note

Check that the purchasing company has enough money to pay for the goods

Check that the accounts department is able to settle the invoice in accordance with the required payment method

Check that the suppliers bank account details are on the invoice.

Question No 3

Q2. Which of the following would you expect to be included in legislation whose purpose is to protect the buyer when purchasing goods?

Choose the Choices:

A condition that the seller must provide adequate service to the buyer

A condition that the buyer must pay for the goods in advance

A condition that the goods belong to the seller and that they have the right to sell them

A condition that the buyer will accept the goods when they are delivered by the seller.

Question No 4

Q3. Which of the following best defines the term 'variable pricing'?

Choose the Choices:

A price that can, by agreement between buyer and seller, fluctuate over the length of the contract

A price that is fixed for the length of the contract unless both parties agree to a change

A price that covers the seller's costs plus a mark - up to provide the seller's profit

A price that allows discount if the buyer buys more than a stated amount during the contract period.

Question No 5

Q4. Which of the following best describes damages as awarded by a court of law?

Choose the Choices:

A sum of money awarded to the injured party that gives them extra profit to compensate for the time lost during the dispute

An order by the court that the defendant should pay back to the injured party any money that they might already have paid

An order by the court that the defendant must complete the contract free of charge

A sum of money awarded by the court to compensate the injured party by putting them in the financial position they were in before any dispute arose.

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