Project Management Professional (PMP) Practice Exam

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Study for the Project Management Professional (PMP) exam. Study with flashcards and multiple choice questions. With over 500 questions. Practice the PMP practice multiple choice questions. Updated for 2023-2025. Get ready for your exam!

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A request, demand or assertion of a contract partner for consideration, compensation or payment under a legally binding contract, such as a disputed change, is often referred to as a____.

Claim
Trial
Refinement
Audit

The correct answer is: Claim

A request, demand or assertion of a contract partner for consideration, compensation or payment under a legally binding contract is often referred to as a claim. A claim in this context refers to a specific demand or request made by a contract partner for a contracted service, payment, or compensation. Options B, C, and D are incorrect because they do not accurately describe a claim in the context of a contract. Option B, a trial, refers to a legal proceeding to determine the guilt or innocence of a person or entity accused of a crime. Option C, refinement, refers to the process of making improvements or achieving perfection in something. Option D, audit, refers to an official examination and verification of financial accounts and records. In contrast, a claim is a specific request or demand for consideration, compensation, or payment under a contract.