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NEW QUESTION 29
Which of the following will you put into box 2?
Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated
NEW QUESTION 30
Company X is a large company which is traded on the UK stock exchange. According to the Companies (Miscellaneous Reporting) Regulations 2018- is it obligatory for Company X to follow a Corporate Governance Code?
Explanation:
Explanation
The correct answer is 4 - the policy is 'comply or explain' - basically say which code you follow, or explain (publicly) why you're not following one. See p. 145 for more information on this
NEW QUESTION 31
Khalid is a procurement manager who works at a manufacturing organisation based in the UK. The organisation creates building fabric materials by converting raw materials such as steal into useable items in the construction industry. Khalid sources most of his steal internationally due to competitive prices. On one occasion with his usual supplier, the ship that is carrying the materials sinks due to an unexpected storm.
Which clause would be activated within the contract?
Explanation:
Explanation
this is an example of force majeure. Force majeure is a popular exam topic and comes up in chapter 2.1 p. 66.
A force majeure is when an event, such as a storm, happens which affects the delivery of the contract, but over which neither party has any control.
NEW QUESTION 32
......
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NEW QUESTION 29
Which of the following will you put into box 2?
- A. operational
- B. intellectual property
- C. strategic
- D. environment
Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated
NEW QUESTION 30
Company X is a large company which is traded on the UK stock exchange. According to the Companies (Miscellaneous Reporting) Regulations 2018- is it obligatory for Company X to follow a Corporate Governance Code?
- A. no- but if it doesn't follow a Corporate Governance Code it must explain the reasons why not
- B. yes- all companies in the UK must follow this
- C. no- corporate governance codes are not mandatory
- D. yes- all companies trading on the stock exchange must do this
Explanation:
Explanation
The correct answer is 4 - the policy is 'comply or explain' - basically say which code you follow, or explain (publicly) why you're not following one. See p. 145 for more information on this
NEW QUESTION 31
Khalid is a procurement manager who works at a manufacturing organisation based in the UK. The organisation creates building fabric materials by converting raw materials such as steal into useable items in the construction industry. Khalid sources most of his steal internationally due to competitive prices. On one occasion with his usual supplier, the ship that is carrying the materials sinks due to an unexpected storm.
Which clause would be activated within the contract?
- A. liability clause
- B. force majeure
- C. breach of contract
- D. transportation clause
Explanation:
Explanation
this is an example of force majeure. Force majeure is a popular exam topic and comes up in chapter 2.1 p. 66.
A force majeure is when an event, such as a storm, happens which affects the delivery of the contract, but over which neither party has any control.
NEW QUESTION 32
......