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Question 12

FTSE100 and Sensex are examples of what?

Options:

stock markets

commodity indices

financial reports

public sector organisations

Question 13

Incoterms are designed to be understood and interpreted on a worldwide basis. What is the interpretation for FOB (Free on Board)?

Options:

The buyer takes responsibility for the goods after they are loaded on the ship, plus all subsequent costs, including freight charges

The buyer takes responsibility for the goods after they are loaded on the ship, plus subsequent costs, excluding freight charges

The buyer takes responsibility for taking the goods from the departure quayside to the ship, plus all subsequent costs

The buyer takes responsibility for transferring the goods from the seller's premises to the ship, plus all subsequent costs

Question 14

Luke has sent out a Request for Information to test the waters of the supply market for a new product he is sourcing. He has received a high number of detailed documents back from suppliers. Which of the following is Luke now likely to know about the marketplace? Select THREE

Options:

acceptable lead times

amount of product competition

expected changes in the marketplace

exact costs of the item he's procuring

samples of the product

Question 15

A company has a requirement for an item that has been identified as strategic on the positioning model. The company needs to invite competitive tenders and ensure the selected supplier of this item is in a good financial position. What should the company ask the suppliers to send to show that their current assets cover their current liabilities?