The acceptable quality level (AQL) Select one: a. defines the minimum acceptable performance of a requirement b. is a key component of the statement of work c. must lie within 3-sigma of the mean d. goes against the basic precepts of quality management, since it focuses only on what is acceptable and not on what is best

When an employee produces an invention as part of her job: Select one: a. ownership of the patent for the invention is assigned to her b. ownership of the patent for the invention is assigned to the employer c. her employer is given a compensatory title as the inventor d. her employer is designated both as inventor and patent owner because she used company resources and time to produce the invention

An important function of benefit-cost analysis is that it allows us to prioritize bids to see which are worthy of winning a contract award. Select one: a. true b. false

Collection of a down payment fee in technology licensing is used when: Select one: a. dealing with a licensee who is not economically sound b. dealing with exclusive license contracts c. dealing with non-exclusive license contracts d. it is difficult to access the licensee's "honest" books

Quality control is an aspect of contract administration. Select one: a. true b. false

In submitting proposals in response to an RFP, it is important that the bidder provides the following kinds of information: who will carry out the effort, what the bidder's capabilities are, and how much it will cost to engage in the proposed effort. Select one: a. true b. false

What is the purpose of the bidders' conference? Select one: a. To enable the buyer to interact with successful bidders b. To enable the buyer to negotiate price with successful bidders c. To enable management to review bids that have been received by the buyer d. To enable the buyer to meet with prospective sellers prior to preparation of a proposal to ensure that all prospective sellers have a clear, common understanding of the procurement

A difference between an RFP and an IFB is that with an RFP: Select one: a. sealed bids are tendered and opened publicly at one time b. there may be no negotiations between buyer and supplier c. a request is made for bids whose terms eventually may be negotiated d. the objective is to request quotations