How do you use the Process Status field in a contract workspace or contract request?

Contract Requests and Contract Workspaces

How do you use the Process Status field in a contract workspace or contract request? Note: There are 2 correct answers to this question
A . To show users a contract workspace placeholder after contract request approval
B. To indicate task progress
C. As a milestone in tasks tab
D. To generate a follow-on task

Answer: B,C