CPCM Pre-Award Practice Test UPDATED Exam Questions and CORRECT Answers
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CPCM Pre-Award
Institution
CPCM Pre-Award
CPCM Pre-Award Practice Test UPDATED
Exam Questions and CORRECT Answers
What are government Purchase cards used for? - Correct ANSWER- As the method of
contractimg for transactions under the Simplified Acquistion Threshold
An acquisition of an IT system is divided into several smaller acquisi...
CPCM Pre -Award Practice Test UPDA TED Exam Questions and CORRECT Answers What are government Purchase cards used for? - Correct ANSWER - As the method of contractimg for transactions under the Simplified Acquistion Threshold An acquisition of an IT system is divided into several smaller acquisitions increments that provide an opportunity for subsequent increments to take advantage of advances in technology or respond to changing needs. This is an example of what? - Correct ANS WER - Modular Contracting the Reynard -Muldrake Group provides physical security to a Centers for Disease Control laboratory housing biohazardous material. Because different materials are frequently moved in and out of the laboratory, Reynard -Muldrake's costs include not only the wa ges of the guards, but also constant retraining of the guards it employs in safe practices around these materials. It's not possible to accurately estimate the impact of traing requirements on the total hours required.". Which of the following contract typ es would be most appripriat efor this contract? - Correct ANSWER - A-LABOR -HOUR b. Cost plus award fee c. Time and materials d. Firm fixed price, level -of-effort Concerning acquisition planning, which of the following statements is true? - Correct ANSWER - A. IT SHOULD BE VIEWED AS A TEAM EFFORT, INCLUDING THE TALENTS AND INPUT FROM CONTRACTING PERSONNEL, CUSTOMERS, FINANCE EXPERTS, AND LEGAL COUNSEL. b. It should begin immediately after the initial customer contact. c. Since it is a contracting competency, it is solely the responsibility of contracting personnel. d. It should be viewed as a team effort, including the talents and input from contracting personnel, finance experts, technical experts, and legal counsel; but not from customers. Under which of the following contract types does the contractor have the greatest incentive to control costs and perform effectively? - Correct ANSWER - Firm fixed price Why are written Requests for Information (RFI's) less common now than they once were? - Correct ANSWER - Much of the information received in response to an RFI can now be found on the Internet. Which of the following describes a fixed -price redetermination (prospective) contract? (firm price at start and more later) - Correct ANSWER - a. The contractor is paid an agreed -upon sum of $800,000, plus an additional $200,000 for satisfactory contract p erformance, and another additional $200,000 for superior performance. b. The contractor specifies 1,200 hours to complete the contract, and is then paid $1,000 per hour for 1,200 hours of work. c. The contractor is paid an agreed -upon sum of $1 million, plus an additional $200,000 based on published catalog prices for materials used. D. THE CONTRACTOR IS PAID A SUM OF $500,000 FOR THE FIRST 12 MONTHS OF WORK ON THE CONTRACT AND THEN AGREES TO A PRICE OF $700,000 FOR THE NEXT 12 MONTHS OF THE CONTRACT. What two elements of the Statement of Work explain how the quantity, quality, frequency, or other appropriate measures of the seller's work effort will be evaluated? - Correct ANSWER - Performance standards and reporting requirements Negotiating contract type and negotiating prices are closely related and should be considered together. What is the objective this should achieve? - Correct ANSWER - Imposing a reasonable risk on the seller while incentivizing efficient, economical perform ance A simple, straightforward, low -dollar -value acquisition may not require what? - Correct ANSWER - A written acquisition plan Which of the following is true of an RFQ? - Correct ANSWER - a. The RFQ is an offer by the buyer B. THE RFQ MAY BE FOLLOWED BY A PURCHASE ORDER THAT IS AN OFFER BY THE BUYER
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