Difference between revisions of "Introduction to project management/IPM103/Procurement/Contracts quiz"
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Test out what you have learnt in this fun quiz. | Test out what you have learnt in this fun quiz. | ||
| − | * Which of the following contract is most appropriate for a project whose scope is very clear and unlikely to change? | + | * Which of the following contract types is most appropriate for a project whose scope is very clear and unlikely to change? |
**Fixed-Price Contract | **Fixed-Price Contract | ||
***'''Correct''': The contractor provides goods or services at an agreed-on price (regardless of effort applied or delivery date). | ***'''Correct''': The contractor provides goods or services at an agreed-on price (regardless of effort applied or delivery date). | ||
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**Time and Materials Contract | **Time and Materials Contract | ||
***'''Incorrect''': Try again | ***'''Incorrect''': Try again | ||
| − | * Which of the following contract is most appropriate for a project that features high uncertainty and is likely to require numerous adjustments as more information is available? | + | * Which of the following contract types is most appropriate for a project that features high uncertainty and is likely to require numerous adjustments as more information is available? |
**Fixed-Price Contract | **Fixed-Price Contract | ||
***'''Incorrect''': Try again | ***'''Incorrect''': Try again | ||
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**Time and Materials Contract | **Time and Materials Contract | ||
***'''Correct''': The contractor charges an hourly rate for labour, plus the cost of materials, plus a percentage of the total costs. | ***'''Correct''': The contractor charges an hourly rate for labour, plus the cost of materials, plus a percentage of the total costs. | ||
| − | * Which of the following contract is most appropriate for a project whose scope and costs for performing the work are not well known? | + | * Which of the following contract types is most appropriate for a project whose scope and costs for performing the work are not well known? |
**Fixed-Price Contract | **Fixed-Price Contract | ||
***'''Incorrect''': Try again | ***'''Incorrect''': Try again | ||
Latest revision as of 19:41, 12 November 2016
