Stakeholder Review Process Quiz

Play an AI-generated podcast conversation about this lesson

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?

Enter Contract Notes Signup and view all the answers

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

Redline the contract Signup and view all the answers

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

Save Stakeholder Review – Tasks Completion Signup and view all the answers

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

Click on Open in New Window icon Signup and view all the answers

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

Complete check box Signup and view all the answers

Which action should be taken if the contract requires redlining?

Download To Edit Signup and view all the answers

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

Click on Confirm Legal Entity on Contract is Correct Signup and view all the answers

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

After confirming Legal Entity on Contract is Correct 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?

Complete Job 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?

Board of Directors Signup and view all the answers

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

Less than 1 year, between $100,000 and $1,000,000 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?

It allows for the contract to move forward in the review process. 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?

Director HR Signup and view all the answers

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