DBIA EXAM #3 QUESTIONS AND
ANSWERS VERIFIED
What 3 categories are the Best Practices organized into? - Answer-1. Procurement
2. Contracting
3. Execution
If these Best Practices are NOT implemented, there is an increased _____ that the project's performance
will be _____ and that some or all ...
_____: 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.
True or False? - Answer✔✔-True
Oral contracts can be valid on what 2 requirements? - Answer✔✔-1. Material terms of contract are
clearly established.
Page 3/25
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Emillect. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
