25 (0.2 points) In an ITB, negotiations with bidders are encouraged to ensure the best value for the buyer. Question 25 options: True False Question 26 (0.2 points) In an RFP, the focus is primarily on the qualifications and experience of bidders. Question 26 options: True False Question 27 (0.2 points) In RFP procurement, the contract is usually awarded to the bidder who offers the highest quality. Question 27 options: True False Question 28 (0.2 points) In RFP procurement, pre-qualification of bidders is a common practice. Question 28 options: True False Question 29 (0.2 points) An RFP may involve sealed bids that are opened in a public bid opening session. Question 29 options: True False Question 30 (0.2 points) In RFP procurement, the evaluation committee has the flexibility to adjust the evaluation criteria during the process. Question 30 options: True False Question 31 (0.2 points) In a procurement plan, "T&M" stands for "Tools and Materials." Question 31 options: True False Question 32 (0.2 points) In a procurement plan, "MRO" stands for "Master Request for Offer." Question 32 options: True False Question 33 (0.2 points) In the procurement plan, "MOU" stands for "Management Oversight Unit." Question 33 options: True False Question 34 (0.2 points) In a procurement plan, "SLA" refers to "Service-Legal Agreement." Question 34 options: True False Question 35 (0.2 points) : In a procurement plan, "CAPEX" refers to "Capital Expansion." Question 35 options: True False Question 36 (0.2 points) In a procurement plan, "OTD" refers to "On-Task Delivery." Question 36 options: True False Question 37 (0.2 points) In a procurement plan, "IFB" stands for "Immediate Fulfillment of Bid." Question 37 options: True False Question 38 (0.2 points) In a procurement plan, "FCO" stands for "Final Contract Obligation." Question 38 options: True False Question 39 (0.2 points) In the procurement plan, a cost-reimbursable contract is the least risky option for the buyer. Question 39 options: True False Question 40 (0.2 points) A procurement plan should never involve stakeholders outside of the project team. Question 40 options: True False Question 41 (0.2 points) The procurement plan should outline a process for supplier performance feedback and improvement. Question 41 options: True False Question 42 (0.2 points) Saved A procurement plan should explicitly state that the lowest-cost supplier will always be selected. Question 42 options: True False Question 43 (0.2 points) Supplier risk assessment should only focus on direct suppliers and not their subcontractors. Question 43 options: True False Question 44 (0.2 points) Contract management is a risk mitigation strategy that primarily addresses operational risks. Question 44 options: True False Question 45 (0.2 points) E-procurement systems can completely eliminate procurement risks. Question 45 options: True False Question 46 (0.2 points) Vendor-managed inventory (VMI) increases the risk of overstocking. Question 46 options: True False Question 47 (0.2 points) Supplier diversification can reduce the risk of supply chain disruptions. Question 47 options: True False Question 48 (0.2 points) A force majeure clause in a contract covers unforeseeable events. Question 48 options: True False Question 49 (0.2 points) A sole-source supplier is considered a lower procurement risk compared to multiple suppliers. Question 49 options: True False Question 50 (0.2 points) Saved Procurement risk assessment primarily focuses on cost-related