#1 Contract and Procurement Management Prep: 3 hour time limit

Need these answers by 11:30pm EST. 

 

1. Business professionals who manage contracts must be aware of the many types of contracting pricing arrangements available in order to choose the best type for each situation. What are the three general pricing categories? Explain each category and include an example of each.
 

 

2. 
 It has been said that the side that does the most research and planning will often come out best in any negotiation? Do you agree with this statement? Do you disagree with this statement? Defend your position with examples and other information

 

3. What does the Uniform Commercial Code (UCC) state regarding price and warranty? What if a price is not specified in an agreement? What if a price is specified in an agreement? Does the UCC modify the price? What about a warranty? What rights does the buyer have for a guarantee under the UCC? What protection is granted to the seller?