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Free L3M1 Exam Braindumps (page: 11)

Page 10 of 23
PDF with 90 Questions

The y-axis of the Product Life Cycle could properly show the following (select all that apply):

  1. Losses
  2. Profits
  3. Sales

Answer(s): A,B,C

Explanation:

The vertical axis (the y-axis) of the product life cycle diagram could correctly show all three, and might commonly show losses and / or investment in the early stage(s).



The Paris Agreement is about:

  1. Climate change
  2. European free trade
  3. Taxation on fashion houses
  4. Rail freight rates

Answer(s): B

Explanation:

In 2015 an agreement was reached in Paris, France among most world nations to try to limit climate change and its effects.
The other answers shown are simply fictions.



Under a contract with a price adjustment clause, which of the following would commonly be grounds for price adjustment (depending on the precise contract terms)?

  1. Quality problems brought about by supplier's haste to complete the contract to aid their cashflow
  2. Substantially escalating materials costs
  3. Exchange rate fluctuations
  4. Desire by shareholders to have increased profits

Answer(s): B,C

Explanation:

Exchange rate fluctuations and escalating materials costs can both substantially impact on a contract price.
Where a contract has been drafted to allow for it, the price may be adjusted in line with some pre-agreed mechanism or formula to make the price paid more equitable. Quality problems of the supplier's own making and shareholders seeking extra profit - neither being uncommon - are not seen as being grounds for adjusting price (upwards). I should mention that price adjustment clauses can result in prices being adjusted either upwards or downwards, or not at all, depending on circumstances.



An organisation is...

  1. A social arrangement for the controlled performance of collective goals
  2. A collection of social people controlling performance of arranged goals
  3. A social arrangement for the collective performance of controlled goals

Answer(s): A

Explanation:

Social arrangement because it involves people; they have a collective goal eg to be a profitable or- ganisation; and their performance must be controlled to work towards or to achieve that goal / those goals.






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