Bids & Contracts (CMCA Test Preparation) questions with correct answers

TRUE CORRECT ANSWER TRUE OR FALSE: A contract is an agreement between two or more parties, enforceable by law, by which each party promises to do, or not do, something. d. retirement plan contributions CORRECT ANSWER When deciding whether to have staff members or a contractor perform a task, a manager should consider each of the following EXCEPT: a. supervision b. expertise c. number of people d. retirement plan contributions TRUE CORRECT ANSWER TRUE OR FALSE: When deciding whether to have staff members or a contractor perform a task, a manager should consider where tools, equipment and supplies will be stored -- and the liability involved. 1. b - Also known as request for proposal (RFP). 2. e 3. d 4. a 5. c CORRECT ANSWER MATCH: 1. An announcement that an organization is interested in receiving proposals for a particular project.