Cpcm 17 Study guides, Class notes & Summaries

CPCM 17 Exam Questions & Answers 2024/2025 The term used when describing the process of the seller providing a portion of the purchase price to the buyer to induce purchase or to influence future purchases is known as a/an - ANSWERSkickback A contract phrase referring to the condition of property to be sold or leased, and generally pertains to a disclaimer of liability is - ANSWERSas is The cause, motive, price, or impelling influence that induces a contracting party to enter a contra...

CPCM 17 Test Questions and Answers All Correct The Service Contract Act - Answer-This legislation requires contractors and subcontractors performing services on covered federal or District of Columbia contracts over a certain dollar threshold to pay service employees in various classes no less than the monetary wage rates and to furnish fringe benefits found prevailing in the locality or in a collective bargaining agreement: service Contract Act and Davis-Bacon Act - Answer-A determination b...

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CPCM 1.7 Contract Financing Exam with Questions and Answers Absorption of costing ANSWER Method of determining the actual cost of a unit of production (either at various stages of completion or when service is provided) which treats fixed indirect costs as product costs. Accrual accounting ANSWER This type of accounting recognizes important concepts, such as receivables due from customers, payables due to vendors, interest due from investments, and other matching concepts, as a means of pr...