SOLUTIONS 2026 GRADED A+
⫸ A hurricane destroying a manufacturing plant is an example of:.
Answer: Force majeure
⫸ Guileless Imports purchased , metal wheels from Annular Supply Co.
under a sale on approval contract. Annular Supply delivered the wheels
to Fraught Freight for shipping to the destination, but the shipping
container sank and all the wheels were lost. Which party bears liability
for the loss?. Answer: The seller is fully liable
⫸ Which of the following is not a requirement of a written contract for
the sale of goods?. Answer: a-A specified quantity
b-Sufficient detail to indicate that a contract for sale has been made
c-The signature of the buying party
D-THE PLACE OF DELIVERY
⫸ The CMBOK suggests that:. Answer: Certification is an indicator of
professional strength
⫸ An Organizational Conflict of Interest exists when:. Answer: The
nature of the work to be performed under a contract may result in an
unfair competitive advantage to the contractor
, ⫸ Which of the following would be considered a characteristic of a
successful knowledge management framework?. Answer: A-GROUPS
OF SUBJECT MATTER EXPERTS CONNECTED THROUGH
TECHNOLOGY.
b-An information repository that is exclusively available to top level
executives.
c-Incorporating training in contract budgets
d-Waiting until the end of a project to record lessons learned and apply
them to the next project.
⫸ Which of the following is not a competency of Guiding Principles?.
Answer: a-Contract Principles
b-Team Dynamics
c-Regulatory Assessment
D-COLLABORATION
⫸ Which of the following describes perfect competition?. Answer:
Many independent buyers; many independent sellers; easy entry to
market; balanced pricing between buyers and sellers.
⫸ Fenway Company verbally agreed to purchase 5 fans from Top Fans
Inc., at the total price of $476.20. Top Fans Inc. delivered two of the
fans but has not delivered the other 3 fans. Fenway paid for the 2 fans
delivered. Which of the following is true?. Answer: Although Top Fans
already delivered, and Fenway accepted, the 2 fans, Top Fans can still