Explanation:
Termination is a word used to define a contract ending through mutual agreement by both parties, the default of one party, or for the convenience of the buyer. PMI, PMBOK Guide, 2013, 355, 387

Explanation:
Risk transference is shifting some or all negative impact of a threat and the ownership of the response to the threat to a third party. It does not eliminate the threat posed by an adverse risk.

Explanation:
Building trust helps to build the foundation of the relationship and is a critical component in effective team leadership. Without trust, it is difficult to establish positive relationships with the various stakeholders engaged in the project. If trust is compromised, people
will disengage, and collaboration becomes more difficult if not impossible.

Explanation:
Bidders conferences are conducted to ensure all prospective sellers have a clear and common understanding of the requirements. They are not used to prequalify vendors. Thus, all vendors are treated equally.

Explanation:
Project quality management is intended to be compatible with International Organization for Standardization quality standards.

Explanation:
Checklists are a tool and technique of the identify risks process and include risks encountered on similar, previous projects identified through the lessons learned process. The project team will review the checklist as part of the identify risks process as well as
during closeout. To help others in the future, the team will add to the list as necessary based on its experience.

Explanation:
Although a number of classification models are available to help prioritize the key stakeholders, the power/influence grid groups stakeholders based on their level of authority or power and their active involvement or interest in the project.

Explanation:
During the storming stage, the team is addressing the work, technical decisions, and the project management approach. However, if team members are not collaborating and open to different ideas and perspectives, the environment becomes counterproductive.

Explanation:
Although all four listed are tools and techniques in the manage communications process (another is communications methods), since this project is a virtual one, the choice of technology is an important consideration. It can vary from project to project and
throughout the life cycle, but as the project manager the focus is to ensure the choice is important for the information that is communicated.

Explanation:
The second step in the stakeholder analysis process is to analyze the potential impact or support each stakeholder could generate and then to classify the stakeholders to define an approach or strategy.