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NEW QUESTION: 1
You have been assigned as the Project Manager for a new project that involves deployment of a new software application to all your organization's users. The timeline is aggressive, and this software is being deployed on your company's architecture for the first time. In addition, your project steering committee has specified an allowable budget for your project. You plan to use an outside company for this deployment.
Which of the following contract types is BEST suited for you to negotiate?
A. Lowest bid
B. Fixed price
C. Time and material
D. Cost reimbursable
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Answer option D is correct.
As mentioned in the question, the project is first of its kind and will carry unknown risks. In addition, the budget for the project is fixed. Using a cost reimbursable or T&M Material contract will make it difficult to control the costs in a project of this nature. By using a fixed price contract, the risk is shifted to the seller and is the best one to choose in this scenario.
Answer options B, C, and A are incorrect. Using a cost reimbursable or T&M Material contract will make it difficult to control the costs in a project of this nature. Lowest bid is not a type of a contract.
Reference: The Project Management Body of Knowledge, Fifth edition, Section 12.1.1.9, Page 362 Chapter: Procurement and Project Integration Objective: Contract Types and Contract Negotiations
NEW QUESTION: 2
In which of the following scenarios is an investment adviser representative required to disclose the fact that someone other than the representative performed the research on which his advice to the client is based?
I. The investment adviser representative recommends the same asset allocation for his client that a buddy of his did after his buddy had done some research for a client with similar characteristics.
II. The investment adviser representative provides a recommendation for his client based on research provided by a broker-dealer that provides the investment adviser with its analysts' recommendations in return for trades that the investment adviser executes using the services of the broker-dealer, as well as a couple of other research sources he finds on the internet.
III. The investment adviser representative submitted his client's information to a data base that provided a recommendation for the asset allocation of the client's investment monies that the adviser deemed was sound and, therefore, recommended it to his client.
A. I only
B. I and III only
C. II only
D. III only
Answer: B
Explanation:
Explanation/Reference:
Explanation: An investment adviser representative is required to disclose the fact that someone else performed the research on which advice to the client is based in scenarios described in I and III only. If the representative provides a recommendation to the client based solely on the recommendations provided by others to whom he provided the data, he must disclose this. However, if the adviser representative has based his recommendations on his own assessment of analysts' reports and recommendations, as is suggested in Selection II, then there is no disclosure requirement.
NEW QUESTION: 3
Which IBM PureApplication System pattern type is supported by Rational Application Developer?
A. IBM Database Patterns 1.1
B. Foundation Pattern Type 2.0
C. WebApp Pattern Type 1.5
D. Web Application Pattern Type 2.0
Answer: D
NEW QUESTION: 4
A. Option C
B. Option A
C. Option B
D. Option D
Answer: D
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