Stakeholder Review Process Quiz
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Questions and Answers

What action should you take to review all notes entered regarding a contract?

  • Click Upload New Contract Version
  • Close the windowpane
  • Update the Contract Amount
  • Click Review Contract Notes (correct)

How can you access the redlined version of a contract for uploading?

  • Click Review Contract Notes
  • Click on the Review Contract Notes Complete box
  • Click Upload New Contract Version (correct)
  • Close the windowpane

Where does the windowpane appear when you click on Upload New Contract Version?

  • Left-hand side of the screen
  • Top of the screen (correct)
  • Right-hand side of the screen
  • Bottom of the screen

Which action allows you to redline a contract?

<p>Enter Contract Notes (D)</p> Signup and view all the answers

What should you do if you want to update the Contract Amount of a contract?

<p>Redline the contract (C)</p> Signup and view all the answers

What is the next step after reviewing the notes left by the Contract Owner?

<p>Save Stakeholder Review – Tasks Completion (B)</p> Signup and view all the answers

How can you view the contract in Full Page view for redlining?

<p>Click on Open in New Window icon (B)</p> Signup and view all the answers

What should you click on if the Legal Entity chosen for the contract is correct?

<p>Complete check box (C)</p> Signup and view all the answers

Which action should be taken if the contract requires redlining?

<p>Download To Edit (C)</p> Signup and view all the answers

What should be done if the Contract does not require any changes after review?

<p>Click on Confirm Legal Entity on Contract is Correct (A)</p> Signup and view all the answers

When should you edit the contract and upload a new version?

<p>After confirming Legal Entity on Contract is Correct (B)</p> Signup and view all the answers

What action should you take if you did not make any edits to the contract during the Stakeholder Review?

<p>Complete Job (A)</p> Signup and view all the answers

Who are the required approvers for a contract or lease lasting more than 1 year with a total value over $2,000,000?

<p>Board of Directors (D)</p> Signup and view all the answers

What level of duration and total value triggers the need for the Assistant Controller to review a contract?

<p>Less than 1 year, between $100,000 and $1,000,000 (C)</p> Signup and view all the answers

In the Stakeholder Review process, what is the significance of completing the 'Tasks' that are marked as required with a (*) symbol?

<p>It allows for the contract to move forward in the review process. (D)</p> Signup and view all the answers

Which group of individuals is NOT mentioned as part of the required approvers for high-value contracts in the text?

<p>Director HR (B)</p> Signup and view all the answers

What action should be taken after completing the Stakeholder Review process for a contract?

<p>Complete Job (A)</p> Signup and view all the answers

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