{"id":5241,"date":"2023-02-27T02:24:46","date_gmt":"2023-02-27T02:24:46","guid":{"rendered":"https:\/\/course.oeru.org\/ipm103\/?page_id=5241"},"modified":"2023-02-27T02:24:46","modified_gmt":"2023-02-27T02:24:46","slug":"contracts-quiz","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/ipm103\/learning-pathways\/procurement\/contracts-quiz\/","title":{"rendered":"Contracts quiz"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\"><div class=\"panel iDevice WEquizMultipleChoice WEquizMix\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"assessment\" src=\"https:\/\/course.oeru.org\/ipm103\/wp-content\/themes\/oeru_course\/idevices\/Icon_qmark.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Quiz<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p>Test out what you have learnt in this fun quiz.\n<\/p>\n<ul>\n<li> Which of the following contract types is most appropriate for a project whose scope is very clear and unlikely to change?\n<ul>\n<li>Fixed-Price Contract\n<ul>\n<li><b>Correct<\/b>: The contractor provides goods or services at an agreed-on price (regardless of effort applied or delivery date).\n<\/li>\n<\/ul>\n<\/li>\n<li>Cost-Reimbursable Contract\n<ul>\n<li><b>Incorrect<\/b>: Try again\n<\/li>\n<\/ul>\n<\/li>\n<li>Time and Materials Contract\n<ul>\n<li><b>Incorrect<\/b>: Try again\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li> Which of the following contract types is most appropriate for a project that features high uncertainty and is likely to require numerous adjustments as more information is available?\n<ul>\n<li>Fixed-Price Contract\n<ul>\n<li><b>Incorrect<\/b>: Try again\n<\/li>\n<\/ul>\n<\/li>\n<li>Cost-Reimbursable Contract\n<ul>\n<li><b>Incorrect<\/b>: Try again\n<\/li>\n<\/ul>\n<\/li>\n<li>Time and Materials Contract\n<ul>\n<li><b>Correct<\/b>: The contractor charges an hourly rate for labour, plus the cost of materials, plus a percentage of the total costs.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li> Which of the following contract types is most appropriate for a project whose scope and costs for performing the work are not well known?\n<ul>\n<li>Fixed-Price Contract\n<ul>\n<li><b>Incorrect<\/b>: Try again\n<\/li>\n<\/ul>\n<\/li>\n<li>Cost-Reimbursable Contract\n<ul>\n<li><b>Correct<\/b>: The contractor is paid for the cost of performing the service or providing the goods.\n<\/li>\n<\/ul>\n<\/li>\n<li>Time and Materials Contract\n<ul>\n<li><b>Incorrect<\/b>: Try again\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/p>\n<p>\n<\/p>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.028 seconds\nReal time usage: 0.032 seconds\nPreprocessor visited node count: 123\/1000000\nPreprocessor generated node count: 1072\/1000000\nPost\u2010expand include size: 7667\/2097152 bytes\nTemplate argument size: 5402\/2097152 bytes\nHighest expansion depth: 8\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:178625-0!*!*!*!*!2!* and timestamp 20230227022256 and revision id 1017080\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/ipm103\/learning-pathways\/procurement\/contract-types\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/ipm103\/learning-pathways\/procurement\/procurement-process\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Introduction_to_project_management\/IPM103\/Procurement\/Contracts_quiz\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"246ee6459314ca6c6736f79f6794d428\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Introduction_to_project_management\/IPM103\/Procurement\/Contracts_quiz\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"246ee6459314ca6c6736f79f6794d428\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>\u2190 Previous Next 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