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Project Management Chapter 12 Study Set Comprehensive Questions (Frequently Tested) with Verified Answers Graded A+

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Project Management Chapter 12 Study Set Comprehensive Questions (Frequently Tested) with Verified Answers Graded A+

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Project Management
Chapter 12 Study Set
Comprehensive Questions
(Frequently Tested) with
Verified Answers Graded
A+User [Date] [Course title]

, Contact for further consultation




1. Which of the following is true about a request for quote? Answer: The

bidder that can meet the project quality and schedule requirements usually wins the

contract by quoting the lowest price.

2. A cost-plus contract is typically based on goals or objectives that

are more

. Answer: subjective

3. On larger, more complex projects,

. Answer: the procurement team can consist of work teams within the procurement function with

special expertise in contracting

4. Which of the following is true about fixed price with price

adjustment con- tract? Answer: The most common use of this type of contract is the

inflation adjusted price.

5. Bids Answer: Answer: can be in response to a solicitation or unsolicited.

6. Which of the following is true about partnerships? Answer: In most cases,

the parent organization is aware of weaknesses in the project resources and searches for a

potential partner that has the needed resources.

7. In a , the service provider is allowed an adjustment for economic
2/
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