17.A contract becomes a legally enforceable agreement only if:

Select one:

A. The buyer request a quotation from the supplier

B. The buyer makes an offer and supplier accepts it

C. When the buyer decides there are no other options but to go with the only available supplier

18.A fixed price contract may NOT be suitable for a projects involved in achieving unique technological breakthroughs mainly depending on:

Select one:

A. Uncertainties attached with the project deliverables due to technological challenges

B. The number of organisations involved in the project

D. Unilateral nature of the contract

19.Project procurement decisions such as what resources are required, what resources can be acquired from within the project organisation and what resources should be acquired from sources outside the project organisation are generally considered as part of:

Select one:

A. contract development.

C. make-or-buy analysis.

D. supplier analysis and evaluation

20.A project manager is required to buy a video conferencing system for project communication. There are several vendors who are specialised in importing and distributing video conferencing systems. The project manager needs to know about the possible options available , their potential advantages and prices. A more appropriate methodology to achieve this information requirement would be to:

Select one:

B. Request for quotes

C. Request for information

D. Request for tender