CIPS L4M4 LO3 Exam Questions and Answers
what are the legislations of marketplace competition? Correct Ans-- treaty of rome
(section 7)
- competition act 1998
- competition act No 89 of 1998
- competition and consumer act 2010
- the sherman antitrust act
what are the legislations of marketplace competition? Correct Ans-- treaty of rome
(section 7)
- competition act 1998
- competition act No 89 of 1998
- competition and consumer act 2010
- the sherman antitrust act
- the clayton act
- the federal trade commission act
- enterprise act 2002
what are the legislations of product standards? Correct Ans-- consumer right act 2015
- the general product safety regulations 2005
- the general product safety directive 2001/95/EC
- consumer product safety act 2011
what additional acts have to be followed by the public sector? Correct Ans-- the freedom
of information act 2000
- UK public contract regulations 2015
, CIPS L4M4 LO3 Exam Questions and Answers
what is the public interest test? Correct Ans-the test used by public sector organisations to
determine whether or not information should be released to the public when it is requested.
information will not be released if it is not seen to be in the public interest
what is call for competition? Correct Ans-a notice released by the buying organisation
through OJEU to make potential suppliers aware that they may participate in a sourcing
competition in line with the organisations requirements.
what is prior information notice? Correct Ans-a notice released by a buying organisation
through the OJEU to make potential suppliers aware of a sourcing competition that it intends
to run in the future.
what are the key requirements for public sector sourcing by the UK public contract regulations
2015? Correct Ans-- a number of procedures that specify the format of the tender,
including how it is advertise, who is eligible to attend and the information provided by
suppliers before joining the tender
- a process that outlines the stages the buyer must follow when carrying out a tender, from as
early as specifying requirements up until the award of a contract to a successful bidder
- timescales that allow tenderers a suitable amount to compile and submit a tender and
showcase their capabilities
- contract award criteria that outline what the buyer should consider when appriasing the
viability of submitted tenders, ultimately helping it to choose the most suitable one
what is an open procedure for tendering? Correct Ans-any organisation can respond to the
contract notice and submit to tender
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