13 A contract is legally binding and must comprise all but one of the following:
A legal capacity
B mutual assent
C approved negotiations
D consideration
E legality
C
14 Reaching an understanding of concessions is accomplished in the _____ stage of negotiations.
A protocol
B probing
C scratch bargaining
D closure
E agreement
D
15 A contract originated bilaterally may be developed by _____ .
A quotation request from suppliers
B proposal request
C bid invitation release
D B and C
E All of the above. 来源：www.examda.com
E
16 A legally binding document offered unilaterally is a _____ .
A purchase order
B scope of work description
C contract stipulation
D level of effort proposal
E request for proposal
A
17 Fixed-price contracts place more risk on the _____ .
A owner
B contractor
C seller
D B and C
E All of the above.
D
18 From an operating or functional perspective, there are various objectives of purchasing and materials management. Which is not one of these objectives?
A To buy competitively
B To support company operations with an uninterrupted flow of materials and services
C To develop reliable and effective sources of supply
D To achieve maximum integration with the other departments of the firm
E To attain approval from each department of every purchase
E
19 _____ is a receipt issued by a carrier for merchandise to be delivered to a party at some destination.
A Proforma invoice
B Inspection certificate
C Packing list
D Bill of lading
E None of the above.
D
20 Which is not one of the five classifications of work found in a purchasing operafion?
A Management
B Buying
C Follow-up and expediting 我考网(www．Examda。com)
D Marketing
E Clerical
D

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