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QUESTION NO: 1
Price can be adjusted on action of an industry-wide contingency that is beyond seller's control is a disadvantage of which contract type?
A. Fixed-price with economic price adjustment
B. Cost-plus-Fixed-fee incentive
C. Firm-variable price
D. Firm-fixed price
Answer: A
QUESTION NO: 2
Procurement planning, solicitation planning, and source selection are all phases of Garrett's contract management model for:
A. Sellers
B. Buyers
C. Project Resource
D. Vendors
Answer: B
QUESTION NO: 3
What is used to process the information about potential sources?
A. Independent system
B. Multiple attributes system
C. Screening system
D. Weighting system
Answer: C
QUESTION NO: 4
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. Risk assessment
D. Advertising
Answer: B
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