QUESTION: 33

A contract clause indicating damages to be recovered in the event of under-performance, with the proposed damages being a genuine pre-estimate of loss, is called a:

Punitive damages clause
Liquidated damages clause
Penalty clause
Unliquidated damages clause

Answer(s): B

Explanation:

Liquidated damages clause.

The QUESTION NO : is pretty much a definition of a liquidated damages clause.

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QUESTION: 34

Win-win style negotiations are said to be:

Collaborative
Cohesive
Coherent
Conducive

Answer(s): A

Explanation:

Win-win negotiations require a collaborative approach.

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QUESTION: 35

Which one of the following is least likely to be a barrier to free trade?

Exchange controls
Subsidies for exporters and internal producers of products
Trading blocs
Embargoes

Answer(s): C

Explanation:

Trading blocs eg EU, EFTA, ASEAN aim to free up trade within the bloc; the other answers of-fered will negatively affect free trade.

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QUESTION: 36

In which year did the United Nations issue the Universal Declaration of Human Rights?

2001
1941
1948
1919

Answer(s): C

Explanation:

1948 is the correct answer: the UN issued the UDHR in 1948, three years after the end of World War 2.

More than 70 years later, we know that in many supply chains, there are individuals' human rights being breached, for example, in modern slavery.

CIPS is strongly opposed to modern slavery, and we should do our utmost to eradicate such prac- tices within our supply chains.

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Free L3M3 Exam Braindumps

QUESTION: 33

Explanation:

QUESTION: 34

Explanation:

QUESTION: 35

Explanation:

QUESTION: 36

Explanation: