The risk avoiding buyer wants to minimize the risk of agreeing to a higher price than necessary to cover the buyer's costs plus a reasonable profit.

A. True

B. False

The cost-plus-a-percentage-of-cost contract provides for the seller to receive reimbursement for its actual cost and a profit component, called

, equal to some predetermined percentage of its actual costs.

A. fee

B. statement

C. penalty

D. None of the above

The point at which sharing changes to 0/100 is called the , which represents a cost figure.

A. Point of configuration

B. Point of total assumption

C. Pattern point

D. Prototype point

The most expensive and labor-intensive phase in creating a disciplined program management organization is the:

A. Awakening

B. implementing

C. professionalizing

D. enterprising

Senior management is involved in providing input and approval of key procurement decisions and documents in which level of CMM model:

A. basic

B. advanced

C. mature

D. structured

Garrett's contract management model reflecting the seller's activities consist of which of the following phases:

A. bid/ no-bid decision making

B. proposal preparation

C. Contract close-out

D. All of the above

In evaluating the opportunity, the score is calculated by multiplying the raw score, opportunity factor by:

A. pre-established weight value

B. post-established weight value

C. pre-established matrix value

D. post-established margin value

Which of the following is NOT the phase of Contract Management Process?

A. Pre-award

B. Per-process-award

C. Award

D. Post-award

What is determined by evaluating consistency among a potential source's management, technical, and price proposals?

A. Award

B. Realism

C. Disbursement

D. Stability

Which three types of evaluation standards express values?

A. absolute, minimum and relative

B. absolute, maximum and relative

C. risk, minimum and relative

D. absolute, maximum and productivity