Project Management Professional (PMP) Exam Practice – Question1620

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______________


A.
Prepare a contract completion statement
B. Audit the procurement process
C. Update and archive contract records
D. Settle subcontracts

Correct Answer: D

Explanation:

Explanation:
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.