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10 Cards in this Set
- Front
- Back
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What is the top reason for global outsourcing of IT services?
a. cost reduction b. a shortage of qualified personnel c. decreasing time to market d. increasing revenues |
b: a shortage of qualified personnel
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Your organization hired a specialist in a certain field to provide training for a short period of time. Which reason for outsourcing would this example fall under?
a. reducing costs b. allowing the client organization to focus on its core business c. accessing skills and technologies d. providing flexibility |
c: accessing skills and technologies
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In which project procurement management process is an RFP often written?
a. planning procurement management b. conducting procurements c. controlling procurements d. selecting sellers |
a: planning procurement management
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An item you need for a project has a daily lease cost of $200. If you decide to purchase the item, the investment cost is $6,000 and the daily cost is $100. After how many days will the lease cost be the same as the purchase cost?
a. 30 b. 40 c. 50 d. 60 |
d: 60
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Which type of contract has the least amount of risk for the buyer?
a. fixed-price b. cost plus incentive fee (CPIF) c. time and material d. cost plus fixed fee (CPFF) |
a: fixed-price
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The ___________ is the point at which the contractor assumes total responsibility for each additional dollar of contract cost.
is the point at which the contractor assumes total responsibility for each a. breakeven point b. Share Ratio Point c. Point of Reconciliation d. Point of Total Assumption |
d: Point of total assumption
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If your college or university wanted to get information from potential sellers for providing a new sports stadium, what type of document would be required of the potential sellers?
a. RFP b. RFQ c. proposal d. quote |
c: Proposal
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Buyers often prepare a manageable ________ list when selecting a seller to make the process more manageable.
a. preferred b. short c. qualified suppliers d. BAFO |
b: short
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A proposal evaluation sheet is an example of a(n) _________.
a. RFP b. NVP analysis c. earned value analysis d. weighted scoring model |
d: weighted scoring model
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____________ is a term used to describe various procurement functions that are now done
electronically. a. E-procurement b. eBay c. E-commerce d. EMV |
a: E-procurement
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