NCMA CPCM Quiz - Contract Management Body of Knowledge (CMBOK
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1. Recommended basic types of feedback: Corrective, confirmatory, motivating
2. A decisive leader is: Confident and effective
3. Which of the following is a leadership process competency? (-a. Character, -b.
Credibility, -c. Confidence, -d. Cooperation): Character
4. 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): Collect internal and external opinions
5. What can reduce or even eliminate the creative process?: Forced consensus
6. In which decision-making step should one create objectives and goals?: Pre-plan
strategies
7. An integrative thinker is:: able to create innovative solutions to problems
8. Step 4 of the 6-step Decision-Making Process advises leaders to create a
written plan that:: Details the problem, determines the root cause, and lists criteria to help choose a solution
9. 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.): Resolving a dispute with a supplier.
10. 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): Focuses
on individual strengths
11. What best reflects the relationship between the leader and vision?: Leader +
vision = result
12. Employee __________ is a major component of organizational success.: Motivation
13. _________ and _________ competencies support the technical application of
contract management..: Leadership and Management
14. Assuring your organization adheres to high ethical standards is an example
of what?: A leader's focus on character
15. 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): Living in the past
, NCMA CPCM Quiz - Contract Management Body of Knowledge (CMBOK
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16. When a leader in your organization insists that you accomplish something
that you believe is unethical, it likely reflects what?: Abuse of power
17. Why would contract managers need vision?: To drive behaviors that achieve the mission
18. Optimism is an important leadership tool, but it can be undermined by:: In-
flexibility
19. 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 _______________.: Insufficient
information; consult with stakeholders
20. Character is composed of which three elements?: Integrity, optimism, decisiveness
21. When pre-planning strategies for making a decision, the leader should:: Dispe
assumptions that can negatively affect his/her leadership role
22. 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. Leading by example): Leading
by example
23. When your supervisor fails to delegate tasks to you, preferring to do it
themselves, what is this called?: Resisting force to achieving competence
24. Successful contract management depends on the leader's ability to inte-
grate:: The leadership process competencies
25. 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
26. Risk management is:: The ability to efficiently and cost-effectively mitigate problems
27. When tracking costs following the award of a contract, what is latency?: The
delay between when a cost is incurred and when it appears in the accounting system.
28. This costing method uses a two-step process: 1 - assign the resource costs
of each activity, and 2 - assign activity costs to the output:: Activity-Based Costing System.
29. The process for creating the Resource-Loaded Schedule begins with:: ...extract-
ing a Work Breakdown Structure from the Statement of Work.
30. When suppliers are being certified or pre-qualified they have been:: Screened
, NCMA CPCM Quiz - Contract Management Body of Knowledge (CMBOK
Study online at https://quizlet.com/_hq8sz5
31. Regardless of an organization's contracting activity size and purpose, the fol-
lowing four key functions of management are essential:: Planning, Organizing, Directing,
Controlling
32. Analysis to measure the company's ability to meet current and long-term
obligations would use the following ratio:: Solvency Ratio.
33. Providing information to satisfy Federal contract reporting requires the com-
parison of current accounting data and a time-phased program budget. One
standard approach is the use of:: An "S" Curve that represents how activities ramp up and tail off during
a project.
34. Supply Chain Management:: Involves managing the activities to produce and deliver a product or
service from suppliers to the end user customer
35. A contracting officer is preparing to award a contract for Advisory & As-
sistance Services to a small business. The contracting officer wants to make
sure the small business is financially capable of performing and managing the
contract. The Contracting Officer requests the contractors Balance Sheet from
the most recently completed fiscal year.
What is an example of another item the Contracting Officer might consider
requesting to make a more informed decision?: Cash flow statement
36. Burn Rate funding analysis "spreads" the contract value over time in a lev-
el-loading scheme. This technique:: fails to consider project phases, or the potential for programs to
"ramp-up" activity at the beginning, and "tail off" at the end of a project.
37. Which of the following could mitigate a performance risk?
a. Use appropriate cost estimating methods
b. Provide timely and appropriate performance feedback
c. Implement an effective earned value management system
d. Create an effective ethics and compliance internal control system: Create an
effective ethics and compliance internal control system
38. Which of the following best describes the project manager's role in financial
management?
a. Verifying the work completed that needs to be invoiced for.
b. Preparing invoices and sending them to the buyer.
, NCMA CPCM Quiz - Contract Management Body of Knowledge (CMBOK
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c. Analyzing corporate balance sheets and income statements.
d. Negotiating payment terms with the buyer.: Verifying the work completed that needs to be
invoiced for.
39. A firm fixed-price contract results in __________ buyer risk and __________seller
risk.: Low; high
40. A schedule that outlines what tasks will take place, when they are scheduled
to begin and end, and what resources are needed to accomplish them is
typically created during the Project Planning Phase and is called a ___________.-
: Resource-Loaded Schedule.
41. A Basis of Estimate is prepared for each work package (the lowest level of the
Work Breakdown Structure). It is:: ...a description of how the work will be done, by whom, and the
effort or materials required.
42. Which of the following best describes project management?
a. The planning, organizing, directing and controlling of all aspects of a project.
b. Coordination between executive staff, financial staff and contracts staff to
manage a project effectively.
c. The maintenance of all project documents and timelines with the exception
of contractual document which are managed by the contracts manager.
d. Responsibility for all business functions of an organization including estab-
lishing procedures and directing project completion.: The planning, organizing, directing
and controlling of all aspects of a project.
43. A purchase order has the following two step process that sometimes causes
accounting data entry delays:: 1 - A commitment is made when the order is approved and funds are
deducted, similar to an accrued expense.
2 - The value of the commitment is reduced as the supplier invoices for goods/services.
44. The following is NOT true regarding a "Funds Thru" date:
a. The Antideficiency Act allows the contracting officer to instruct contractors
to work when funds are no longer available.
b. Federal contracts typically contain an admonition that contractors may not
work when there are no funds remaining on the awarD.
c. A "Funds Thru" date is the date when all contract funds will be expendeD.
d. Working beyond the "Funds Thru" date places the contractor at risk that
Study online at https://quizlet.com/_hq8sz5
1. Recommended basic types of feedback: Corrective, confirmatory, motivating
2. A decisive leader is: Confident and effective
3. Which of the following is a leadership process competency? (-a. Character, -b.
Credibility, -c. Confidence, -d. Cooperation): Character
4. 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): Collect internal and external opinions
5. What can reduce or even eliminate the creative process?: Forced consensus
6. In which decision-making step should one create objectives and goals?: Pre-plan
strategies
7. An integrative thinker is:: able to create innovative solutions to problems
8. Step 4 of the 6-step Decision-Making Process advises leaders to create a
written plan that:: Details the problem, determines the root cause, and lists criteria to help choose a solution
9. 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.): Resolving a dispute with a supplier.
10. 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): Focuses
on individual strengths
11. What best reflects the relationship between the leader and vision?: Leader +
vision = result
12. Employee __________ is a major component of organizational success.: Motivation
13. _________ and _________ competencies support the technical application of
contract management..: Leadership and Management
14. Assuring your organization adheres to high ethical standards is an example
of what?: A leader's focus on character
15. 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): Living in the past
, NCMA CPCM Quiz - Contract Management Body of Knowledge (CMBOK
Study online at https://quizlet.com/_hq8sz5
16. When a leader in your organization insists that you accomplish something
that you believe is unethical, it likely reflects what?: Abuse of power
17. Why would contract managers need vision?: To drive behaviors that achieve the mission
18. Optimism is an important leadership tool, but it can be undermined by:: In-
flexibility
19. 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 _______________.: Insufficient
information; consult with stakeholders
20. Character is composed of which three elements?: Integrity, optimism, decisiveness
21. When pre-planning strategies for making a decision, the leader should:: Dispe
assumptions that can negatively affect his/her leadership role
22. 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. Leading by example): Leading
by example
23. When your supervisor fails to delegate tasks to you, preferring to do it
themselves, what is this called?: Resisting force to achieving competence
24. Successful contract management depends on the leader's ability to inte-
grate:: The leadership process competencies
25. 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
26. Risk management is:: The ability to efficiently and cost-effectively mitigate problems
27. When tracking costs following the award of a contract, what is latency?: The
delay between when a cost is incurred and when it appears in the accounting system.
28. This costing method uses a two-step process: 1 - assign the resource costs
of each activity, and 2 - assign activity costs to the output:: Activity-Based Costing System.
29. The process for creating the Resource-Loaded Schedule begins with:: ...extract-
ing a Work Breakdown Structure from the Statement of Work.
30. When suppliers are being certified or pre-qualified they have been:: Screened
, NCMA CPCM Quiz - Contract Management Body of Knowledge (CMBOK
Study online at https://quizlet.com/_hq8sz5
31. Regardless of an organization's contracting activity size and purpose, the fol-
lowing four key functions of management are essential:: Planning, Organizing, Directing,
Controlling
32. Analysis to measure the company's ability to meet current and long-term
obligations would use the following ratio:: Solvency Ratio.
33. Providing information to satisfy Federal contract reporting requires the com-
parison of current accounting data and a time-phased program budget. One
standard approach is the use of:: An "S" Curve that represents how activities ramp up and tail off during
a project.
34. Supply Chain Management:: Involves managing the activities to produce and deliver a product or
service from suppliers to the end user customer
35. A contracting officer is preparing to award a contract for Advisory & As-
sistance Services to a small business. The contracting officer wants to make
sure the small business is financially capable of performing and managing the
contract. The Contracting Officer requests the contractors Balance Sheet from
the most recently completed fiscal year.
What is an example of another item the Contracting Officer might consider
requesting to make a more informed decision?: Cash flow statement
36. Burn Rate funding analysis "spreads" the contract value over time in a lev-
el-loading scheme. This technique:: fails to consider project phases, or the potential for programs to
"ramp-up" activity at the beginning, and "tail off" at the end of a project.
37. Which of the following could mitigate a performance risk?
a. Use appropriate cost estimating methods
b. Provide timely and appropriate performance feedback
c. Implement an effective earned value management system
d. Create an effective ethics and compliance internal control system: Create an
effective ethics and compliance internal control system
38. Which of the following best describes the project manager's role in financial
management?
a. Verifying the work completed that needs to be invoiced for.
b. Preparing invoices and sending them to the buyer.
, NCMA CPCM Quiz - Contract Management Body of Knowledge (CMBOK
Study online at https://quizlet.com/_hq8sz5
c. Analyzing corporate balance sheets and income statements.
d. Negotiating payment terms with the buyer.: Verifying the work completed that needs to be
invoiced for.
39. A firm fixed-price contract results in __________ buyer risk and __________seller
risk.: Low; high
40. A schedule that outlines what tasks will take place, when they are scheduled
to begin and end, and what resources are needed to accomplish them is
typically created during the Project Planning Phase and is called a ___________.-
: Resource-Loaded Schedule.
41. A Basis of Estimate is prepared for each work package (the lowest level of the
Work Breakdown Structure). It is:: ...a description of how the work will be done, by whom, and the
effort or materials required.
42. Which of the following best describes project management?
a. The planning, organizing, directing and controlling of all aspects of a project.
b. Coordination between executive staff, financial staff and contracts staff to
manage a project effectively.
c. The maintenance of all project documents and timelines with the exception
of contractual document which are managed by the contracts manager.
d. Responsibility for all business functions of an organization including estab-
lishing procedures and directing project completion.: The planning, organizing, directing
and controlling of all aspects of a project.
43. A purchase order has the following two step process that sometimes causes
accounting data entry delays:: 1 - A commitment is made when the order is approved and funds are
deducted, similar to an accrued expense.
2 - The value of the commitment is reduced as the supplier invoices for goods/services.
44. The following is NOT true regarding a "Funds Thru" date:
a. The Antideficiency Act allows the contracting officer to instruct contractors
to work when funds are no longer available.
b. Federal contracts typically contain an admonition that contractors may not
work when there are no funds remaining on the awarD.
c. A "Funds Thru" date is the date when all contract funds will be expendeD.
d. Working beyond the "Funds Thru" date places the contractor at risk that
