[2026] CIPS Managing Contractual Risk - L5M3 무료 시험 문제

문제1

When assessing damages caused by a breach, which of the following statements is true?

A. damages attempt to position the innocent party in the position that they would have been in had the contract been performed as expected

B. damages can be difficult to assess before a breach has occurred and therefore should be decided through conflict resolution

C. damages attempt to compensate the innocent party for errors made by the offending party

D. damages are limited to what is stated within the contract

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제2

Which of the following is a consensual form of dispute resolution?

A. litigation

B. adjudication

C. mediation

D. negotiation

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제3

Which of the following statements about adjudication is true?

A. the decision made by the adjudicator is binding and usually communicated within 28 days

B. parties are expected to present their cases in person in front of the adjudicator

C. adjudicators are appointed at random and therefore may not have specific knowledge of the subject matter

D. the decision making process can be lengthy and expensive

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제4

Sally is shopping and sees an advert in a travel agent's window that says that flights to Malta are 50% off. She enters the shop and begins to speak to a travel agent who informs her that the poster she'd seen is out of date. Is the travel agent obliged to give Sally the discounted flight?

A. no - the advert is an invitation to treat

B. no- the offer has been rescinded

C. yes- the offer was displayed and therefore must be honoured

D. yes- the offer is valid until another offer or counter offer is provided

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제5

George is a procurement manager at a manufacturing company and is reviewing a contract he has with a supplier. He notes that there are multiple appendices to the contract and there is no Precedence of Documents. What does this mean for the contract?

A. the contract is not valid

B. clauses in the contract take precedent over clauses in the appendices

C. the clauses that come first in the document, take precedent

D. all clauses are considered equal

정답: D

설명: (Fast2test 회원만 볼 수 있음)

문제6

Popsi Cula is a manufacturer of sugared beverages and produces over 5000 tonnes of soda each day. It is extremely important that ingredients are delivered to the factory on specific days in order for the production to keep to its very tight schedule. Popsi Cula is onboarding a new supplier - which of the following clauses would it be important for the contract to contain?

A. KPIs

B. liquidated damages

C. limitation of liability

D. time is of the essence

정답: D

설명: (Fast2test 회원만 볼 수 있음)

문제7

Mark is a consultant who works with building managers and advises them on how to make their buildings safer. What type of insurance should Mark have?

A. Public Liability

B. Professional Indemnity

C. Property Insurance

D. Product Liability

정답: B

설명: (Fast2test 회원만 볼 수 있음)

문제8

Which of the following is not a form of ADR (Alternative Dispute Resolution)?

A. conciliation

B. mediation

C. negotiation

D. arbitration

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제9

When a contract becomes 'crystalised' what does this mean?

A. the contract has been terminated

B. a fundamental breach has occurred

C. a dispute has arisen which qualifies for resolution by adjudication

D. a minor dispute has occurred and has been resolved between the parties

정답: C

설명: (Fast2test 회원만 볼 수 있음)

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