Which of the risk estimates is appropriate for the Firm-Fixed price contract type?
a. Buyer high risk, supplier low risk
b. Full risk for supplier only
c. Buyer low risk, supplier high risk
d. Full risk for buyer only
e. None of the choices.
Question 2The standard way for exchanging business to business trading information today is
a. Open Buying on the Internet (OBI).
b. approved by the Better Business Bureau.
c. via e-mail.
d. via snail-mail.
e. is very slow.
Question 3In case of international contracts, purchasing managers should pay particular attention to which of the following:
a. All of the choices.
b. None of the choices.
c. Force Majeure
d. Choice of law
e. Forum selection
Question 4The WWW is used by consulting firms to market management and advisory services regarding which business subjects?
a. virtual seminar for e-businesses
b. consultative selling
c. partnerships
d. service gaps
e. all of the above
Question 5Which of the following information will help in drafting an appropriate contract EXCEPT:
a. Contract specifies how purchased item is going to be shipped and delivered
b. Contract identifies clearly what is being bought and sold
c. Contract covers the question of how the items are to be installed
d. Contract includes an acceptance provision detailing exactly how and when the purchaser will accept the products
e. Contract addresses all warranties not only appropriate ones
Question 6The new insurance coverage known as Net Secure protects e-commerce sites against
a. hackers.
b. spammers.
c. loss of intellectual property.
d. viruses.
e. all of the above.
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