CPCM Practice Exam 4 Questions With Complete Solutions

CPCM Practice Exam 4 Questions With Complete Solutions 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 - answerB:Information filtering Which of the following is not a competency of Guiding Principles? A:Team Dynamics B Regulatory Assessment C:Contract Principles D:Collaboration - answerD: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 - answerD:Tacit Knowledge Complete the equation: All the information + all the _________ = Knowledge A:Collaboration B:Experience C:Value D:Resources - answerB:Experience Which of the following is not a requirement of a written contract for the sale of goods? A:The place of delivery B:The signature of the buying party C:A specified quantity D:Sufficient detail to indicate that a contract for sale has been made - answerA:The place of delivery No debt may be paid out of public funds unless Congress has made an ______________ for that purpose. A:Obligation B:Allotment C:Appropriation D:Authorization - answerC:Appropriation Which of the following is not one of the tenets of a successful contract management team? A:Openness to change B:Communication C:Shared leadership D:Trust - answerC:Shared leadership During contract performance which party is most likely to bear the risk of loss? A:The seller B:The buyer C:The party who had title to the goods when the loss occurred D:The party who had control of the goods when the loss occurred - answerD:The party who had control of the goods when the loss occurred The negotiation between the buyer and s