PMP QnS

Which of the following is true about pure risk?

• A. The risk can be deflected or transferred to another party through a contract or insurance policy.

• B. Pure risks involve the chance of both a profit and a loss.

• C. No opportunities are associated with pure risk, only losses.

• D. a and c

A contingency plan is:

• A. A planned response that defines the steps to be taken if an identified risk event should occur.

• B. A workaround

• C. A reserve used to allow for future situations which may be planned for only in part.

• D. a and c

Deflection or transfer of a risk to another party is part of which of the following risk response categories?

• A. Mitigation

• B. Acceptance

• C. Avoidance

• D. Analysis

Management reserves are used to handle which type of risk?

• A. Unknown unknowns

• B. Known unknowns

• C. business risks

• D. pure risks

Which of the following is considered during the Procurement Planning Process?

• A. Whether to procure

• B. How to procure and how much to procure

• C. What and when to procure

• D. all of the above

From a buyer's standpoint, which of the following is true?

• A. Procurement planning should include consideration of potential subcontracts

• B. Procurement planning does not include consideration of potential subcontracts since this is the duty of the contractor.

• C. Subcontractors are first considered during the Solicitation Process

• D. none of the above

Which of the following is true about procurement documents?

• A. Procurement documents are used to solicit proposals from prospective sellers.

• B. Invitation for Bid and Request for Proposal are two examples of procurement documents.

• C. Procurement documents should be structured to facilitate accurate and complete responses from prospective sellers.

• D. all of the above

Which of the following is a method for quantifying qualitative data in order to minimize the effect of personal prejudice on source selection?

• A. Weighting system

• B. Screening system

• C. Selecting system

• D. none of the above

Which of the following are examples of indirect costs?

• A. Salaries of corporate executives

• B. Salaries of full-time project staff

• C. Overhead costs

• D. a and c

Which of the following contract types places the greatest risk on the seller?

• A. Cost-plus-fixed-fee contract

• B. Cost plus-incentive-fee contract

• C. Fixed-price-incentive contract

• D. Firm-fixed-price contract