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1. What is a characteristic of Project Procurement Documents that is not normally true of other Project Documents?
They are legally binding.
They cannot be changed once issued.
They are required to follow a template.
2. Which of these are outputs from the Plan Procurement Management process and inputs to the Conduct Procurement Process?
Agreements, Selected Suppliers, Change Requests.
Procurement Statement of Work, Agreements, Seller Proposals.
Procurement Statement of Work, Make or Buy Decisions, and Procurement Documents.
3. Who bears the financial risk on a Cost Reimbursable contract that does not have penalty or incentive clauses?
Financial risk is shared between the buyer and the seller based upon the terms of the contract.
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