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Advanced Contract & Financial Management
- Exam Number/Code : L5M4
- Exam Name : Advanced Contract & Financial Management
- Questions and Answers : 213 Q&As
- Update Time: 2019-01-10
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NEW QUESTION: 1
Hardin argued that grazing land held in common (that is, open to any user) would always be used less carefully than private grazing land. Each rancher would be tempted to overuse common land because the benefits would accrue to the individual, while the costs of reduced land quality that results from overuse would be spread among all users. But a study comparing 217 million acres of common grazing land with
433 million acres of private grazing land showed that the common land was in better condition.
Which of the following, if true, and known by the ranchers, would best help explain the results of the study?
A. The cost in reduced land quality that is attributable to any individual user is less easily measured with common land than it is with private land.
B. An individual who overuses common grazing land might be able to achieve higher returns than other users can, with the result that he or she would obtain a competitive advantage.
C. If one user of common land overuses it even slightly, the other users are likely to do so even more, with the consequence that the costs to each user outweigh the benefits.
D. With private grazing land, both the costs and the benefits of overuse fall to the individual user.
E. There are more acres of grazing land held privately than there are held in common.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 2
You are a new Project Manager that has been entrusted with a software development project that is in progress. A sub-contracting company has been awarded a cost reimbursable contract to do the development work on this project, and the project has been completed. While trying to close this procurement, you discover that still there are some unresolved claims. However, the sub contract company does not accept that these claims are unresolved. Which of the following is the best method for reaching the final equitable settlement?
A. Mediation
B. Alternative dispute resolution
C. Litigation
D. Direct negotiation
Answer: D
NEW QUESTION: 3
A. Option D
B. Option B
C. Option A
D. Option C
Answer: A,B
Explanation:
Reference: http://www.boche.net/blog/index.php/2013/09/13/vsphere-5-5-unmap-deep-dive/