L4M3 - CIPS: Commercial Contracting - Question & Answer Past exam questions Study Questions and Answers 100% || Graded A, Latest (2024) || Certified!!!

Ad-Hoc Purchase - An item bought for a single and non-recurring use or purpose Alternative Dispute Resolution (ADR) - Any method of resolving a dispute between two parties which does not involve court action, including escalation to higher levels of authority, mediation, adjudication and arbitration Articles of Incorporation - The legal document creating a commercial company and setting out its purpose Base Year - The starting point for an index, at which point the index is set to 100 Battle of the Forms - A series of forms such as orders, delivery notes, etc., issued in sequence by purchaser and supplier, each containing terms that appear to override those on the previous document Bespoke - Made or provided especially for a specific end user Bribery - The promise, offer or giving