Question 1

The cost-plus-a-percentage-of-cost contract provides for the seller to receive reimbursement for its actual cost and a profit component, called __________, equal to some predetermined percentage of its actual costs.

Options :

A : fee

B : statement

C : penalty

D : None of the above

Answer: A

Question 2

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 3

The technique used to evaluate ______________ is price analysis.

Options :

A : Competitiveness

B : Sources

C : Services

D : Product quality

Answer: A

Question 4

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 5

Which of the following is NOT the risk analysis factor from the buyer's perspective?

Options :

A : Contract delivery schedule

B : Seller offers the lowest price technically acceptable

C : Contract performance period

D : Changing contract requirement

Answer: B