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Bus 375 Wk 11 Chapter 19,20 Quiz - All Possible Questions

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BUS 375 WK 11 Chapter 19,20 Quiz - All Possible Questions

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BUS 375 WK 11 Chapter 19,20 Quiz - All Possible Questions

CHAPTER 19:

(E)     1.     Bidder conferences are used to:
      A.     Answer questions about the project prior to submittal of proposals
B.   Answer questions about the project after contract award
C.   Debrief the bidder on their performance after completion of the contract
D.   Solicit pricing information from the bidders on proposed scope changes


(M)     2.     During contract negotiations, the goal of the buyer is to:
A.   Get the seller to accept the greatest risk
      B.     Get the highest quality result for the lowest price
C.   Get the seller to agree to scope changes at no cost to the buyer
D.   Try to get the least amount of work done at the lowest price


(M)     3.     During contract negotiations, the goal of the seller is to:
A.   Get the buyer to accept the greatest amount of risk
B.   Get the largest possible profit margin regardless of the risk
C.   Get the largest possible price for the contract
      D.     Negotiate a contract where the profit margin is commensurate with the risk the contractor is expected to incur


(E)     4.     Which of the following contract types has the greatest risk with the buyer?
A.   Cost sharing
      B.     Cost-Plus-Incentive-Fee
C.   Firm-Fixed-Price
D.   Fixed-Price-Incentive-Fee


(M)     5.     Which of the following contract types has the greatest risk with the seller?
A.   Cost sharing
B.   Cost-Plus-Incentive-Fee
      C.     Firm-Fixed-Price
D.   Fixed-Price-Incentive-Fee


(M)     6.     _____ source contracting is when multiple suppliers exist but only one is selected to receive the contract
A.   Preferred
B.   Sole
      C.     Single
D.   Surety


(M)     7.     _____ source contracting is when there exists...

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