605-14.pdf - Supply Management Page 1 of 9 Print Course Name Supply Management Course ID 605-2016 Exam Name 605-14 Attempt 1 1 involves spending more

605-14.pdf - Supply Management Page 1 of 9 Print Course...

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PrintCourse Name: Supply ManagementCourse ID:605-2016Exam Name:605-14Attempt:11.__________ involves spending more time in the initial contracting stages to fully understand stakeholderrequirements, expectations, and repeated communication of expectations, to gain a full understanding ofelements.A)ArbitrationB)MediationC)Contingency contractingD)Preventive contractingE)None of the aboveCorrect Answer:dPoints earned: 1Points worth:1Feedback:pg. 5352.The __________ clause of a contract defines all of the important terms contained within the contract and isimportant so everyone understands exactly what each term means.Points earned: 1Points worth:1Feedback:pg. 5383.The __________ clause of a contract defines what is in and out of scope, which might include thegeographical limitations, the validity or invalidity of prior contracts, preferential treatment by the supplier, orother elements.Page 1 of 9Supply Management10/25/2018...
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Points earned: 1Points worth:1Feedback:pg. 5384.The __________ clause of a contract describes the course of events that occur if there are unforeseen calamities such as earthquakes or hurricanes that prevent a supplier from fulfilling its obligations to the buyer.Points earned: 1Points worth:1Feedback:pg. 5395.The __________ clause of a contract stipulates whether either party has the ability to terminate the contract at any time, and how much advance notice must be given.A)Effective date and terminationB)PaymentC)Third-party rightsD)Most favored customerE)Force majeureCorrect Answer:aPoints earned: 1Points worth:1Feedback:pg. 5396.The __________ clause of a contract specifies conditions regarding who owns any IP rights that come out of the agreement, and who owns what IP going into the agreement.Points earned: 1Points worth:1Feedback:pg. 539Page 2 of 9Supply Management10/25/2018...
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7.The __________ clause in a contract provides guidelines regarding what type of reporting statistics and
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