At its simplest, acquisition management can be viewed as:
Select one:
a. inventory management plus contract management
b. operations management plus contract management
c. project management plus contract management
d. project management plus operations management

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

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

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