Project Management and False Points Earned

Correct
1.
The project procurement management process called Plan Purchases and Acquisition begins by determining which project needs can be fulfilled internally by the project team and which can best be met externally.
A) True
B) False
Points Earned: 1.0/1.0
Correct Answer(s): True

Correct
2.
The project procurement management process called Contract Administration entails completing and settling each contract after any open items or settlements are resolved.
A) True
B) False
Points Earned: 1.0/1.0
Correct Answer(s): False

Correct
3.
A contract is a document signed by the buyer and seller that serves as a legally-binding agreement that defines the terms, conditions, and remedies of the buyer-seller relationship.
A) True
B) False
Points Earned: 1.0/1.0
Correct Answer(s): True

Correct
4.
A Cost-Plus-Fixed- Fee would be one type of a Cost-Reimbursable contract.
A) True
B) False
Points Earned: 1.0/1.0
Correct Answer(s): True

Correct
5.
A Time and Material (T&M) contract is really a hybrid of cost-reimbursable and fixed-price contracts.
A) True
B) False
Points Earned: 1.0/1.0
Correct Answer(s): True

Correct
6.
Outsourcing may be viewed as a more strategic approach, while project procurement management is more tactical.
A) True
B) False
Points Earned: 1.0/1.0
Correct Answer(s): True

Correct
7.
The controversy over outsourcing, especially offshoring, basically centers on the perception that jobs within one country are replaced by lower-wage jobs in another.
A) True
B) False
Points Earned: 1.0/1.0
Correct Answer(s): True

Correct
8.
A large number of organizations have had negative experiences with outsourced projects and are now starting to bring projects back in-house.
A) True
B) False
Points Earned: 1.0/1.0
Correct Answer(s): True

Correct
9.
According to the PMBOK® Guide, Project Procurement Management entails:
A) Contract Management
B) Change