New PMP Question & Answers with explanation

You are the project manager for an outdoor concert event scheduled for one year from today. You’re working on the procurement documents for the computer software program that will control the lighting and screen projections during the concert. You’ve decided to contract with a professional services company that specializes in writing custom software programs. You want to minimize the risk to the organization and want a well-defined set of deliverables for a set price. You have agreed to pay the vendor a bonus if they complete the program at least 30 days earlier than scheduled, so you’ll opt for which contract type?
Select one
Status review meetings are an important tool for informing stakeholders (and others) of the status of the project. All of the following are true regarding status review meetings except for which one?
Select one
All of the following processes belong to the Project Integration Management Knowledge Area except for which one?
Select one
A project manager facilitates a meeting to provide updated information regarding the progress of the project. What type of meeting is this?
Select one
A project manager has structured his project in a way that will allow for the planning of the project to occur during the early phases of the life cycle, with minimal changes thereafter. This approach is associated with which development life cycle?
Select one