mCQ QUESTION ANSWER

1. Choose a key output from the Plan Procurement Management Phase from the following options? a Agreements b. Selected Seller c. Close Procurement d.Procurement Strategy

Question 2Marlene has interviewed several vendors to work on a new project. After meeting with the project sponsor, Marlene has sent a letter of intent to the Delight Corporation. What does this mean?

a.Marlene intends to fire the Delight Corporation

b. Marlene intends to buy from the Delight Corporation c. Marlene intends to sue the Delight Corporation d. Marlene intends to bid on a job from the Delight Corporation

3. As the project manager for the Hansen Construction Project, Nellie has contracted a portion of the project to Selby Construction Company. If Selby completes their portion of contracted work by February 15, they'll get a generous bonus. What is this an example of? a.A project requirement b.A project goal c. Afixed-price contract d.A project incentive

Question 4 Whalid is a project manager considering the marketplace and how it could affect pricing on the procured portion of his project. In his market, Whalid finds there is only a single-source seller. What does this mean?

a.There is only one qualifed seller b.There is only one seller the company wants to do business with c.There is only one seller in the market. d.There is a seller that can provide all aspects of the project procurement needs.

5. Benjamin, as the project manager of the Landmark Project, is considering proposals and contracts presented by vendors for a piece of the project work. Which contract is least dangerous to the Landmark Project? a.Cost plus fixed fee b.Cost plus incentive fee c.Cost plus a percentage of cost d.Fixed-price

6.Harriet is the project manager of the Bergdorf Project. She's asking a vendor to come up with one price to do all the detailed work. What type of document does Harriet need? a.A request for information b.A proposal c.A request for proposal d.An invitation for bid 7.Ballard is the project manager for the ENK Company. He and his project stakeholder are working together to discuss the pros and cons of different contract types for a portion of the project. Which of the following requires the seller to be responsible for the risk of cost overruns? a.Lump sum b.Time and materials c.Cost plus incentive fee d.Cost plus fixed fee 8.Alayna is the project manager of the FOX Project. To purchase a specific piece of equipment for the project, the accounting manager has informed Alayna that she needs a unilateral form of contract. The accounting manager is referring to which of the following? a,A legally binding project b,.An invoice from the vendor c.Purchase order d.The SOW 9.In Monica's company, all project managers are required to keep a record of performance quality ratings, delivery performance, and contractual compliance of each vendor they interact with. What is this known as? a.Procurement selection b.An incentive contract c.A seller rating system d.A requirement 10.As project manager of the Monaco Project, Eva has hired an independent contractor, Joe, for part of the work. Joe is charging a rate of $95 per hour, plus the cost of materials. Which one of the following is this an example of? a.Unit price b.Cost plus fixed fee c.Lump sum d.Time and Materials