Sample Quiz

Contracts
Note: This quiz will be an open book quiz.

1. What is the first step in tracking contract fulfillment? When does it start?. (2 pts)
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2. Name and explain the 4 key elements that need to be demonstrated for a contract to be legally
enforceable. (8 pts)
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2.
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3.
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4.
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3. What are the four categories for vendor evaluation that the textbook recommends and recommend
2 elements in each. (12 pts)
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b. _____________________________________________________________________________________________
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c. _____________________________________________________________________________________________
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d. _____________________________________________________________________________________________
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4. When discussing creating good working relations with vendors, we discussed 3 ways to maintain
contact. What were they? (3pts)
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Total Points Possible: 25

Bonus Questions (2pts each)

5. What is the Golden Rule of vendor relations?

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6. What is the law of Contracts?

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