Question: 1You hired a programmer for $25/hour for two months. What kind of contract is this?(a) CPIF(b) Fixed Price(c) Time & Material(d) CPAFExplanation:A Time and Material contract is mostly used for temporary hiring, or hiring experts in cases where you cannot define the exact scope of work quickly.
Reference:The PMBOK Guide, 6h Edition, Page: 472Question: 2A person who is directly or indirectly involved with your project, or affected by your project or its outcome, is known as:
Question: 3What is the duration of the Milestone?
Reference:The PMBOK Guide, 6th Edition, Page: 186Question: 4Which contract is considered most risky for the bidders?
Question: 5During a bidder conference you see that one bidder is your close friend. What should your next step be?(a) You will pass some confidential info to him(b) You will disclose this relationship to your management