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WorksheetsPMP QnS
Total questions: 10
Worksheet time: 5mins
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
