Question 1

Which of the following phrases describes a fluty that professionals have to care for the Interests of other carries over their own interests and to not act against the Interests of the other party?

Options :

A : Duty to warn

B : Fiduciary duty

C : Breach of duty

D : Risk reduction duty

Answer: B

Question 2

Which of the following actions cannot be taken by the professional association when It considers applications for the registration of applicants in accordance with the association's Act?

Options :

A : Deny the registration

B : Approve the registration

C : Defer approval of the registration

D : Prevent the applicant from any future registration

Answer: D

Question 3

The fundamental purpose of a contract is to

Options :

A : allocate money among the parties to the contract

B : outline the scope of the project being undertaken

C : provide a basis to make a Judgment in the evert of a conflict

D : allocate obligations, responsibilities, and risk between contract parties

Answer: D

Question 4

A "letter of Intent" can be considered an enforceable contract, provided It:

Options :

A : contains essential terms of a contract.

B : is dated and witnessed by both parties.

C : has been prepared by a legally competent parson.

D : Includes representations and warrants.

Answer: A

Question 5

Which of the following two of the seven steps of a Qualifications-Based Selection (QB5) process for hiring consultants are given in the order in which they should be followed?

Options :

A : Request for Qualifications (RFQ) should be followed by Request for Proposals (RFP).

B : Contract fee should be negotiated prior to Issuing a Request for Qualifications (RFQ).

C : Terms of the contract should be negotiated prior to developing a detailed scope of the project.

D :

Detailed scope of the project should first be defined by the client and then Request for Qualification (RFQ) should be issued.

Answer: A

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