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Ohio Contract Manager Practice Exam

Class notes Jan 1, 2026 ★★★★☆ (4.0/5)
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Ohio Contract Manager Practice Exam Questions And Correct Answers (Verified Answers) Plus Rationales 2025|2026 Q&A | Instant Download Pdf

1. The primary purpose of a contract is to:

  • Create a moral understanding between parties
  • Establish legally enforceable obligations
  • Define political boundaries
  • Simplify verbal communication

Rationale: Contracts create legally binding agreements enforceable

by law, not merely moral or social obligations.

  • Which of the following is NOT a valid element of a contract?
  • Offer
  • Acceptance
  • Goodwill
  • Consideration 1 / 4

Rationale: Goodwill is not a required element; offer, acceptance, and

consideration are essential.

3. In Ohio, a written contract is required when:

  • Any agreement exceeds $500
  • The contract cannot be completed within one year
  • All contracts with vendors
  • Any informal agreement

Rationale: The Statute of Frauds requires written contracts for

agreements not performable within one year.

4. The term “consideration” in contract law refers to:

  • A party’s good intentions
  • The timing of performance
  • Something of value exchanged between parties
  • A gift provided voluntarily

Rationale: Consideration is the exchange of value necessary to form

a binding contract.

5. The Ohio Revised Code governs public procurement primarily under:

A. ORC 120

B. ORC 125

C. ORC 150

D. ORC 133

Rationale: Ohio Revised Code Chapter 125 governs state

procurement and contracting. 2 / 4

6. Competitive sealed bidding is preferred when:

  • Specifications are clear and price is the main factor
  • Negotiation is required
  • Service contracts are complex
  • Only one supplier is available

Rationale: Sealed bidding is used when clear specifications and

pricing determine award.

7. The “lowest responsive and responsible bidder” means:

  • The lowest price offered
  • The bidder with the best reputation
  • The lowest bidder meeting all specifications and qualifications
  • The bidder with prior contracts

Rationale: The award must go to the lowest bidder who meets

specifications and is qualified to perform.

8. A unilateral contract involves:

  • A promise in exchange for an act
  • A promise in exchange for a promise
  • An agreement between two governments
  • No legal obligations

Rationale: In a unilateral contract, one party promises something

contingent on another’s performance.

9. A contract becomes voidable when:

  • It lacks a signature 3 / 4
  • One party entered under duress or fraud
  • It has expired
  • It is illegal

Rationale: Duress or fraud makes a contract voidable at the option of

the harmed party.

  • Which document defines the scope, schedule, and deliverables
  • of a contract?

  • Purchase order
  • Statement of Work (SOW)
  • Invoice
  • Contract addendum

Rationale: The SOW details what is to be performed and delivered.

11. Ethics in public procurement primarily ensures:

  • Faster contract processing
  • Fairness, transparency, and accountability
  • Vendor satisfaction
  • Maximized profit

Rationale: Ethical procurement maintains public trust through

fairness and transparency.

  • Which of the following is an unethical practice in contracting?
  • Full disclosure of conflicts
  • Open competition
  • Accepting vendor gifts
  • / 4

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Category: Class notes
Added: Jan 1, 2026
Description:

Ohio Contract Manager Practice Exam Questions And Correct Answers (Verified Answers) Plus Rationales 2025|2026 Q&A | Instant Download Pdf 1. The primary purpose of a contract is to: A. Create a mor...

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