NCMA CPCM EXAM 2024 - CONTRACT MANAGEMENT BODY OF KNOWLEDGE EXAM 450 QUESTIONS WITH CORRECT VERIFIED ANSWERS 2024/LATEST UPDATE

NCMA CPCM EXAM 2024 - CONTRACT MANAGEMENT BODY OF KNOWLEDGE EXAM 450 QUESTIONS WITH CORRECT VERIFIED ANSWER S 2024/LATEST UPDATE Recommended basic types of feedback - Answer - Corrective, confirmatory, motivating A decisive leader is - Answe r-Confident and effective Which of the following is a leadership process competency? -a. Character, b. Credibility c. Confidence d. Cooperation) - Answer -Character Which of the following is not a step in the 6 -step Decision -Making process to decisive decision making? (-a. Provide feedback, -b. Implement the decision, -c. Collect internal and external opinions , -d. Pre -plan strategies to make the decision) - Answer -Collect internal and external opinions What can reduce or even eliminate the creative process? - Answer -Forced consensus In which decision -making step should one create objectives and goals? - Answer -Pre-plan strategies An integrative thinker is: - Answer -able to create innovative solutions to problems Step 4 of the 6-step Decision -Making Process advises leaders to create a written plan that: - Answer -Details the problem, determines the root cause, and lists criteria to help choose a solution What reflects a leadership activity for a contract manager? (-a. Resolving a dispute with a supplier., -b. Quoting the Federal Acquisition Regulation. c.Promptly responding to seller inquiries., -d. Developing questions in response to a solicitation.) - Answer - Resolving a dispute with a supplier. Which of the following describes a leader who is developing new leaders? -a. Develops the bottom 20%of the workforce, -b. Treats everyone the same, -c. Grows the organization by addition, -d. Focuses on individual strengths ) - Answer -Focuses on individual strengths What best reflects the relationship between the leader and vision? – Answer -Leader + vision = result Employee is a major component of organizational success. - Answer -Motivation and competencies support the technical application of contract management.. – Answer -Leadership and Management Assuring your organization adheres to high ethical standards is an example of what? - Answer -A leader's focus on character Which of the following can impede leaders from developing a vision? (Failing to consult others, Focusing on the day -to-day, Being inflexible, Living in the past) - Answer -Living in the past When a leader in your organization insists that you accomplish something that you believe is unethical, it likely reflects what? - Answer -Abuse of power Why would contract managers need vision? - Answer - To drive behaviors that achieve the mission Optimism is an important leadership tool, but it can be undermined by: - Answer -Inflexibility You've read FAR 33.103 (Agency Protests) over and over and are still unable to determine if you can go ahead and award the contract. This could be an example of , and your next step could be . – Answer -Insufficient information; consult with stakeholders Character is composed of which three elements? - Answer -Integrity, optimism, decisiveness When pre-planning strategies for making a decision, the leader should: - Answer -Dispel assumptions that can negatively affect his/her leadership role Which of the following is a principle required for an organizational culture of high ethical standards? (-a. Documenting all decisions, -b. Providing rationale for all decisions, -c. Including others in decisions, -d.Lea ding by example) - Answer -Leading by example When your supervisor fails to delegate tasks to you, preferring to do it themselves, what is this called? - Answer -Resisting force to achieving competence Successful contract management depends on the leader's ability to integrate: - Answer -The leadership process competencies If you are an experienced contract management leader and you need to make a fast, high risk decision in an uncertain situation, what is the best approach? - Answer -Intuition Risk management is: - Answer -The ability to efficiently and cost -effectively