Question 1

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

Options :

A : True

B : True

Answer: A

Question 2

The technique used to evaluate ______________ is price analysis.

Options :

A : Competitiveness

B : Sources

C : Services

D : Product quality

Answer: A

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

What can be something of value, or it can be promising to do something not required by law or promising to refrain from doing something permitted by law?

Options :

A : Irrevocability

B : Acceptance

C : Consideration

D : Consideration

Answer: C

Question 5

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