NCMA CCMA Study Guide (Certified Contract Management Associate) Questions With Complete Solutions

The actions of a contract manager to develop solicitations, develop offers, form contracts, perform contracts, and close contracts. correct answer: Contract Management The authorized representative or agent for a contracting party. correct answer: Contract Manager A mutually binding legal relationship obligating the seller to furnish supplies or services and the buyer to provide consideration in exchange for them. correct answer: Contract The execution of the terms of a contract. correct answer: Contract performance For contract management, these principles apply to all contract managers in all phases of the contract life cycle. correct answer: Guiding Principles The phases of a contract: pre-award, award, and post-award. correct answer: Contract Life Cycle Phases The areas within a contract life cycle phase that produce significant contract management outcomes. correct answer: Domains The processes utilized to produce the expected contract management outcomes of the domains. These processes involve the ability to perform multiple job tasks, both simultaneously and sequentially, while achieving meaningful results. correct answer: Competencies The tasks performed on a routine basis by contract managers. Contract managers systematically process the job tasks to achieve the expected results of the competencies. correct answer: Job Tasks The process of managing contracts throughout the contract life cycle while ensuring customer satisfaction. correct answer: Contract Management