Managing Decentralized Projects MCQs

Managing Decentralized Projects MCQs

Our experts have gathered these Managing Decentralized Projects MCQs through research, and we hope that you will be able to see how much knowledge base you have for the subject of Managing Decentralized Projects by answering these multiple-choice questions.
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1: Which statement is correct about Coordinating Contract?

A.   An award or bonus tied to a performance objective or accomplishment.

B.   A contract that maximizes the value of the overall project.

C.   Homogeneity Alike means similar characteristics and thought processes.

D.   None of these

2: The client reimburses the contractor for some (or all) of the audited costs when the contractor’s work is completed is also known as :

A.   Cost-reimbursable contract

B.   Decentralized Project

C.   Incentive Contract

D.   None of these

3: Describes a project where some (or all) of the work is outsourced to independent contractors is called _____________ .

A.   Decentralized Project

B.   Fixed-Price Contract

C.   Incentive Contract

D.   None of these

4: Fixed-Price contract is the client and contractor agree on a fixed amount at the beginning of the task or project for the specified work also referred to :

A.   Forward contracts

B.   Incentive Contract

C.   Information Asymmetry

D.   None of these

5: A contract based on a stated due date. If the contractor completes the project before the due date, she receives a bonus payment is known as :

A.   Forward contracts

B.   Incentive Contract

C.   Information Asymmetry

D.   None of these

6: Information asymmetry means lack of information sharing between two or more parties.

A.   True

B.   False

7: Refers to possible changes in behavior that result from the type of implemented contract.

A.   Performance-Based Contract

B.   Request for Bid (RFB)

C.   Moral Hazard

D.   Optional-Scope Contract

8: Which statement is correct about Optional-Scope Contract?

A.   A contract between a client and a contractor that specifies a fixed duration and budget

B.   The scope of the project is only generally indicated but not required as part of the contract

C.   Both

D.   None of these

9: Performance-Based Contract is the contractor will operate or maintain the completed project for a specified time following the completion of the project also known as:

A.   Request for Proposal (RFP)

B.   Request for Bid (RFB)

C.   DBOM (design build operate maintain) contract

D.   None of these

10: The bid factors only time and costs; also known as request for quotes (RFQ) is called _________.

A.   Request for Proposal (RFP)

B.   Request for Bid (RFB)

C.   DBOM (design build operate maintain) contract

D.   None of these

11: ____________ is a formal request to contractors for bidding on a project that specifies a high-level overview of specifications and requirements and outlines precise criteria for evaluation and selection.

A.   Request for Proposal (RFP)

B.   Request for Bid (RFB)

C.   DBOM (design build operate maintain) contract

D.   None of these

12: Time and Materials Contract (T&M Contract) is the client reimburses the contractor at a pre negotiated rate plus the cost of all materials.

A.   True

B.   False

13: The client commits to a fixed price for a prespecified unit of work is known as:

A.   Units Contract

B.   Request for Proposal (RFP)

C.   Request for Bid (RFB)

D.   None of these