Question 1

A fixed fee that the seller will earn no matter how its performance is evaluated in known as:

Options :

A : incurred fee

B : award fee

C : period fee

D : base fee

Answer: D

Question 2

______________ is a key ingredient in solicitation planning and in the solicitation document to be developed.

Options :

A : systematic procedure

B : statement of work

C : standard forms

D : expert judgment

Answer: B

Question 3

Procurement planning, solicitation planning and solicitation are activities for buyers for which phase of Contract Management Process?

Options :

A : Pre-award

B : Per-process-award

C : Award

D : Post-award

Answer: A

Question 4

Documentation of any contract management processes is ___________ and ____________ throughout the organization.

Options :

A : Ad hoc and efficient

B : Hostile and managed

C : Ad hoc and hostile

D : Ad hoc and inconsistent

Answer: D

Question 5

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

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