CPCM Online Practice Questions and Answers

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

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

The point at which sharing changes to 0/100 is called the , which represents a cost figure.

A. Point of configuration

B. Point of total assumption

C. Pattern point

D. Prototype point

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 NOT the opportunity analysis factor from the seller's perspective?

A. Future business potential

B. Provide added experience and/or new skills

C. Technology and product maturity

D. Resource utilization

Which of the following is NOT the step of managing expectations process?

A. Ask

B. Agree

C. Align

D. Fulfill

In solicitation planning activity of Contract Management Process, what will be the input by using standard forms as a tool and whose output will be procurements documents?

A. Qualified seller list

B. Work results

C. Market conditions

D. Procurement management plan

Executory contracts are those contracts that are formed at one time and performed later.

A. True

B. False

What is determined by evaluating consistency among a potential source's management, technical, and price proposals?

A. Award

B. Realism

C. Disbursement

D. Stability

is a key ingredient in solicitation planning and in the solicitation document to be developed.

A. systematic procedure

B. statement of work

C. standard forms

D. expert judgment