FULL QUESTIONS AND CORRECT ANSWERS
⩥ Scope Answer: Which core contract element addresses what the
contract is about?
⩥ When was the contract agreed? Answer: Which of the following is
NOT one of the four core elements of a contract?
⩥ 1,3,4 Answer: Which of the following may be incorporated into the
contract? 1.) bid documents 3.) Letters, change orders and specifications.
4.) SOWs, SLAs, RFP, procedures and prices
⩥ The bid, negotiation and implementation teams Answer: Who should
be involved in the formal contract hand over meeting?
⩥ Keep Satisfied Answer: A stakeholder group with a low level os
impact and a high level of dependence on an outcome is represented as
which group type for communication purposes?
⩥ Stay informed and maintain confidence Answer: By understanding
projects on a stakeholders radar screen, you will
,⩥ Build awareness Answer: If you are unlikely to be impacted by a
contract and you have little importance towards it then you are most
likely to be categorized as which type of stakeholder?
⩥ Both 1 and 2 Answer: What should be considered when identifying a
stakeholders important issues? 1.) What programs they have in the near
future. 2.) What they consider to be a risk.
⩥ A very complex project may require a more segmented approach to
evaluation. This is called a..? Answer: Two cycle evaluation
⩥ What are intangible evaluation criteria? Answer: Factors that rely on
organizational culture and behavior
⩥ When embarking on a long term project, which of the following is
often not given adequate consideration at the proposal evaluation stage?
Answer: The suppliers cultural compatibility with the buyer
⩥ When is the earliest you can begin to define the evaluation matrix for
an RFP Answer: Prior to drafting the RFP
⩥ What is the name of the bid evaluation approach that requires a
supplier to achieve a satisfactory level on specific evaluation criteria?
Answer: Hurdle
, ⩥ Above what value does the uniform commercial code in the USA
require contracts to be in writing? Answer: US $500
⩥ Of the following, which is the best time to address dispute resolution
procedures? Answer: Procedures should be agreed at the beginning of
negotiations.
⩥ What do cross-border contracts involving countries who have signed
up to the UN convention on contracts for the international sale of goods
(CISG) provide? Answer: CISG automatically applies unless specifically
excluded.
⩥ What effect does the UN convention on contracts for the international
sale of goods (CISG) have on stating a time limit in which the offer must
be accepted? Answer: Creates an irrevocable offer
⩥ Which of the following statements about offer termination is
true/false? 1.) Offers may not be terminated once they have been made,
and 2.) Offers may only be terminated using the same method by which
the offer was made. Answer: Only 2 is true.
⩥ Of the following, which timing for the preparation and signing of a
NDA will best protect both customer and suppliers interests? Answer:
When RFI documents are issued