Question 1

Contract incentives are often used when the buyer wants to maximize some aspect of performance,such as finishing the project early or providing a higher level of quality.

Accepted Answer

A) True 
 B)False

Question 2

A contract is a unilateral document that obligates the seller to provide specified products and services under terms agreeable to the buyer.

Accepted Answer

A) True 
 B)False

Question 3

Evaluations of prospective suppliers by project teams often involve all of the following approaches EXCEPT:

Accepted Answer

A)   financial condition analysis
B)   facility visits
C)   supplier surveys
D)   prototypingE) All of the above
F) A) and B)

Question 4

Supply chain management focuses exclusively upon the parties directly involved in providing supplies to the project team.

Accepted Answer

A) True 
 B)False

Question 5

All of the following accurately describe the features and characteristics of a contract EXCEPT:

Accepted Answer

A)   A contract binds both the seller and the buyer.
B)   A contract obligates the seller to provide a specified product or service.
C)   A contract obligates the buyer to pay for a specified product or service.
D)   The project organization is always a buyer in a contract arrangementE) None of the above
F) A) and B)

Exam 12: Project Supply Chain Management

Contract incentives are often used when the buyer wants to maximize some aspect of performance,such as finishing the project early or providing a higher level of quality.

Correct Answer
verified

A contract is a unilateral document that obligates the seller to provide specified products and services under terms agreeable to the buyer.

Correct Answer
verified

Evaluations of prospective suppliers by project teams often involve all of the following approaches EXCEPT:

Correct Answer
verified

All of the following accurately describe the features and characteristics of a contract EXCEPT:

Correct Answer
verified

Supply chain management focuses exclusively upon the parties directly involved in providing supplies to the project team.

Correct Answer
verified

Exam 12: Project Supply Chain Management

Contract incentives are often used when the buyer wants to maximize some aspect of performance,such as finishing the project early or providing a higher level of quality.

Correct AnswerverifiedShow Answer

A contract is a unilateral document that obligates the seller to provide specified products and services under terms agreeable to the buyer.

Correct AnswerverifiedShow Answer

Evaluations of prospective suppliers by project teams often involve all of the following approaches EXCEPT:

Correct AnswerverifiedShow Answer

All of the following accurately describe the features and characteristics of a contract EXCEPT:

Correct AnswerverifiedShow Answer

Supply chain management focuses exclusively upon the parties directly involved in providing supplies to the project team.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified