L6M5 Pre-Exam Practice Tests (Updated 85 Questions) [Q10-Q26]

QUESTION 10
Scenario (same as Question 16):
What type of power does the CFO have at Fin Inc?

QUESTION 11
Which of the following statements about liquidated damages are TRUE? Select all that apply

QUESTION 12
Joanne is preparing a contract for the construction of a large shopping center.
The project includes 52 retail units, several restaurants, and a parking facility.
Joanne’s company has contracted Construct Ltd under a Turnkey project.
She is using a Gantt chart as a schedule in the contract.
Q: What type of payment mechanism is being used in this contract?
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QUESTION 13
Jake is running a tender exercise to find a new supplier for his manufacturing organisation. He is seeking fixed pricing for goods over the next 2 years. Which of the following are advantages of using fixed pricing? Select all that apply.

QUESTION 14
What is the purpose of a Project Audit?
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QUESTION 15
In which scenario would a Cost Reimbursable contract be most suitable?
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QUESTION 16
A person who disrupts progress and hinders culture change holds which type of power?
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QUESTION 17
Liability limitation often focuses on which of the following types of loss, which is said to be the most unpredictable and most significant in the case of a default on a contract?

QUESTION 18
Fred is comparing two possible projects that will last for different durations.
His company can only select one project due to financial constraints.
He needs a method to compare the financial benefits of both projects.
Q: Is a payback analysis a useful tool for Fred to use?
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QUESTION 19
Why might a Public Sector Organisation use a PPP style of contract to build a new police station? Select ALL that apply.

QUESTION 20
Dave, Head of HR, is introducing the “Person-Organization Fit” model.
Q: What will this help achieve?
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QUESTION 21
Doug is a Manager at ABC Ltd. The company is struggling financially and needs to make several changes to its operating procedures to maintain its position in the marketplace. The changes involve letting 10% of staff go and moving 70% of staff to remote online working instead of being office-based. The staff at ABC have, in general, not taken well to the changes, and motivation has decreased. In order to push through with the changes, Doug has stated that staff who volunteer to work online will receive an additional day of annual leave, and if staff refuse to move to the online system, this will have repercussions on their ability to be promoted within the company. Because of this, all remaining staff have now embraced the changes.
Which two types of influence were used in managing this change process?

QUESTION 22
Ali is a team manager at his organisation and has been instructed by senior leadership to implement a change that requires his staff to come into the office an hour earlier than usual. Although he knows the change won’t be popular, he plans to tell his team that the change will start next month and insinuate that non-compliance may affect promotion eligibility. What type of influence is Ali exerting?

QUESTION 23
The Royal Institute of Chartered Surveyors and the Royal Institute of British Architects are two founding members of which organisation that creates contracts for the construction industry?

QUESTION 24
Skipped
Under what circumstances can Specific Performance be used to compensate an innocent party for a contractual breach? Select all that apply.

QUESTION 25
Casper is conducting a Variance Analysis of the company’s budget. What is its main purpose?
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QUESTION 26
Jerry is responsible for starting a new construction project.
His company wants to build a new Water Park on the outskirts of town.
He has prepared a Statement of Need, outlining requirements and benefits.
Senior Management has approved the project to move forward.
Q: What should be Jerry’s next task?
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