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1.  Contractual agreements with unions or other employee groups can require certain roles or reporting relationships. This is an example of:

   A) A gating mechanism.
   B) Mandated Resource planning
   C) A constraint that limits the HR planning process.
   D) Politics
   

2.  Many organizations favor fixed-price contracts because the performance of the project is the responsibility of the seller. Which of the following is the characteristic of a firm fixed price contract?

   A) The buyer must precisely specify the number of resources to be used for procurement
   B) The buyer must precisely specify the service or product to be procured
   C) The buyer must precisely specify the time for completing the contract
   D) The buyer must precisely specify the price of the contract
   

3.  A seller was notified that they were one of the selected sellers based on their proposal. The seller immediately circulated an internal newsletter stating that they had just been awarded a large contract for a term of 5 years. Would the newsletter be factually correct?

   A) The newsletter is likely to be factually incorrect. A selected seller is one whose proposal has been accepted and a contract has been completed pending signatures of the authorized parties.
   B) It is likely that the newsletter is factually incorrect. While the seller has been selected for the work, it is unlikely that the term of the project would have been 5 years.
   C) It is likely that the newsletter is factually incorrect. A selected seller is one whose proposal has been judged to be in a competitive range. It does not mean they have been awarded the work.
   D) The newsletter is likely to be factually correct. A selected seller is one who has been awarded a contract based on the procurement process.
   

4.  For many procurement items, the procuring organization can either prepare its own independent estimates or have an estimate of costs prepared by an outside professional estimator. This estimate serves as a:

   A) Potential-cost estimate
   B) Expected-cost estimate
   C) Benchmark estimate
   D) Must-cost estimate
   

5.  The administration team for a buyer is drafting up a contract to award work to an external supplier. They would include verbiage that the contract can be terminated for all of the following reasons except:

   A) For cause
   B) For default
   C) For convenience
   D) For the purpose of the court