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QUESTION NO: 1
Which of the following is Correct?
A. cost-plus-incentive fee contracts include subjective incentives, in which the profit the seller earns depends on how well the seller satisfies a buyer's objective desires.
B. cost-plus-award fee contracts include objective incentives, in which the profit the buyer earns depends on how well the seller satisfies a buyer's objective desires.
C. cost-plus-award fee contracts include subjective incentives, in which the profit the seller earns depends on how well the seller satisfies a buyer's subjective desires.
D. cost-plus-incentive fee contracts include objective incentives, in which the profit the buyer earns depends on how well the buyer satisfies a seller's subjective desires.
Answer: C
QUESTION NO: 2
The process of ensuring compliance with contractual terms and conditions during contract performance and up to contract closeout or termination is known as:
A. Contract Formation
B. Contract Summary
C. Contract negotiation
D. Contract administration
Answer: D
QUESTION NO: 3
An evolutionary roadmap for implementing the vital practices for one or more domains of organizational processes is called:
A. Capability Maturity Model
B. People Capability Maturity Model
C. Organizational Contract Management
D. Project Management Model
Answer: A
QUESTION NO: 4
The contract negotiation process has which of the phases?
A. Documenting
B. Conducting
C. Planning
D. All of the above
Answer: D
QUESTION NO: 5
Which of the following shows the designated performance area in the subjectively-based and evaluated incentives?
A. Other special incentives
B. Award fees
C. Neither A nor B
D. Both A & B
Answer: D
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Updated: May 24, 2022