Question No. 1

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

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

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

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

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

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Correct Answer: B

Question No. 2

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

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

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

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

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

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Correct Answer: C

Question No. 3

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

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

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

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

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

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Correct Answer: D

Question No. 4

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

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

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

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

DA 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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Correct Answer: A

Question No. 5

Which of the following would you expect to find as a fundamental part of legislation whose aim is to protect the buyer when purchasing services?

AThe service provided must be carried out using reasonable care and skill

BThe service provided must be fit for the purpose

CThe service provided must be the same as is carried out for other customers

DThe service provided must conform to any description of the service

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Correct Answer: C

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