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NCMA CPCM QUIZ - CONTRACT MANAGEMENT BODY OF KNOWLEDGE (CMBOK) QUESTIONS AND ANSWERS
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NCMA CPCM QUIZ - CONTRACT MANAGEMENT BODY OF KNOWLEDGE (CMBOK) QUESTIONS AND ANSWERS
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NCMA CPCM QUIZ - CONTRACT MANAGEMENTBODY OF KNOWLEDGE (CMBOK) QUESTIONS AND
ANSWERS 2024 -2025
Recommended,basic,types,of,feedback,,ANS,-,,Corrective,,confirmatory,,motivating
A,decisive,leader,is,,ANS,-,,Confident,and,effective
Which,of,the,following,is,a,leadership,process,competency?,(-a.,Character,,-b.,Credibility,,-
c.,Confidence,,-d.,Cooperation),,ANS,-,,Character
Which,of,the,following,is,not,a,step,in,the,6-step,Decision-Making,process,to,decisive,decision,making?,(-
a.,Provide,feedback,,-b.,Implement,the,decision,,-c.,Collect,internal,and,external,opinions,,,-d.,Pre-
plan,strategies,to,make,the,decision),,ANS,-,,Collect,internal,and,external,opinions
What,can,reduce,or,even,eliminate,the,creative,process?,,ANS,-,,Forced,consensus
In,which,decision-making,step,should,one,create,objectives,and,goals?,,ANS,-,,Pre-plan,strategies
An,integrative,thinker,is:,,ANS,-,,able,to,create,innovative,solutions,to,problems
Step,4,of,the,6-step,Decision-Making,Process,advises,leaders,to,create,a,written,plan,that:,,ANS,-
,,Details,the,problem,,determines,the,root,cause,,and,lists,criteria,to,help,choose,a,solution
What,reflects,a,leadership,activity,for,a,contract,manager?,(-a.,Resolving,a,dispute,with,a,supplier.,,-
b.,Quoting,the,Federal,Acquisition,Regulation.,,-c.,Promptly,responding,to,seller,inquiries.,,-
d.,Developing,questions,in,response,to,a,solicitation.),,ANS,-,,Resolving,a,dispute,with,a,supplier.
Which,of,the,following,describes,a,leader,who,is,developing,new,leaders?,-
a.,Develops,the,bottom,20%,of,the,workforce,,-b.,Treats,everyone,the,same,,-
c.,Grows,the,organization,by,addition,,-d.,Focuses,on,individual,strengths),,ANS,-
,,Focuses,on,individual,strengths
,What,best,reflects,the,relationship,between,the,leader,and,vision?,,ANS,-,,Leader,+,vision,=,result
Employee,__________,is,a,major,component,of,organizational,success.,,ANS,-,,Motivation
_________,and,_________,competencies,support,the,technical,application,of,contract,management..,,A
NS,-,,Leadership,and,Management
Assuring,your,organization,adheres,to,high,ethical,standards,is,an,example,of,what?,,ANS,-
,,A,leader's,focus,on,character
Which,of,the,following,can,impede,leaders,from,developing,a,vision?,(Failing,to,consult,others,,Focusing,
on,the,day-to-day,,Being,inflexible,,Living,in,the,past),,ANS,-,,Living,in,the,past
When,a,leader,in,your,organization,insists,that,you,accomplish,something,that,you,believe,is,unethical,,it,
likely,reflects,what?,,ANS,-,,Abuse,of,power
Why,would,contract,managers,need,vision?,,ANS,-,,To,drive,behaviors,that,achieve,the,mission
Optimism,is,an,important,leadership,tool,,but,it,can,be,undermined,by:,,ANS,-,,Inflexibility
You've,read,FAR,33.103,(Agency,Protests),over,and,over,and,are,still,unable,to,determine,if,you,can,go,ah
ead,and,award,the,contract.,This,could,be,an,example,of,_______________,,and,your,next,step,could,be,
_______________.,,ANS,-,,Insufficient,information;,consult,with,stakeholders
Character,is,composed,of,which,three,elements?,,ANS,-,,Integrity,,optimism,,decisiveness
When,pre-planning,strategies,for,making,a,decision,,the,leader,should:,,ANS,-
,,Dispel,assumptions,that,can,negatively,affect,his/her,leadership,role
,Which,of,the,following,is,a,principle,required,for,an,organizational,culture,of,high,ethical,standards?,(-
a.,Documenting,all,decisions,,-b.,Providing,rationale,for,all,decisions,,-c.,Including,others,in,decisions,,-
d.,Leading,by,example),,ANS,-,,Leading,by,example
When,your,supervisor,fails,to,delegate,tasks,to,you,,preferring,to,do,it,themselves,,what,is,this,called?,,A
NS,-,,Resisting,force,to,achieving,competence
Successful,contract,management,depends,on,the,leader's,ability,to,integrate:,,ANS,-
,,The,leadership,process,competencies
If,you,are,an,experienced,contract,management,leader,and,you,need,to,make,a,fast,,high,risk,decision,in,
an,uncertain,situation,,what,is,the,best,approach?,,ANS,-,,Intuition
Risk,management,is:,,ANS,-,,The,ability,to,efficiently,and,cost-effectively,mitigate,problems
When,tracking,costs,following,the,award,of,a,contract,,what,is,latency?,,ANS,-
,,The,delay,between,when,a,cost,is,incurred,and,when,it,appears,in,the,accounting,system.
This,costing,method,uses,a,two-step,process:,1,-,assign,the,resource,costs,of,each,activity,,and,2,-
,assign,activity,costs,to,the,output:,,ANS,-,,Activity-Based,Costing,System.
The,process,for,creating,the,Resource-Loaded,Schedule,begins,with:,,ANS,-
,,...extracting,a,Work,Breakdown,Structure,from,the,Statement,of,Work.
When,suppliers,are,being,certified,or,pre-qualified,they,have,been:,,ANS,-,,Screened
Regardless,of,an,organization's,contracting,activity,size,and,purpose,,the,following,four,key,functions,of,
management,are,essential:,,ANS,-,,Planning,,Organizing,,Directing,,Controlling
Analysis,to,measure,the,company's,ability,to,meet,current,and,long-
term,obligations,would,use,the,following,ratio:,,ANS,-,,Solvency,Ratio.
, Providing,information,to,satisfy,Federal,contract,reporting,requires,the,comparison,of,current,accountin
g,data,and,a,time-phased,program,budget.,One,standard,approach,is,the,use,of:,,ANS,-
,,An,"S",Curve,that,represents,how,activities,ramp,up,and,tail,off,during,a,project.
Supply,Chain,Management:,,ANS,-
,,Involves,managing,the,activities,to,produce,and,deliver,a,product,or,service,from,suppliers,to,the,end,us
er,customer
A,contracting,officer,is,preparing,to,award,a,contract,for,Advisory,&,Assistance,Services,to,a,small,busine
ss.,The,contracting,officer,wants,to,make,sure,the,small,business,is,financially,capable,of,performing,and,
managing,the,contract.,The,Contracting,Officer,requests,the,contractors,Balance,Sheet,from,the,most,rec
ently,completed,fiscal,year.
What,is,an,example,of,another,item,the,Contracting,Officer,might,consider,requesting,to,make,a,more,in
formed,decision?,,ANS,-,,Cash,flow,statement
Burn,Rate,funding,analysis,"spreads",the,contract,value,over,time,in,a,level-
loading,scheme.,This,technique:,,ANS,-
,,fails,to,consider,project,phases,,or,the,potential,for,programs,to,"ramp-
up",activity,at,the,beginning,,and,"tail,off",at,the,end,of,a,project.
Which,of,the,following,could,mitigate,a,performance,risk?
a.,Use,appropriate,cost,estimating,methods
b.,Provide,timely,and,appropriate,performance,feedback,
c.,Implement,an,effective,earned,value,management,system
d.,Create,an,effective,ethics,and,compliance,internal,control,system,,ANS,-
,,Create,an,effective,ethics,and,compliance,internal,control,system
Which,of,the,following,best,describes,the,project,manager's,role,in,financial,management?
a.,Verifying,the,work,completed,that,needs,to,be,invoiced,for.
b.,Preparing,invoices,and,sending,them,to,the,buyer.
c.,Analyzing,corporate,balance,sheets,and,income,statements.
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