Contract closure by mutual agreement or breach of contract is called contract closeout.
A. True
B. False
Changes are an inevitable part of contracting, because no one can predict the future with perfect accuracy.
A. True
B. False
A progress report from many observers, and technical reviews and audits is called:
A. Direct observation
B. Indirect observation
C. Contractual audit
D. Change observation
Generally, observing and collecting information cover which three categories of concern?
A. compliance, cost control and schedule control
B. cost control and schedule control, risk control
C. compliance, cost control and performance
D. compliance, change control and risk control
The process of ensuring that each party's performance meets contractual requirements is known as:
A. Contract management
B. Contract negotiation
C. Contract administration
D. Contract formation
Which of the following is the key policy of contract administration?
A. compliance with contract terms and conditions
B. effective control of contract changes
C. effective resolution of claims and disputes
D. All of the above
What describes the seller's reasons for its decision on whether to bid on a particular project?
A. Bid proposal
B. Opportunity assessment
C. Justification document
D. Solicitation
Post-sale is the process of identifying business opportunities, determining customer needs and plans, and evaluating the competitive environment.
A. True
B. False
In presale activity, what is the tool used to convert determination of customer needs input into customer-focused sales plan output?
A. Competitive analysis report
B. Market research
C. Advertising
D. Risk assessment
The meetings with prospective sellers before they prepare their proposals are called:
A. Bidder's conferences
B. seller's conferences
C. procurement conferences
D. Agenda
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