NCMA cpcm practice test

Certified Professional Contracts Manager Exam


Question 1

To achieve high performance results year after year, companies must take what action to form
successful long-term partnerships?

  • A. unleashing corporate buying and selling power
  • B. changing buying and selling processes and tools
  • C. developing and integrated supply chain
  • D. All of the above
Answer:

D

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Question 2

Supply chain management advocates told buyers that they needed to:

  • A. use fewer suppliers vs. many suppliers
  • B. negotiate long-term contract vs. short-term contracts
  • C. conduct more detailed progress or milestone tracking of suppliers
  • D. All of the above
Answer:

D

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Question 3

Used without normal termination procedures, no-cost settlement can be considered when:

  • A. the seller has indicated it will accept it
  • B. no buyer property was furnished under the contract
  • C. the product or service can be readily obtained elsewhere
  • D. All of the above
Answer:

D

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Question 4

Which of the following is the type of termination?

  • A. termination for cause
  • B. termination by mutual agreement
  • C. no-cost settlement
  • D. All of the above
Answer:

D

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Question 5

What refers to verifying that all administrative matters are concluded on a contract that is otherwise
physically complete?

  • A. Contract termination
  • B. Contract certificate
  • C. Contract closeout
  • D. Contract execution
Answer:

C

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Question 6

Contract closure by mutual agreement or breach of contract is called contract closeout.

  • A. True
  • B. False
Answer:

B

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Question 7

Changes are an inevitable part of contracting, because no one can predict the future with perfect
accuracy.

  • A. True
  • B. False
Answer:

A

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Question 8

A progress report from many observers, and technical reviews and audits is called:

  • A. Direct observation
  • B. Indirect observation
  • C. Contractual audit
  • D. Change observation
Answer:

B

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Question 9

Generally, observing and collecting information cover which three categories of concern?

  • A. compliance, cost control and schedule control
  • B. cost control and schedule control, risk control
  • C. compliance, cost control and performance
  • D. compliance, change control and risk control
Answer:

A

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Question 10

Which of the following is the key policy of contract administration?

  • A. compliance with contract terms and conditions
  • B. effective control of contract changes
  • C. effective resolution of claims and disputes
  • D. All of the above
Answer:

D

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