- (Topic 1)
Which type of contract gives both the seller and the buyer flexibility to deviate from performance with financial incentives?

1. A. Cost Plus Incentive Fee (CPIF)
2. B. Fixed Price Incentive Fee (FPIF)
3. C. Cost Pius Award Re (CPAF)
4. D. Time and Material (T&M)

Correct Answer: B

- (Topic 4)
Which tool within the Perform Quality Control process identifies whether or not a process has a predictable performance?

1. A. Cause and effect diagram
2. B. Control charts
3. C. Pareto chart
4. D. Histogram

Correct Answer: B

- (Topic 1)
A project manager is appointed full-time to a project and is given full-time administrative staff and full-time project team members. This situation describes which type of organizational structure?

1. A. Projectized
2. B. Weak matrix
3. C. Functional
4. D. Balanced matrix

Correct Answer: A

- (Topic 4)
Define Activities and Estimate Activity Resources are processes in which project management Knowledge Area?

1. A. Project Time Management
2. B. Project Cost Management
3. C. Project Scope Management
4. D. Project Human Resource Management

Correct Answer: A

- (Topic 4)
A purchase order for a specified item to be delivered by a specified date for a specified price is the simplest form of what type of contract?

1. A. Cost-reimbursable
2. B. Time and material
3. C. Fixed price or lump-sum
4. D. Cost-plus-fixed-fee

Correct Answer: C