CPCM Online Practice Questions and Answers

Which of the following shows the designated performance area in the subjectively-based and evaluated incentives?

A. Award fees

B. Other special incentives

C. Both A and B

D. Neither A nor B

Liquidated damages are a negative incentive (penalty) for:

A. Over budget

B. Late delivery

C. Do not achieve requirements

D. Requirements gap

When two parties expect except to deal with one another repeatedly for the purchase and sale of good and services, they may decide to enter into a long-term purchase agreement.

A. True

B. False

Which of the following is the step involved in the Supply Management Process?

A. Sourcing

B. Contract close-out

C. Post-Award Activities

D. All of the above

The Project Management Body of Knowledge (PMBOK) is considered by some to be the world's which standard for project management knowledge and practices in today's global marketplace?

A. De facto

B. De jure

C. Enforcement

D. None of the above

The less the seller is involved in the development of the requirements, the higher the risk presented by the contract.

A. True

B. False

A condition that activates a term is called a condition subsequent and the one that suspends a term is called a condition precedent.

A. True

B. False

is a model law developed to standardize commercial contracting law among the states.

A. Uniform Commercial Code

B. Commercial Credit Act

C. Commercial Code Form

D. Uniform Code of Conduct

The theory of a system is that one comprehensive code governs all disputes.

A. Pure civil law

B. Communication law

C. Diversity law

D. None of the above

Prepare yourself and your team, prioritized objectives, select fair standards are all activities of which phase of Contract Negotiation process?

A. Planning

B. Documenting

C. Marketing

D. Walkthroughs