New PMP Question & Answers with explanation

A project manager performing Closing activities is currently focused on addressing the highest business value items first. What life cycle is she using to deliver her project?
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As part of kicking off a project, the product manager meets with the project team to review the team charter and establish team norms. The product manager also stresses the importance of quality and sets the expectation that it will be integrated into every iteration. Managing quality is sometimes called what?
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How are quality improvements implemented?
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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?
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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?
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