Operations Management > EXAM > CTCD TEST EXAM WITH COMPLETE QUESTIONS AND CORRECT ANSWERS 2025/2026 GUARANTEED PASS | RATED A+ (All)

CTCD TEST EXAM WITH COMPLETE QUESTIONS AND CORRECT ANSWERS 2025/2026 GUARANTEED PASS | RATED A+

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A material change in a proposed contract constitutes a counteroffer, which must be agreed to by the other party for there to be a finding contract between the parties. Also referred to as a "meeting o ... f the minds". This is the description of which element of a contract. A. Legal Purpose B. Consideration C. Acceptance D. Offer E. Competent Parties - Answer>>> D. Offer Dollar thresholds for items purchased under a DIR contract are all except: A. $1 million to $5 million must obtain pricing from at least 6 vendors in the category B. Under $50,000 may directly award to a vendor in the category C. $50,000 to $1 million must obtain pricing from at least 3 vendor in the category D. exceed $5 million must obtain pricing from all vendor in the category - Answer>>> D. exceed $5 million must obtain pricing from all vendor in the category It is the purchaser or contract developer's responsibility to select the best purchasing method based on all information concerning the specific purchase. Which of the following is not an option? A. Request for Offer B. Request for Information C. Invitation for Bid D. Request for Proposal - Answer>>> B. Request for Information Request for Qualifications can only be used for establishing contracts with Consultants. TRUE or FALSE. - Answer>>> False Vendor Performance Tracking System - Answer>>> A contractor's performance must be reported to this system once a contract with a value over $25k is completed or otherwise terminated [Show More]

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