involves spending more time in the initial contracting stages to fully

Involves spending more time in the initial

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1.____ involves spending more time in the initial contracting stages to fully understand stakeholder requirements, expectations, and repeated communication of expectations, in order to gain a full understanding of elements. a.Arbitrationb.Mediationc.Contingency contractingd.Preventive contracting *e.None of these choices. 2.The ____ section of a contract defines all of the important terms contained within the contract and is important so everyone understands exactly what each term means. 3.The ____ section of a contract specifies method of manufacture and quality requirements and may include language specific to terms of quality. 4.The ____ clause in a contract describes the course of events that occurs if there are unforeseen events such as earthquakes or hurricanes that prevent a supplier from fulfilling its obligations to the buyer.
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7.The most basic contractual pricing mechanism is called a/an ____ contract. a.fixed price with escalationb.cost plus incentive feec.firm fixed price *d.cost-sharinge.fixed price with redetermination 8.In a firm fixed price contract if market prices for a purchased good or service ____ the stated contract price, the ____ bears the brunt of the financial loss. 9.In a firm fixed price contract if market prices ____ the stated contract price due to outside factors, such as competition, changes in technology, or raw material prices, the ____ assumes the risk or financial loss. 10.A ____ contract should be used in cases where the parties cannot accurately predict labor or materials costs and quantities to be used prior to the execution of the purchase agreement.
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