NCMA
Exam Name: Certified Professional Contracts Manager(CPCM)
CPCM PDF
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PROFESSIONAL CONTRACTS MANAGER(CPCM) exam is by acquiring the right CPCM study materials. This is essential
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PROFESSIONAL CONTRACTS MANAGER (CPCM) certification exam. Getting wrong
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CDs and books as well as other journals. As there are numerous CERTIFIED PROFESSIONAL CONTRACTS
MANAGER(CPCM) materials available out there, be sure to acquire the right
one that offers you the most recent and applicable CPCM materials. It would be best if you can get some CPCM samples because getting sample
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designed or intended with the certification you wish to obtain.
Question: 1
|
The
solicitation specifications and statement of work contain:
A.
Administrative requirements
B.
Technical requirements
C.
Company policy
D.
Pricing contracts
Answer:
B
|
Question: 2
|
The
range between the extremes of an optimistic and pessimistic prediction about
future costs is called range of:
A.
Possible costs
B.
Final costs
C.
Scope costs
D.
Limit costs
Answer:
A
|
Question: 3
|
The
risk avoiding buyer wants to minimize the risk of agreeing to a higher price
than necessary to cover the buyer’s costs plus a reasonable profit.
A.
True
B.
False
Answer:
B
|
Question: 4
|
Who
avoid the risk of agreeing to the price that may not cover its actual
performance costs or allow a reasonable profit?
A.
Risk avoiding buyer
B.
Business professional
C.
Risk avoiding seller
D.
Technical personnel
Answer:
C
|
Question: 5
|
____________
occur when the work has not changed, but it costs more than anticipated.
A.
Cost Growth
B.
Unpredictable cost
C.
Extra cost
D.
Cost overruns
Answer:
D
|
Question: 6
|
The
pricing arrangements fall into which of the following categories:
A.
Fixed-price
B.
cost-reimbursement
C.
Time-and-material contracts
D.
All of the above
Answer:
D
|
Question: 7
|
A
pre-contract agreement that merely communicates any agreed-to terms and
conditions that will apply when an order is placed by the buyer is known as:
A.
Macro agreement
B.
Universal agreement
C.
Fixed agreement
D.
Approved agreement
Answer:
B
|
Question: 8
|
What
clause can provide for price increases based on the seller’s costs but not on
the seller’s decision to increase the prices of its products and services?
A.
Economic price adjustment
B.
Variable-price adjustment
C.
Prices & Taxes adjustment
D.
Appropriate price adjustment
Answer:
A
|
Question: 9
|
Governments
commonly use what type of contracts when contracting with universities and
non-profit organizations for research projects?
A.
Written contracts
B.
Variable contracts
C.
Cost reimbursement contracts
D.
Cost sharing contracts
Answer:
C
|
Question: 10
|
The
cost-plus-a-percentage-of-cost contract provides for the seller to receive
reimbursement for its actual cost and a profit component, called __________,
equal to some predetermined percentage of its actual costs.
A.
fee
B.
statement
C.
penalty
D.
None of the above
Answer:
A
|
Question: 11
|
Which
of the following has the fundamental purpose to motivate desired performance in
one or more specific areas?
A.
Contract incentive
B.
Contract pricing
C.
Objective incentive
D.
Contract penalties
Answer:
A
|
Question: 12
|
Those
incentives that use predetermined formula-based methods to calculate the amount
of incentive, either positive or negative, in one or more designated areas are
called:
A.
Objectively-based and evaluated
B.
Subjectively-based and evaluated
C.
Early-based and evaluated
D.
Final-based and evaluated
Answer: A
|
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