Which of the following is a true statement about Procurement Documents?

Question 1 options:

	Procurement Documents should be structured to facilitate accurate and complete responses from prospective sellers.
	Procurement Documents are used to solicit responses from prospective sellers.
	Procurement Documents may include a copy of the contract type.
	All of the above.

Question 2(4 points)

Which document should a buyer require prospective sellers to sign prior to participating in an RFP?

Question 2 options:

	A contract to not engage in unfair business practices
	A non-compete contract
	A non-disclosure agreement
	A work for hire agreement
	None of the above.

Question 3(4 points)

Project Manager John has a policy of only using experienced, dependable, and proven sellers versus selecting sellers through open competition as a means to manage procurement risk. What risk management technique is John Boy using?

Question 3 options:

	Risk Acceptance.
	Risk Mitigation.
	Risk Transfer
	Risk Avoidance.

Question 4(4 points)

Project Manager Phil is coordinating a conference to allow sellers to obtain clarification on the services that need to be performed. Under what process of Project Procurement Management would this occur?

Question 4 options:

	Confidential Clarification Sessions.
	Plan Procurements
	Plan Purchases and Acquisitions.
	Conduct Procurements

Question 5(4 points)

A procurement manager is closing out a seller contract. Which of the following documents will she need for closure of the contract?

Question 5 options:

	Change requests.
	Documents that describe the product of the project.
	Documents that describe the project status.
	Trend analyses.
	None of the above.

Project Managers need to have an understanding of Project Procurement Management because the ________.

Question 6 options:

	Project Manager procures the products, services, or results required by the project.
	Project Manager must ensure that products, services, or results are procured at the lowest possible cost.
	Project Manager is responsible for defining the needs of the project and for managing the schedule activities of the buyer, who is a part of the project team.
	Project Manager is responsible for the creation of the procurement management plan, which is then turned over to the buyer, who then initiates the Request Seller Responses.

Question 7(4 points)

In PMBOK terms, when sellers are requested to provide responses, the specific means by which the buyer requests the responses is the _____.

Question 7 options:

	Request for Proposal.
	Solicitation.
	Procurement Document Package.
	Request Seller Responses.

Question 8(4 points)

A contract between buyer and seller specifies that a seller must pay $1,000 per day if the seller fails to deliver the materials according to the project schedule. What form of contract remedy is the seller agreeing to here?

Question 8 options:

	Liquidated Damages.
	Bond.
	Equitable Relief.
	Remedial Payment.

Question 9(4 points)

Project Manager Daisy Duke works at a Fortune 100 company and acknowledges that there are some "unknowns" in her procurement statement of work and specifications. Which contract type should Daisy Duke not use?

Question 9 options:

	Time and Materials.
	Cost-Plus-Percentage of Cost.
	Fixed-Price Incentive.
	Cost-Reimbursable.

Question 10(4 points)

Which of the following is a key method that a buyer can use to transfer risk to a seller?

Question 10 options:

	The Delphi Technique.
	Risk Management Plan.
	Contract.
	All of the above.

What is an oral or written act by an authorized agent which can be construed to have the same effect as a written change order?

Question 11 options:

	A Constructive Change.
	Claims Administration.
	Implied Change Order.
	Agent-authorized Change Order.

Question 12(4 points)

Which of the following would not normally be a contract boilerplate item?

Question 12 options:

	Payment terms
	Insurance clause
	Governing law clause
	Price adjustment for currency fluctuations
	Tax clause

Question 13(4 points)

Which of the following is a true statement concerning evaluation criterion that may be found in an RFP?

Question 13 options:

	They can often be found in a Procurement Document.
	They can be objective or subjective.
	They may be limited to purchase price if the product, service, or result is readily available from a significant number of sellers.
	None of the above.
	All of the above.