MGMT 422 Material Management Paper 1
WE WRITE ESSAYS FOR STUDENTS
Tell us about your assignment and we will find the best writer for your project
Write My Essay For MeMGMT 422
WEEKS 11 & 12 REVIEW QUESTIONS
INSTRUCTIONS: CIRCLE THE ANSWER THAT BEST FITS THE QUESTION
CHAPTER 14
1. Once a contract has been negotiated and signed, the real work is over.
a.
True
b.
False
2. It is easy to go back and negotiate what contractual terms actually mean once the contract has been signed and a period of time has passed.
a.
True
b.
False
3. It is always a good idea to double-check all attachments to the contract, because many of the technical details are included here.
a.
True
b.
False
4. In the firm fixed price contract, the price stated in the agreement does not change, regardless of fluctuations in general overall economic conditions, industry competition, levels of supply, market prices, or other environmental changes.
a.
True
b.
False
5. In a fixed price contract with escalation, all price changes should be keyed to a third-party price index, preferably to a well-established, widely published index.
a.
True
b.
False
6. There is an incentive, at least in the short run, for suppliers to be inefficient in cost-based contracts because they are rewarded with higher prices.
a.
True
b.
False
7. To be most effective, cost-based contracts should include cost productivity improvements in order to drive continuous cost reduction over the life of the contract.
a.
True
b.
False
8. Even when there is no contract, most transactions are covered by a “gap filler” known as the Uniform Commercial Code.
a.
True
b.
False
9. Generally speaking, the more complex the nature of the contract and the greater the dollar amounts involved, the more likely it is that a future dispute over interpretation of the terms and conditions will occur.
a.
True
b.
False
10. Taking a dispute into the jurisprudence system should be an automatic step in resolving the dispute, and not viewed as a last resort.
a.
True
b.
False
11. The _____ clause of a contract defines all of the important terms contained within the contract and is important so everyone understands exactly what each term means.
a.
supply and delivery
b.
specifications, quality, and health, safety, environment
c.
scope of agreement
d.
force majeure
e.
definitions
12. The _____ clause of a contract specifies method of manufacture and quality requirements and may include language specific to terms of quality.
a.
liability
b.
specifications, quality, and health, safety, environment
c.
intellectual property
d.
assignment and contracting
e.
confidentiality
MGMT 422 Material Management Paper 1 ESSAY
DO MY HOMEWORK NOW!Write my Essay. Premium essay writing services is the ideal place for homework help or essay writing service. if you are looking for affordable, high quality & non-plagiarized papers, click on the button below to place your order. Provide us with the instructions and one of our writers will deliver a unique, no plagiarism, and professional paper.
Get help with your toughest assignments and get them solved by a Reliable Custom Papers Writing Company. Save time, money and get quality papers. Buying an excellent plagiarism-free paper is a piece of cake!
All our papers are written from scratch. We can cover any assignment/essay in your field of study.
