True about risk sharing in government contracts

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Reference no: EM131784535

1. Which of the following is not a recognized quality management approach?

(a) Total Quality Management (TQM),

(b) Continuous Improvement,

(d) Quality Ensured in the Supply Triangle (QEST).

2. Which of the following is not associated with the development phase of the design process?

(a) Development of prototypes,

(b) Design reviews,

(d) Value analysis.

3. Which of the following is not true about risk sharing in government contracts?

(a) Government usually wants the seller to assume all technical and cost risk,

(b) In situations where the risk if high, the supplier must add large contingency sums in the price,

(d) Government supply managers should consider sharing the risk cost through fixed firm Contracts.

4. Which of the following is generally not true about government contracts?

(a) The contract may be terminated for default,

(b) The contract may be terminated for not fulfilling the terms of the contract,

(d) The government may debar, suspend, or declare ineligible an errant contractor.

Reference no: EM131784535

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