CPCM Exam Questions With Complete Solutions

Competitive negotiation correct answer: A method of contracting involving a RFP that states: -The buyer's requirements and criteria for evaluation -Submission of timely proposals by a maximum number of offerors -discussion with those offerors found to be within the competitive range -award of a contract to the one offeror whose offer, price and other consideration factors are most advantageous to the buyer R&D Contract correct answer: A contract for basic research applied research, or development SBIR correct answer: Small Business Innovation Research Program-Agencies over $100M required to set aside a fixed percent of their budget for small business Basic Research correct answer: primary aim to gain a fuller understanding of subject rather than application of that knowledge Applied Research correct answer: 1. Follows basic research 2. Attempts to find improvements in technology, materials processes, methods, devices, or techniques Development correct answer: The use of scientific and technical knowledge in the design, dev, testing or evaluation of a potential new product or service - or improvement. INCLUDES: Design engineering