Question 1

Which three types of evaluation standards express values?

Options :

A : absolute, minimum and relative

B : absolute, maximum and relative

C : risk, minimum and relative

D : absolute, maximum and productivity

Answer: A

Question 2

A body of law that is created by acts of legislature is known as:

Options :

A : Contractual law

B : Commercial act

C : Civil law

D : Legal framework

Answer: C

Question 3

A relationship between buyer and seller defined by an agreement about their respective rights and responsibilities is called:

Options :

A : Contract

B : Deal

C : Concurrence

D : Union

Answer: A

Question 4

Which of the following is NOT the step in the process for performing the risk and assessment?

Options :

A : select version and complete survey

B : evaluate performances

C : evaluate opportunity

D : Mapping risk to matrix

Answer: B

Question 5

Changes are an inevitable part of contracting, because no one can predict the future with perfect accuracy.

Options :

A : True

B : True

Answer: A

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