NCMA CPCM PRACTICE QUESTIONS AND ANSWERS
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?
-Intuition
-Fact finding
-Analysis
-Consultation
Intuition
When pre-planning strategies for making a decision, the leader should:
-Dispel assumptions that can negatively a ffect his/her leadership role
-Assume others think in a certain way
-Provide no indication of his/her position on the strategy as the team deliberates
-Avoid the spotlight
Dispel assumptions that can negatively affect his/her leadership role
Previous
A decisive leader is:
-Aggressive and competent
-Competent and effective
-Confident and competent
-Confident and effective
Confident and effective
The act of moving goods out of one's internal organization to another organization due
to loss of value is:
-Transition
-Disposal
-Investment Recovery
-Disposition
Disposition
The statement "The probability of a delivery failure is only 10%, but the impact on our
mission would be catastrophic" is an example of _________________.
-Risk mitigation
,-Components of risk
-Risk management
-Probability analysis
Components of risk
Which of the following is not a responsibility of Supply Chain Management?
-Standardizing requirements
-Achieve low cost contracts
-Maximizing quality
-Foster cross-functional relationships
Achieve low cost contracts
An Organizational Conflict of Interest exists when:
-Only one contractor is competing for the contract
-More than one contractor is incentivized to compete for a contract
-The nature of the work to be performed under a contract may result in an unfair
competitive advantage to the contractor
-The contractor selected for award will have an unfair competitive advantage for future
work.
The nature of the work to be performed under a contract may result in an unfair
competitive advantage to the contractor
No debt may be paid out of public funds unless Congress has made an
______________ for that purpose.
-Authorization
-Allotment
-Obligation
-Appropriation
Appropriation
Which of the following describes perfect competition?
-Many independent buyers, few independent sellers, easy entry to market balanced
pricing between buyers and sellers
-Many independent buyers, many independent sellers, moderate entry to market,
balanced costs between buyers and sellers
-Some independent buyers, some independent sellers, moderate entry to market,
balanced pricing between buyers and sellers
-Many independent buyers, many independent sellers, easy entry to market, balanced
pricing between buyers and sellers
,Many independent buyers, many independent sellers, easy entry to market, balanced
pricing between buyers and sellers
A brief statement of the goal to be achieved, the end product desired, or the basic
purpose of a requirement is called what?
-Statement of Work
-Acquisition plan
-Scope
-Objective
Objective
An acquisition of an IT system is divided into several smaller acquisition 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?
-Modular contracting
-Gap filling
-Electronic commerce
-Poor acquisition planning
Modular contracting
Patent, copyright, and trademark are forms of what?
-Real property
-Intellectual property
-Trade secrets
-Property rights
Intellectual property
Stipulated damages are also called:
-Reliance damages
-Liquidated damages
-Restitution
-Specific damages
Liquidated damages
The following are all types of source selection except:
-Negotiated
-Simplified acquisition
, -Sealed bidding
-Compliance matrix
Compliance matrix
What is an affirmative claim?
-A claim made by the government against a contractor
-A claim in which the contractor has documented actual cost data
-A claim found valid by a judge and/or jury
-Any claim in which the final decision is rendered by the contracting o fficer
A claim made by the government against a contractor
A cure notice or show cause notice typically precedes what?
-A termination for convenience
-A contract cancellation
-A termination for default
-A termination by mutual consent
A termination for default
Partnerships and joint ventures are typical examples of what?
-Teaming agreements
-Conflicts of interest
-Subcontracts
-Supply chains
Teaming agreements
The process of transferring and translating requirements from a prime contract to a
subcontract in support of the prime contract is called what?
-Facilitating clauses
-Privity of contract
-Risk sharing
-Flow down
Flow down
What is learning by choice?
-Taking learning opportunities when they appear
-Learning on the job
-Making learning goals and pursuing them
-Learning because someone tells you to
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?
-Intuition
-Fact finding
-Analysis
-Consultation
Intuition
When pre-planning strategies for making a decision, the leader should:
-Dispel assumptions that can negatively a ffect his/her leadership role
-Assume others think in a certain way
-Provide no indication of his/her position on the strategy as the team deliberates
-Avoid the spotlight
Dispel assumptions that can negatively affect his/her leadership role
Previous
A decisive leader is:
-Aggressive and competent
-Competent and effective
-Confident and competent
-Confident and effective
Confident and effective
The act of moving goods out of one's internal organization to another organization due
to loss of value is:
-Transition
-Disposal
-Investment Recovery
-Disposition
Disposition
The statement "The probability of a delivery failure is only 10%, but the impact on our
mission would be catastrophic" is an example of _________________.
-Risk mitigation
,-Components of risk
-Risk management
-Probability analysis
Components of risk
Which of the following is not a responsibility of Supply Chain Management?
-Standardizing requirements
-Achieve low cost contracts
-Maximizing quality
-Foster cross-functional relationships
Achieve low cost contracts
An Organizational Conflict of Interest exists when:
-Only one contractor is competing for the contract
-More than one contractor is incentivized to compete for a contract
-The nature of the work to be performed under a contract may result in an unfair
competitive advantage to the contractor
-The contractor selected for award will have an unfair competitive advantage for future
work.
The nature of the work to be performed under a contract may result in an unfair
competitive advantage to the contractor
No debt may be paid out of public funds unless Congress has made an
______________ for that purpose.
-Authorization
-Allotment
-Obligation
-Appropriation
Appropriation
Which of the following describes perfect competition?
-Many independent buyers, few independent sellers, easy entry to market balanced
pricing between buyers and sellers
-Many independent buyers, many independent sellers, moderate entry to market,
balanced costs between buyers and sellers
-Some independent buyers, some independent sellers, moderate entry to market,
balanced pricing between buyers and sellers
-Many independent buyers, many independent sellers, easy entry to market, balanced
pricing between buyers and sellers
,Many independent buyers, many independent sellers, easy entry to market, balanced
pricing between buyers and sellers
A brief statement of the goal to be achieved, the end product desired, or the basic
purpose of a requirement is called what?
-Statement of Work
-Acquisition plan
-Scope
-Objective
Objective
An acquisition of an IT system is divided into several smaller acquisition 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?
-Modular contracting
-Gap filling
-Electronic commerce
-Poor acquisition planning
Modular contracting
Patent, copyright, and trademark are forms of what?
-Real property
-Intellectual property
-Trade secrets
-Property rights
Intellectual property
Stipulated damages are also called:
-Reliance damages
-Liquidated damages
-Restitution
-Specific damages
Liquidated damages
The following are all types of source selection except:
-Negotiated
-Simplified acquisition
, -Sealed bidding
-Compliance matrix
Compliance matrix
What is an affirmative claim?
-A claim made by the government against a contractor
-A claim in which the contractor has documented actual cost data
-A claim found valid by a judge and/or jury
-Any claim in which the final decision is rendered by the contracting o fficer
A claim made by the government against a contractor
A cure notice or show cause notice typically precedes what?
-A termination for convenience
-A contract cancellation
-A termination for default
-A termination by mutual consent
A termination for default
Partnerships and joint ventures are typical examples of what?
-Teaming agreements
-Conflicts of interest
-Subcontracts
-Supply chains
Teaming agreements
The process of transferring and translating requirements from a prime contract to a
subcontract in support of the prime contract is called what?
-Facilitating clauses
-Privity of contract
-Risk sharing
-Flow down
Flow down
What is learning by choice?
-Taking learning opportunities when they appear
-Learning on the job
-Making learning goals and pursuing them
-Learning because someone tells you to
