NCMA CPCM - Certified Professional Contracts Manager Exam
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Total 144 questions
Question #1 (Topic: Single Topic)
The solicitation specifications and statement of work contain:
A. Administrative requirements
B. Technical requirements
C. Company policy
D. Pricing contracts
Answer: B
Question #2 (Topic: Single Topic)
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 (Topic: Single Topic)
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 (Topic: Single Topic)
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 (Topic: Single Topic)
____________ 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
