CPCM Practice Exam 4 Questions with Correct Answers
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Course
CPCM
Institution
CPCM
CPCM Practice Exam 4 Questions with Correct Answers
A government contracting officer representative is designated via a letter of appointment signed by the contracting officer that delineates specific duties and responsibilities. This is an example of:
A:Specified authority
B:Express authori...
CPCM Practice Exam 4 Questions
with Correct Answers
A government contracting officer representative is designated via a letter of appointment
signed by the contracting officer that delineates specific duties and responsibilities. This
is an example of:
A:Specified authority
B:Express authority
C:Delineation of authority
D:Written agency - Answer-B:Express authority
When someone not authorized to act on behalf of a principal causes action by another
party, it is:
A:Implied authority
B:Apparent authority
C:Assumed authority
D:Non-express authority - Answer-B:Apparent authority
Funds appropriated by Congress are commonly restricted in two ways:
A:Intended use and time of availability
B:Dollar ceiling and rescission requirements
C:Dollar ceiling and intended use
D:Competition requirements and time of availability - Answer-A:Intended use and time
of availability
Article 2 of the UCC requires that a written contract must:
A:Be notarized
B:Specify a quantity
C:Specify a delivery date
D:Be enforceable - Answer-B:Specify a quantity
Acquisition statutes are ______________ in the Federal Acquisition Regulation
A:Satisfies their leader's specific training requirements
, B:Has learned relevant competencies
C:Has achieved an 80% or higher in contracting training courses taken
D:Has completed all required training courses - Answer-B:Has learned relevant
competencies
What is an express warranty?
A:Specifically states in the contract a guarantee of fitness
B:Specifically states in the contract what the product will/will not do C:Specifically
warranties merchantability and fitness
D:Specifically warranties the ability of the product to accomplish what it is advertised to
do - Answer-Specifically states in the contract what the product will/will not do
An Organizational Conflict of Interest exists when:
A:The contractor selected for award will have an unfair competitive advantage for future
work.
B:The nature of the work to be performed under a contract may result in an unfair
competitive advantage to the contractor.
C:More than one contractor is incentivized to compete for a contract. D:Only one
contractor is competing for the contract. - Answer-B:The nature of the work to be
performed under a contract may result in an unfair competitive advantage to the
contractor.
When conducting research, asking "Is this information current, official, and verifiable?"
is an example of what?
A:Problem solving
B:Information filtering
C:Knowledge management
D:Situational assessment - Answer-B:Information filtering
Which of the following is not a competency of Guiding Principles? A:Team Dynamics
B Regulatory Assessment
C:Contract Principles
D:Collaboration - Answer-D:Collaboration
There are four types of knowledge required by contracts managers. The communication
skills needed for a successful negotiation would fall in to which of the following
categories?
A:Strategic Knowledge
B:Explicit Knowledge
C:Procedural Knowledge
D:Tacit Knowledge - Answer-D:Tacit Knowledge
Complete the equation: All the information + all the _________ = Knowledge
A:Collaboration
B:Experience
C:Value
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