A potential customer is interested in purchasing a significant number of batches of your flagship product, which
“ will require you to procure additional equipment to fulfill this order. The potential customer sends you a letter of
intent so that your company can get a bank loan to procure the additional equipment, but the bank rejects the loan
application. What is the most likely reason for the rejection?
X A There may be serious credit issues and financial problems with the potential customer.
B Your company may have had financial problems and credit issues within the past year.
c You may not have the authority to request loans for your company.
D D A letter of intent is not a legal document.
' You are in a meeting with several potential sellers for an agile project. Most likely, which meeting is this?
A Stakeholders' status meeting
¢ B Iteration review
C :] Bidder's conference
D Release planning
Which of the following tools would you utilize to look for potential vendors to discuss the project and receive
proposals from?
A Proposal evaluation
B RFP
1 ¢ D Advertising
D Procurement management plan
In which of the following situations will a force majeure clause apply? (Choose two.)
A D A sudden tornado touches down in the area.
B The country has gone into a recession.
(6 Material prices have increased in the area.
D D There is rioting in the area.
‘| E The vendor's subcontractor delays shipment of raw materials, which you have no control over.
F The area deals with poor economic conditions.
, Which of the following is not an advantage of centralized contracting?
A PM spends less time on procurement activities
B Departmental expertise
C Standardized procedures
D Project dedicated procurement resources
You have hired a vendor to perform certain activities on your project. Which of the following is not true regarding
early termination?
A Your vendor can terminate the contract for cause.
B You can terminate the contract by mutual agreement.
c You can terminate the contract for convenience.
D D Your vendor can terminate the contract for convenience.
You have decided to outsource the work and sign a CPPC contract with a vendor. What will be your biggest
concern throughout the project?
A Vendor's access to proprietary information
B Schedule
C D Cost
D Vendor's expertise
You have decided to outsource an activity to a preferred vendor. Which of the following is true?
A This is known as sole source contracting.
B This is a proposal evaluation.
Cc This is known as single source contracting.
D This is a make or buy analysis.
“ will require you to procure additional equipment to fulfill this order. The potential customer sends you a letter of
intent so that your company can get a bank loan to procure the additional equipment, but the bank rejects the loan
application. What is the most likely reason for the rejection?
X A There may be serious credit issues and financial problems with the potential customer.
B Your company may have had financial problems and credit issues within the past year.
c You may not have the authority to request loans for your company.
D D A letter of intent is not a legal document.
' You are in a meeting with several potential sellers for an agile project. Most likely, which meeting is this?
A Stakeholders' status meeting
¢ B Iteration review
C :] Bidder's conference
D Release planning
Which of the following tools would you utilize to look for potential vendors to discuss the project and receive
proposals from?
A Proposal evaluation
B RFP
1 ¢ D Advertising
D Procurement management plan
In which of the following situations will a force majeure clause apply? (Choose two.)
A D A sudden tornado touches down in the area.
B The country has gone into a recession.
(6 Material prices have increased in the area.
D D There is rioting in the area.
‘| E The vendor's subcontractor delays shipment of raw materials, which you have no control over.
F The area deals with poor economic conditions.
, Which of the following is not an advantage of centralized contracting?
A PM spends less time on procurement activities
B Departmental expertise
C Standardized procedures
D Project dedicated procurement resources
You have hired a vendor to perform certain activities on your project. Which of the following is not true regarding
early termination?
A Your vendor can terminate the contract for cause.
B You can terminate the contract by mutual agreement.
c You can terminate the contract for convenience.
D D Your vendor can terminate the contract for convenience.
You have decided to outsource the work and sign a CPPC contract with a vendor. What will be your biggest
concern throughout the project?
A Vendor's access to proprietary information
B Schedule
C D Cost
D Vendor's expertise
You have decided to outsource an activity to a preferred vendor. Which of the following is true?
A This is known as sole source contracting.
B This is a proposal evaluation.
Cc This is known as single source contracting.
D This is a make or buy analysis.
