ACE Practice Questions

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NEW QUESTION: 1
Which of the following is not financial assistance for the purchase of a public company's own shares?
A. The payment of a dividend which has the effect of putting a shareholder in funds and enabling him to purchase the company's shares
B. A loan by a company outside the ordinary course of business
C. Releasing a shareholder from a debt owed to the company
D. Allowing the use of a company's assets as security for a loan
Answer: A

NEW QUESTION: 2
When assigning rules to service providers to support Freight Payment, which two statements are true?
A. The Miles cannot be changed once assigned to a service provider.
B. The Autopay check box should be selected for the rules to apply.
C. Each service provider can have only one match rule profile assigned.
D. One can assign a match rule profile and an approval rule profile to a service provider.
Answer: B,C

NEW QUESTION: 3
You are working on a construction project. You, your team, and your senior manager all feel that the work is complete. However, one of your stakeholders disagrees, and feels that one deliverable is not acceptable. What is the BEST way to handle this conflict?
A. Follow the administrative and contract closure procedures
B. Consult the contract and follow its claims administration procedure
C. File a lawsuit to force the stakeholder to accept the deliverable
D. Renegotiate the contract
Answer: B
Explanation:
Did you recognize that answer D - "follow the administrative and contract closure procedures" - was talking about the Close Project process? You can't close the project if there's still a claim that needs to be resolved. When there's a dispute between a buyer and a seller, that's called a claim. Most contracts have some language that explains exactly how claims should be resolved - and since it's in the contract, it's legally binding, and both the buyer and seller need to follow it. Usually it's not an option to renegotiate a contract, especially at the end of the project after the work is complete, and lawsuits should only be filed if there are absolutely, positively no other options.