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- u need to update a contract and miss some information from a third party, and u have only one day left and u have no response from your contact -how will u get the information before the deadline? -what to do if you can't have the info by the dead line? -how would u feel if u were unable to get it and missed the deadline?The emergence of e-commerce has brought with it new challenges when doing business. One of these challenges is the replacement of written signatures and documents with electronic signatures and documents. Instructions:Research and define the terms shrinkwrap and clickwrap. Search for information (definitions and characteristics) on the following terms related to the topic of electronic contracts:a) Box-top agreementb) Envelope agreementc) Referral agreementInstructions You are part of an architecture firm that has been contracted to design and build a new museum in a major city. Your firm is responsible for the entire project, from design to construction, and you will be working with a number of different suppliers and contractors. Your task is to analyze the procurement process for this project and provide recommendations based on the principles of procurement. The following are the steps involved in the procurement process: Planning and Strategy Sourcing and Supplier Selection Contract Formation Contract Management Contract Closeout Instructions Analyze each step of the procurement process for this project, considering the procurement principles and practices that apply. Identify any potential risks or issues that may arise. Provide recommendations for each step of the procurement process, including a justification for your recommendations based on procurement principles. Ensure that your recommendations are clear, concise, and…
- Regardless of whether you own a business or are a stakeholder in a business,understanding basic contract terms is important. Businesses enter into contracts withmany areas, from shipping to suppliers to customers. As a business owner or managerknowledge of these basic terms will assist you in the day to day operations of thebusiness, regardless of the field.Instructions:• Fill in the attached template.• For each term, define the term with citation to authority, define the term in yourown words and provide an example of each termOutline the key elements that should be a part of any electronic commerce software package.Which of the following contracts has the MOST risk for the buyer?A. Cost plus percentage of costs (CPPC)B. Cost plus fixed fee (CPFF)C. Time and Materials (T&M)D. Fixed price (FP) You are managing a software project. During a walk through of newlyimplemented functionality, your team shows you a new feature that theyhave added to help make the work flow in the product easier for your client.The client didn’t ask for the feature, but it does look like it will make theproduct easier to use. The team developed it on their own time because theywanted to make the client happy. You know this change would never havemade it through change control. What is this an example of?A. Gold platingB. Scope creepC. Alternatives AnalysisD. Schedule Variance
- Risks of using a third party include Lower profitability due to the third party's need for profit margin O Underestimating the cost of coordination and reduced customer supplier contact O Increased violations of the antitrust act O Increased legal fees for proofreading contractsWhat is the time period of performance that requires contracts to be in writing? оо a. If a contract cannot be performed within one month, it is unenforceable unless it is in writing. b. If a contract cannot be performed within six months, it is unenforceable unless it is in writing. C. If a contract cannot be performed within one year, it is unenforceable unless it is in writing. d. If a contract cannot be performed within two years, it is unenforceable unless it is in writing.Create a Bid Response Proposal that provides security solutions. The organization has 75 employees and is inundated with security issues. Employees use laptops and smartphones that have remote access to office systems. Your Bid Response needs to be ready-to-implement security solutions
- 81 a situation where a borrower receives gift funds for a down payment and closing costs, Which of the following additional documentation must be presided by the borrower? A) A credit report on the donor B) A notarized letter from the donor C) Updated credit report on the borrower D) A letter slaned by the donor Indicating that no repayment is expectedHello Can you assist on the following attached documentWhich of the following is NOT an input of the Contract Administrationprocess?A. Procurement management planB. Work Performance InformationC. Contract Management PlanD. Selected Sellers You are having lunch with one of your colleagues. He tells you in confidencethat he lied about having a PMP certification, and never actually passed theexam. What is the BEST way to handle this situation?A. Report the person to his managerB. Report the person to PMIC. Ask him to tell the truth to his managerD. Do nothing because you were told this in confidence Your team has recommended a change to the scope verification process.What’s the first thing you should do?A. Analyze the change versus the Project Management plan to see what its impact willbe.B. Implement the changeC. Write up a change requestD. Tell your team that the process has already been decided and they should follow it.