Question 1

If the supplier has met all the _____ obligations, including fixing problems and making repairs as noted on the punch list, the project team signs off on the contract and submits it to the accounting department for final payment.

Accepted Answer

The answer of If the supplier has met all the...

Question 2

Outsourcing decisions are sometimes called _____ decisions

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The answer of Outsourcing decisions are sometimes called _____ decisions...

Question 3

A credit check or a financial report from_____-a provider of financial information about individual companies-will provide the project with information about the potential bidder's financial status.

Accepted Answer

The answer of A credit check or a financial report...

Question 4

_____ contracts are most often used when the scope of work or the costs for performing the work are not well known.

Accepted Answer

The answer of _____ contracts are most often used when...

Question 5

Briefly explain a cost reimbursable contract.

Accepted Answer

The answer of Briefly explain a cost reimbursable contract....

Question 6

_____ are standardized financial disclosure documents that conform to the uniform commercial code.

Accepted Answer

The answer of _____ are standardized financial disclosure documents that...

Question 7

List the components of the procurement plan.

Accepted Answer

The answer of List the components of the procurement plan....

Question 8

_____ involves the work processes associated with shortening the time of delivering a product or service.

Accepted Answer

The answer of _____ involves the work processes associated with...

Question 9

What are the types of documents that should be archived?

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The answer of What are the types of documents that...

Question 10

An) _____ typically provides a product or service that is designed for the project.

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The answer of An) _____ typically provides a product or...

Quiz 12: Project Procurement and Closure