Question 1:
(a) A procurement cycle displays all the stages involved in procurement of goods and services. In brief explain any TEN (10) stages in the procurement cycle.
(b) What do you understand by specification of goods?
(c) Explain FIVE (5) characteristics of specifications of goods.
Question 2:
Elaborate on FIVE (5) requirements that should be agreed upon between a buyer and a seller before a contract is awarded.
Question 3:
Write on FIVE (5) ways in which buyers can act ethically when dealing with suppliers of goods and services.
Question 4:
Explain the following terms:
(a) Express term
(b) Implied term
(c) Condition
(d) Warranty
(e) Liquidated damages