Cpcm test - Study guides, Class notes & Summaries

CPCM Pre-Award Practice Test Questions with Answers Which of the following is true of an RFQ? - 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 c. The RFQ is an informal version of the RFP d. The RFQ results in proposal selection by the buyer A buyer who wanted to ensure that the contractor managed costs effectively would likely prefer which of the following types of contract? - Answer-Cost-plus-incentive-fee Wh...

NCMA CPCM Practice Test Exam questions with verified answers Which of the following requires the use of modular contracting for major IT system purchases? -The Sarbanes-Oxley Act -The Clinger-Cohen Act -SCA -ITRA - CORRECT ANSWER-The Clinger-Cohen Act Who is responsible for ensuring the contractor's performance is in accordance with the contract? -The contracting officer -The seller's contract manager -Contract managers on the buyer and seller sides -The government - COR...

CPCM Pre-Award Practice Test

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...

CPCM Exam 2024 Questions with Answers Accounting - Answer-The way an organization collects, organizes, and records financial information for making management decisions; the way to report a company's transactions and to maintain accountability for its assets and liabilities. Accounting System - Answer-A formal communications network that supplies relevant information for planning, control, decision-making, and evaluation. Acid test ratio - Answer-The ratio determining how well the compan...

CPCM Study Guide Questions with Correct Answers Basic Agreement - Answer-written negotiated agreement between the buyer and seller that contains terms and conditions and serves as an agreement for future contracts between the parties but is not considered a contract RFQ - Answer-normally used in simplified acquisition or negotiated procurement when award will be made after negotiations. Only considered a contract through supplier signature or the start of work. acid test ratio - Answer-ho...

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 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 ANSWER- Modula...

NCMA CPCM| CONTRACT MANAGEMENT BODY OF KNOWLEDGE TEST BANK WITH CORRECT ANSWERS| UPDATED 2024

NCMA CPCM Practice Test Questions and answers, VERIFIED/ Which of the following requires the use of modular contracting for major IT system purchases? -The Sarbanes-Oxley Act -The Clinger-Cohen Act -SCA -ITRA The Clinger-Cohen Act Who is responsible for ensuring the contractor's performance is in accordance with the contract? -The contracting officer -The seller's contract manager -Contract managers on the buyer and seller sides -The government Contract managers on the buyer and ...