High level of power and a high level of interest.
You should hope that in your exam you get such an easy question !

Contract price adjustment.
A contract may contain a contract price adjustment clause if the parties feel that costs may move significantly over the contract period. For example, in respect of commodities, metals, currencies or even sometimes, labour. Normally reference would be made to an index or indices which would help determine the direction and extent of adjustment in a minimally controversial way. An example of a widely-used index / formula in the UK is the BEAMA formula.

Transfer.
Some of the risk has been transferred to the insurance company.

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.

This is true. Profit is what is left over after you've covered all your costs. In simple terms.