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NEW QUESTION: 1
You are working on a project that management has decided to terminate early, because the product was rendered obsolete by the introduction of new technology by a competitor. You have awarded a contract for part of the project that will be terminated, and fortunately have a clause that enables you to terminate it for convenience at any time. This means that______________
A. You need to compensate the seller only for accepted work that was completed prior to the termination order
B. Specific rights and responsibilities are determined once the termination order is issued
C. You may need to compensate the seller for seller preparations and for any completed or accepted work
D. Your contractual obligations are complete once you issue the termination for convenience
Answer: C
Explanation:
Early termination of a contract is a special case of procurement closure. The rights and responsibilities of the parties are contained in a termination clause of the contract. Typically such a clause allows the buyer to terminate the whole contract or a portion of it for cause or convenience at any time. In doing so, the buyer may need to compensate the seller for seller's preparations and for any completed and accepted work related to the terminated part of the contract. [Executing] PMI@, PMBOK@ Guide, 2013, 378, 387

NEW QUESTION: 2
Lowest utilization of machines would MOST LIKELY come from what manufacturing environment?
A. Traditional Layout
B. Batch Manufacturing
C. Group Technology
D. Cellular Manufacturing
Answer: D
Explanation:
Lowest utilization would usually come from cellular layout because of its layout it can have
very low utilizations on machines compared to a traditional work center approach where there will be
much higher utilization.

NEW QUESTION: 3
The following planning activity has been identified in a consensus BAM for a company that makes clothes:
'P4 - Define marketing strategy'
Which of the following is an enabling activity linked to this planning activity?
A. Define sales targets
B. Monitor sales.
C. Advertise clothes
D. Sell clothes
Answer: C

NEW QUESTION: 4
You have been hired as a project manager for a project. The initial project planning predicts a benefitcost ratio (BCR) of the project as 3.5. What does this figure mean?
A. A payback of $3.5 for each dollar expended
B. A profit of 3.5 percent
C. A loss of 3.5 percent
D. A loss of $3.5 for each dollar expended
Answer: A

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