Practice Quiz

PMI PMP Project Management - Question List

Select how would you like to study

Study Mode Free Daily Question Test Mode
86. True or false: Retainage is a fee paid is a fixed sum that a client agrees to pay, in advance, to secure the services of a consultant or freelancer.
  1. True
  2. False
See answer
87. A freak tornado caused damage to a key warehouse during Boris’ vacation in Bora Bora. Boris is concerned over whether his project’s contract covers such a situation. What clause in his Terms and Conditions should John refer to?
  1. Authority
  2. Assignment
  3. Retainage
  4. Force majeure
  5. Intellectual property
See answer
88. Handy Dan is working on a highway project. Handy Dan however subcontracts Manny’s Manos to come and pour cement. When the sponsor shows up he doesn’t like the way the cement is being poured and tells Manny’s guys to stop, but they do not. What contractual concept best addresses the above situation?
  1. Privity
  2. LOI
  3. SLA
  4. SOB
  5. Retainage
See answer
89. Boris hires an outside vendor to maintain their servers. However, he is extremely concerned about uptime. In order to remain profitable, Boris’ company needs to have 99% uptime. Which of the following would be a clause Boris would want to include in the contract to directly address this requirement?
  1. Privity
  2. VC
  3. SLA
  4. CPPF
  5. Retainage
See answer
90.

What is a material breach?

  1. Major contract violation
  2. Using a material other than what was agreed in the contract
  3. Making a payment a week late
  4. A type of incentive
  5. A form of retainage
See answer

Select how would you like to study

Study Mode Free Daily Question Test Mode