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L3M3 Exam Dumps : Contract Administration

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Contract Administration Questions and Answers

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Question 1

In a reverse online auction:

Options:

A.

The highest bid wins

B.

The seller sets up the auction

C.

The lowest bid wins

D.

No bid wins

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Question 2

Contracts published by third party experts such as trade associations or professional bodies, widely regarded as favouring neither buyer nor seller, are called:

Options:

A.

Uni form

B.

Model form

C.

Paper form

D.

Trans form

E.

Good form

Question 3

Conducting individual and group-based (focus groups) in-depth interviews.

Is this quantitative or qualitative data gathering?

Options:

A.

Qualitative

B.

Quantitative

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