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NEW QUESTION: 1
You are the project manager responsible for renovating a 70-year old office building. You intend to hire an outside construction firm to seismic retrofit the building in order to make that the building can with stand large earthquakes. You are in the process of selecting a contract type best suited for this project. You would like to select a contract type that transfers the risks onto the seller for any cost risk and nonperformance issues. Which contract type should you choose?
A. CPFF contracts
B. T&M contracts
C. CPPC contracts
D. Cost reimbursable contracts
E. Fixed price contracts
Answer: E
NEW QUESTION: 2
Which Incident field provides a GUI option to configure the items in the drop-down list?
A. Severity
B. State
C. Priority
D. Originator
E. Category
Answer: C
NEW QUESTION: 3
Which of the following risk strategies is represented by the purchase of insurance?
A. Transfer
B. Accept
C. Mitigate
D. Avoid
Explanation
"Transfer: Moving the liability for the risk to a third party by purchasing insurance, performance bonds, and so on"
Answer: A
NEW QUESTION: 4
Trust Co. and First National Bank are located in the same city and each has assets of over $20 million. The president of First National has been asked to serve as a director of Trust Co. First National has no trust department and no trust operations. Trust Co. operates solely as a trust company. Would this relationship violate the prohibitions against management official interlocks in Regulation L?
A. No, because the institutions are not both depository institutions.
B. Yes, because the institutions are in the same city.
C. Maybe, but it depends on the size of the institutions.
D. No, because the institutions do not compete.
Answer: B