DBIA EXAM 3 LATEST ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES
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Course
2024/2025
Institution
2024/2025
DBIA EXAM 3 LATEST ACTUAL EXAM
200 QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES
What 3 categories are the Best Practices organized into? - Answer️️ -1. Procurement
2. Contracting
3. Execution
If these Best Practices are NOT implemented, there is an increased _____ that the
pro...
Arbitration and mediation results don't provide direct _____. - Answer✔️✔️-precedent
_____: a party offers to contract with one another. - Answer✔️✔️-Offer
_____: a party accepts the other party's offer. - Answer✔️✔️-Acceptance
_____: value exchanged for performance. - Answer✔️✔️-Consideration
_____: the party making the contract must be legally able to do so - Answer✔️✔️-
Capacity
_____: the individual forming the contract must have authority to do so - Answer✔️✔️-
Authority
What are the 5 requirements for a valid contract? - Answer✔️✔️-1. Offer
2. Acceptance
3. Consideration
4. Capacity
5. Authority
Offers must demonstrate an expression of _____ to contract on certain terms. -
Answer✔️✔️-willingness
The response to an RFP is an example of a(n) _____. - Answer✔️✔️-Offer
What 2 things can nullify an offer? - Answer✔️✔️-1. Varying/additional terms
2. Counteroffers
Oral contracts can be valid.
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