Skip to main content
Skip to footer

Home Page

Community Membership
Log in

The Procurement School

The Procurement School

June 27, 2021 by Dan

PSPP203-04 – Assessment 4

Time limit: 0

Quiz Summary

0 of 5 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 5 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Not categorized 0%

1
2
3
4
5

Current
Review
Answered
Correct
Incorrect

Question 1 of 5

1. Question

What kind of dispute resolution model progresses from informal to more formal discussions?

Continuum model.

Termination escalation.

Win-lose negotiations.

Performance pyramid.

Correct

Incorrect
Question 2 of 5

2. Question

If a performance issue cannot be resolved by the purchaser’s contract manager, what is the next step?

To invoke the termination clause.

To turn the matter over to legal counsel.

To escalate the issue to a higher level of authority.

To alter the scope or budget so performance comes back in line with expectations.

Correct

Incorrect
Question 3 of 5

3. Question

Why is contract governance important?

It ensures proper oversight of the contract.

It ensures the supplier acts professionally and honestly.

It allows the purchaser and supplier to schedule regular meetings.

It allows the purchaser and supplier to alter the scope or budget for the project when needed.

Correct

Incorrect
Question 4 of 5

4. Question

Where should the contract governance structure be documented?

In the Contract B documents.

In the insurance schedule.

In the Contract A administrative requirements.

It shouldn't be documented (to keep it confidential).

Correct

Incorrect
Question 5 of 5

5. Question

What is a dispute resolution clause?

Language that outlines how the parties are to address and resolve any issues that come up during contract performance.

A clause that details the types of contract disputes that are tolerated as well as the types that are not.

Language detailing the legal process undertaken by the purchaser when a contract dispute arises.

A clause that outlines the parties and contact information for each side in the contract dispute.

Correct

Incorrect

Footer

250-370-0041
hello@theprocurementschool.com

The Atrium
#301 - 1321 Blanshard Street
Victoria, BC V8W 0B6

TRAINING
PSPP
Webinars

QUICK LINKS
Home
Contact
Articles

COMPANY
About
FAQ

Terms & Conditions Privacy Policy

© The Procurement School

Copyright © 2026 · Workstation Pro on Genesis Framework · WordPress · Log in