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PMP Certification Mix Questions Test 3
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© examsnet.com
Question : 44
Total: 70
Because you are working under a firm-fixed-price contract, management wants you to submit the final invoice and close out the contract as soon as possible.
Before final payment on the contract can be authorized, you must______________
Prepare a contract completion statement
Audit the procurement process
Update and archive contract records
Settle subcontracts
Validate
Solution:
All payments due must be settled by the seller before the contract can be officially closed. The other items listed are activities performed by the buyer.
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