CAPM (Certified Associate in Project Management) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Study for the Certified Associate in Project Management Exam with practice questions and answers. Enhance your understanding of project management principles and strategies to excel in the exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What does the payment systems ensure?

All seller payments are documented as per contract
The highest bidder is awarded
Timely project delivery
The project is under budget

The correct answer is: All seller payments are documented as per contract

The correct answer is A. Payment systems ensure that all seller payments are documented as per the contract. This is essential to maintain transparency and compliance with the agreed terms and conditions between the buyer and the seller. It helps in tracking and recording all financial transactions accurately, reducing the risk of disputes or misunderstandings regarding payments. Options B, C, and D are incorrect because: - Option B (The highest bidder is awarded) relates to the bidding process rather than payment systems. - Option C (Timely project delivery) is not directly related to payment systems but rather pertains to the project schedule and execution. - Option D (The project is under budget) is also not directly linked to payment systems but focuses on financial management and cost control within the project.