Practice Quiz

PMI PMP Project Management - Question List

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81. While working on a high-profile project at Paper Jungle Inc., Joel is confronted with a dilemma. Should they buy a new high-speed, color printer to produce some highly sensitive corporate materials for the company or should they lease a printer? What would be the best reason for Joel to use when proposing they buy the printer?
  1. The lease cost would be identical to the purchase cost after 10 years.
  2. The purchase cost is ten times more than the lease cost.
  3. They could retain more control over the printed materials.
  4. The purchase and lease cost are equal.
  5. None of these are good reasons.
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82. Company T is seeking services with a vendor that will upgrade the look of its Performance Statements for its few remaining high net worth clientele. The vendor is proposing a stylized statement design along with the following contract terms - Company T will reimburse the vendor for some new software, plus a $25,000 fee regardless of how long the project takes. What type of contract is this?
  1. Cost plus award
  2. Cost plus fixed fee
  3. Cost plus incentive fee
  4. Time and material
  5. Fixed price with economic price adjustment
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83. Ted is negotiating a 10 year contract with the US government to provide educational services. The government wants a fixed price project. However, Ted is extremely concerned about the possibility of inflation given the increase in government spending. Ted should suggest what time of contract?
  1. Fixed price with incentive fee
  2. Cost plus fixed fee
  3. Cost plus incentive fee
  4. Time and material
  5. Fixed price with economic price adjustment
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84. Eric is heading an engineering project and is in the midst of deciding which type of contract statement of work he will use. Which type is not available to him?
  1. Performance
  2. Functional
  3. Design
  4. RFP
  5. All of the above
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85. When procurement documents are prepared with care, what is the least typical result?
  1. It’s easy to compare documents from various sellers
  2. It typically results in the buyer asking for more clarification on pricing
  3. It lessens the necessity for change requests
  4. The buyer can make a quick decision
  5. All of the above
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