NCMA CPCM - Certified Professional Contracts Manager Exam
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Total 144 questions
Question #6 (Topic: Single Topic)
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 (Topic: Single Topic)
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 (Topic: Single Topic)
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 (Topic: Single Topic)
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 (Topic: Single Topic)
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.
to some predetermined percentage of its actual costs.
A. fee
B. statement
C. penalty
D. None of the above
Answer: A
