CPCM Exam || 100% Certified Solutions.
Accountability correct answers An obligation or willingness to accept responsibility for one's
actions
Character correct answers A leadership competency that says that contract leaders must be able
to perform contract management with the highest standards of ethical behavior and with
integrity, decisiveness and optimism
Collaboration correct answers Working jointly with others or together, especially in an
intellectual endeavor
Competence correct answers A leadership competency that says that a contract leader must be
technically proficient in contract management with a broad understanding of the practices,
policies, and procedures inherent to contract management
Consensus correct answers General agreement; group solidarity in sentiment and belief
Decisiveness correct answers The capacity to make decisions even when the decision may not be
popular or may pose risk
Ethics correct answers The principles of conduct governing n individual or a group
Feedback correct answers Information about reactions to a person's performance of a task, used
as a basis for
Improvement
Integrative thinking correct answers The ability to face constructively the tension of opposing
ideas and, instead of choosing one at the expense of the other, to create a resolution in the form
of a new, superior idea that contains elements of each of the ideas
Integrity correct answers Having the courage to do what you say you will do; following through
on promises in a manner that promotes trustworthiness
Intuition correct answers The ability to assess a situation and know instinctively what to do, by
blending fact with instinct and other intangible factors
Letter of the Law correct answers The literal interpretation of a rule or standard, but not
necessarily the intent of those who wrote it
Mentoring correct answers The development by leaders of other leaders
Optimism correct answers The ability to give hope and instill confidence in others; giving
followers something to look forward to and helping them see the way through chaos and
complexity
,Spirit of the Law correct answers The intended interpretation of a rule or standard, but. Or
necessarily what is conveyed in the literal wording
Succession planning correct answers Empowering others and helping them develop, so they
become capable of taking over the leader's job
Values correct answers Individual or personal standards of what is valuable or important
Vision correct answers Being able to see the possibilities for a better future and guiding others on
getting there
Accounting correct answers 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 correct answers A formal communications network that supplies relevant
information for planning, control, decision-making, and evaluation.
Acid test ratio correct answers The ratio determining how well the company's current liabilities
can be satisfied by its current assets less inventory.
Activity-based costing system correct answers An accounting system focused on production
cycle and based on the principles that an output needs activities to produce it and that those
activities use certain resources; assigns costs through cost drivers that the activities use to create
the outputs.
Administrative lead time correct answers A measurement used by some organizations of howling
it takes to award a contract,starting when a procurement request is received and ending when the
contract is awarded.
Asset correct answers Something a company owns that has value and that can be sold or used by
the company to make products or provide services that can be sold
Balance sheet correct answers Provides detailed information about a company's assets, liabilities,
and shareholder equity
Bottom line correct answers A company's total earnings or losses over a specific time period,
after accounting for costs and expenses; also called net income.
Burn rate correct answers An average of the estimated costs per month, often based on staffing
estimates, used for estimating funding requirements.
Cash flow statement correct answers A statement reporting a company's inflow and outflow of
cash; generally includes operating activities, investing activities, and financing activities.
, Competition correct answers The effort or action of two or more commercial companies to
obtain the same business from a third party
Contingency planning correct answers Involves "what if?" Analysis to look at various situations
if certain environmental or economic conditions change
Current correct answers Current assets are assets which can be converted into cash within one
year; current liabilities are obligations that a business must pay within one year.
Current ratio correct answers The ratio of current assets to current liabilities
Debt-to-Equity Ratio correct answers The ratio measuring the relationship of debt and
shareholder equity used to finance the company's operations
Demand correct answers Describes how buyers shave in the marketplace; the quantity a buyer
demands is what a buyer is willing to buy at a particular price
Directing correct answers The management of people and processes to accomplish objectives
Economics correct answers The science concerned with making decisions with scarce resources
such as labor, capital goods, and natural resources
Electronic government (e-government) correct answers The use by the government.m of the
Internet and other information technologies, together with the processes and people needed to
implement them, to enhance the delivery of information and services to the public and others to
make improvements in government operations
Equity correct answers The amount of money that would be left if a company sold all of its
assets and paid off all of its liabilities; this amount, also called capital or net worth, belongs to
the owner(s) of the company
FedBizOpps correct answers A we -based portal (www.fbo.gov) that allows vendors to review
federal business opportunities, and buyers to create opportunity notices and awards, using
secured accounts.
Financial analysis correct answers An assessment of the viability, stability, and profitability of a
business
Generally Accepted Accounting Principles (GAAP) correct answers A set of uniform accounting
rules for assigning and measuring contract data to accurately represent an organization's financial
condition; no regulatory guidance developed and used by certified public accountants
Gross Profit correct answers The subtotal of total revenue made during an accounting period,
minus any returns or discounts and the costs of goods sold, before deducting operating expenses
Accountability correct answers An obligation or willingness to accept responsibility for one's
actions
Character correct answers A leadership competency that says that contract leaders must be able
to perform contract management with the highest standards of ethical behavior and with
integrity, decisiveness and optimism
Collaboration correct answers Working jointly with others or together, especially in an
intellectual endeavor
Competence correct answers A leadership competency that says that a contract leader must be
technically proficient in contract management with a broad understanding of the practices,
policies, and procedures inherent to contract management
Consensus correct answers General agreement; group solidarity in sentiment and belief
Decisiveness correct answers The capacity to make decisions even when the decision may not be
popular or may pose risk
Ethics correct answers The principles of conduct governing n individual or a group
Feedback correct answers Information about reactions to a person's performance of a task, used
as a basis for
Improvement
Integrative thinking correct answers The ability to face constructively the tension of opposing
ideas and, instead of choosing one at the expense of the other, to create a resolution in the form
of a new, superior idea that contains elements of each of the ideas
Integrity correct answers Having the courage to do what you say you will do; following through
on promises in a manner that promotes trustworthiness
Intuition correct answers The ability to assess a situation and know instinctively what to do, by
blending fact with instinct and other intangible factors
Letter of the Law correct answers The literal interpretation of a rule or standard, but not
necessarily the intent of those who wrote it
Mentoring correct answers The development by leaders of other leaders
Optimism correct answers The ability to give hope and instill confidence in others; giving
followers something to look forward to and helping them see the way through chaos and
complexity
,Spirit of the Law correct answers The intended interpretation of a rule or standard, but. Or
necessarily what is conveyed in the literal wording
Succession planning correct answers Empowering others and helping them develop, so they
become capable of taking over the leader's job
Values correct answers Individual or personal standards of what is valuable or important
Vision correct answers Being able to see the possibilities for a better future and guiding others on
getting there
Accounting correct answers 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 correct answers A formal communications network that supplies relevant
information for planning, control, decision-making, and evaluation.
Acid test ratio correct answers The ratio determining how well the company's current liabilities
can be satisfied by its current assets less inventory.
Activity-based costing system correct answers An accounting system focused on production
cycle and based on the principles that an output needs activities to produce it and that those
activities use certain resources; assigns costs through cost drivers that the activities use to create
the outputs.
Administrative lead time correct answers A measurement used by some organizations of howling
it takes to award a contract,starting when a procurement request is received and ending when the
contract is awarded.
Asset correct answers Something a company owns that has value and that can be sold or used by
the company to make products or provide services that can be sold
Balance sheet correct answers Provides detailed information about a company's assets, liabilities,
and shareholder equity
Bottom line correct answers A company's total earnings or losses over a specific time period,
after accounting for costs and expenses; also called net income.
Burn rate correct answers An average of the estimated costs per month, often based on staffing
estimates, used for estimating funding requirements.
Cash flow statement correct answers A statement reporting a company's inflow and outflow of
cash; generally includes operating activities, investing activities, and financing activities.
, Competition correct answers The effort or action of two or more commercial companies to
obtain the same business from a third party
Contingency planning correct answers Involves "what if?" Analysis to look at various situations
if certain environmental or economic conditions change
Current correct answers Current assets are assets which can be converted into cash within one
year; current liabilities are obligations that a business must pay within one year.
Current ratio correct answers The ratio of current assets to current liabilities
Debt-to-Equity Ratio correct answers The ratio measuring the relationship of debt and
shareholder equity used to finance the company's operations
Demand correct answers Describes how buyers shave in the marketplace; the quantity a buyer
demands is what a buyer is willing to buy at a particular price
Directing correct answers The management of people and processes to accomplish objectives
Economics correct answers The science concerned with making decisions with scarce resources
such as labor, capital goods, and natural resources
Electronic government (e-government) correct answers The use by the government.m of the
Internet and other information technologies, together with the processes and people needed to
implement them, to enhance the delivery of information and services to the public and others to
make improvements in government operations
Equity correct answers The amount of money that would be left if a company sold all of its
assets and paid off all of its liabilities; this amount, also called capital or net worth, belongs to
the owner(s) of the company
FedBizOpps correct answers A we -based portal (www.fbo.gov) that allows vendors to review
federal business opportunities, and buyers to create opportunity notices and awards, using
secured accounts.
Financial analysis correct answers An assessment of the viability, stability, and profitability of a
business
Generally Accepted Accounting Principles (GAAP) correct answers A set of uniform accounting
rules for assigning and measuring contract data to accurately represent an organization's financial
condition; no regulatory guidance developed and used by certified public accountants
Gross Profit correct answers The subtotal of total revenue made during an accounting period,
minus any returns or discounts and the costs of goods sold, before deducting operating expenses
