1.In a project that involves 4 vendors and one integrator. A seller is working on a cost reimbursable (CR) contract when the buyer decides he would like to expand the scope of services and change to a fixed price (FP) contract. All of the following are the seller s options except: A. Completing the original work on a cost reimbursable basis and then negotiating a fixed price for the additional work. B. Starting over with a new contract. C. Completing the original work and rejecting the additional work. D. Negotiating a fixed price contract that includes the work.

2.Your company is engaged in a project that requires the selection of a software development company to program a key component of your product. Which of the following is the best thing for a project manager to do in the Conduct Procurements process? A. Answer sellers questions about the procurement documents. B. Evaluate risks. C. Select a contract type. D. Perform market research.

7.You have just completed a project that involved a supplier that met all of you project requirements. As part of the records management system, you are trying to make sure all records from the procurement are documented and indexed. Which of the following do you not have to worry about? A. Proposal B. Procurement statement of work C. Negotiations process D. Terms and conditions

8.Your company just won a major contract that did not expect to get until next year. Your company has an emergency and needs contracted work done as soon as possible. Under these circumstances, which of the following would be the most helpful to add to the contract? A. A clear procurement statement of work B. Requirements as to which subcontractors can be used C. A force majeure clause D. Incentives

9.Your purchasing department wants to make sure all the project managers in the company understand the best procurement practices. The head of the procurement department calls you and asks you the following question. During which procurement processes does procurement negotiation occur? A. Plan Procurement Management and Close Procurements B. Control Procurements and Close Procurements C. Conduct Procurements and Close Procurements D. Conduct Procurements and Control Procurements

10.Business is good and your company is busy responding to many inquires from your customers. You are the project manager, and you are in the middle of creating a request for proposal (RFP). What part of the procurement process are you in? A. Plan Procurement Management B. Control Procurements C. Negotiate Contracts D. Conduct Procurements

1. 3.Your company is engaged in a project that requires the selection of a software development company to program a key component of your product. Which of the following is the best thing for a project manager to do in the Conduct Procurements process? A. Answer sellers questions about the procurement documents. B. Evaluate risks. C. Select a contract type. D. Perform market research.
3. Using the data and your own knowledge, evaluate the effectiveness of monetary policy in achieving macroeconomic stability in the UK.
4. Discuss the view that achieving full employment will inevitably cause trade-offs with other macroeconomic objectives.
5. Evaluate whether economic growth will reduce poverty?
6. Compare the effectiveness of supply side and demand side policies to correct deficits on a country's current account of the Balance of Payments
7. Assess the economic effects of a significant increase in taxation on the UK economy
8. Discuss the impact of globalisation on UK economy
9. Both the UK and US balance of payments accounts are recording large deficits on their trade in goods balance. Do such deficits matter?
10. Explain how countries benefit from international trade even though they may produce similar goods and services.
11. Discuss the factors that determine the trade competitiveness of the UK economy.
12. Discuss the importance of promoting free trade through organisations such as the WTO
13. A Government is faced with an unacceptably high level of unemployment, but does not wish to increase its overall expenditure. Discuss alternative policies for reducing unemployment.
14. Explain possible economic reasons for government borrowing.
15. Evaluate the possible problems for the UK economy of increased government borrowing.
16. Explain the possible causes of economic growth.
17. Evaluate the potential impact on the economic growth of the UK economy if it were to adopt the single European currency.
18. Discuss policies to reduce inflationr