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1.  Santa Rosa Valley Farms is conducting a project to install new packing equipment in one of its California farms. One month into the project, Santa Rosa Valley Farms conducts a review to determine how well the installer selected for this project is meeting goals for scope, quality, cost, and schedule. This is an example of ___________.

   A) A procurement performance review
   B) Capacity planning
   C) A project review meeting
   D) An audit
   

2.  Which of the following is NOT a common name for one of the various types of procurement documents?

   A) Request for quotation
   B) Seller proposal
   C) Invitation to bid
   D) Tender notice
   

3.  The administration team for a buyer is drafting up a contract to award work to an external supplier. They would include verbiage that the contract can be terminated for all of the following reasons except:

   A) For cause
   B) For default
   C) For convenience
   D) For the purpose of the court
   

4.  For many procurement items, the procuring organization can either prepare its own independent estimates or have an estimate of costs prepared by an outside professional estimator. This estimate serves as a:

   A) Potential-cost estimate
   B) Expected-cost estimate
   C) Benchmark estimate
   D) Must-cost estimate
   

5.  A seller was notified that they were one of the selected sellers based on their proposal. The seller immediately circulated an internal newsletter stating that they had just been awarded a large contract for a term of 5 years. Would the newsletter be factually correct?

   A) The newsletter is likely to be factually incorrect. A selected seller is one whose proposal has been accepted and a contract has been completed pending signatures of the authorized parties.
   B) It is likely that the newsletter is factually incorrect. While the seller has been selected for the work, it is unlikely that the term of the project would have been 5 years.
   C) It is likely that the newsletter is factually incorrect. A selected seller is one whose proposal has been judged to be in a competitive range. It does not mean they have been awarded the work.
   D) The newsletter is likely to be factually correct. A selected seller is one who has been awarded a contract based on the procurement process.