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  1. J1053 You are the project manager of a business that sells software contracting services to Banks. Recently, Fourth National bank has requested you to submit a proposal for their mortgage project that has been published for the bid. They have also requested you to register the name of your business on the list of qualified sellers. Which of the following statement about qualified sellers list is true?





  2.  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:





  3.  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 ___________.





  4.  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?





  5.  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: