CERTIFIED CONTRACT MANAGER (CCM)
EXAM QUESTION AND CORRECT
ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2026 Q&A INSTANT
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1. The primary objective of contract management is to
A. Eliminate all risks
B. Maximize supplier profits
C. Ensure contractual obligations are fulfilled effectively
D. Replace legal counsel
Answer: C
Rationale: Contract management focuses on ensuring both parties meet agreed
obligations while achieving value and compliance.
2. Which phase comes first in the contract lifecycle?
A. Contract administration
B. Contract closeout
C. Contract planning
D. Contract negotiation
Answer: C
Rationale: Contract planning defines needs, scope, and strategy before
solicitation or negotiation.
3. A contract that requires one party to perform an action is known as
A. Bilateral contract
B. Void contract
, C. Unilateral contract
D. Executory contract
Answer: C
Rationale: A unilateral contract involves a promise in exchange for performance
by one party.
4. Which document formally invites suppliers to submit bids?
A. Purchase order
B. Memorandum of understanding
C. Request for Proposal (RFP)
D. Statement of work
Answer: C
Rationale: An RFP solicits proposals outlining how suppliers will meet
requirements.
5. The statement of work (SOW) primarily defines
A. Payment terms
B. Legal remedies
C. Scope, deliverables, and performance standards
D. Dispute resolution
Answer: C
Rationale: The SOW clarifies what work will be done, how, and to what
standard.
6. Which contract type places the greatest cost risk on the contractor?
A. Cost-plus
B. Time and materials
C. Firm fixed-price
D. Cost-reimbursable
Answer: C
Rationale: In fixed-price contracts, contractors bear the risk of cost overruns.
, 7. Acceptance of a contract offer must be
A. Conditional
B. Delayed
C. Unequivocal
D. Implied only
Answer: C
Rationale: Acceptance must clearly and unconditionally agree to the offer terms.
8. Consideration in a contract refers to
A. Negotiation process
B. Legal capacity
C. Something of value exchanged
D. Written documentation
Answer: C
Rationale: Consideration is the value each party gives or promises.
9. A contract lacking legal purpose is
A. Voidable
B. Executed
C. Void
D. Valid
Answer: C
Rationale: Contracts with illegal purposes are void and unenforceable.
10.Which clause allocates responsibility for losses or damages?
A. Force majeure
B. Termination
C. Indemnification
D. Assignment
Answer: C
Rationale: Indemnification clauses shift liability between parties.
EXAM QUESTION AND CORRECT
ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2026 Q&A INSTANT
DOWNLOAD PDF
1. The primary objective of contract management is to
A. Eliminate all risks
B. Maximize supplier profits
C. Ensure contractual obligations are fulfilled effectively
D. Replace legal counsel
Answer: C
Rationale: Contract management focuses on ensuring both parties meet agreed
obligations while achieving value and compliance.
2. Which phase comes first in the contract lifecycle?
A. Contract administration
B. Contract closeout
C. Contract planning
D. Contract negotiation
Answer: C
Rationale: Contract planning defines needs, scope, and strategy before
solicitation or negotiation.
3. A contract that requires one party to perform an action is known as
A. Bilateral contract
B. Void contract
, C. Unilateral contract
D. Executory contract
Answer: C
Rationale: A unilateral contract involves a promise in exchange for performance
by one party.
4. Which document formally invites suppliers to submit bids?
A. Purchase order
B. Memorandum of understanding
C. Request for Proposal (RFP)
D. Statement of work
Answer: C
Rationale: An RFP solicits proposals outlining how suppliers will meet
requirements.
5. The statement of work (SOW) primarily defines
A. Payment terms
B. Legal remedies
C. Scope, deliverables, and performance standards
D. Dispute resolution
Answer: C
Rationale: The SOW clarifies what work will be done, how, and to what
standard.
6. Which contract type places the greatest cost risk on the contractor?
A. Cost-plus
B. Time and materials
C. Firm fixed-price
D. Cost-reimbursable
Answer: C
Rationale: In fixed-price contracts, contractors bear the risk of cost overruns.
, 7. Acceptance of a contract offer must be
A. Conditional
B. Delayed
C. Unequivocal
D. Implied only
Answer: C
Rationale: Acceptance must clearly and unconditionally agree to the offer terms.
8. Consideration in a contract refers to
A. Negotiation process
B. Legal capacity
C. Something of value exchanged
D. Written documentation
Answer: C
Rationale: Consideration is the value each party gives or promises.
9. A contract lacking legal purpose is
A. Voidable
B. Executed
C. Void
D. Valid
Answer: C
Rationale: Contracts with illegal purposes are void and unenforceable.
10.Which clause allocates responsibility for losses or damages?
A. Force majeure
B. Termination
C. Indemnification
D. Assignment
Answer: C
Rationale: Indemnification clauses shift liability between parties.
