CPCM Certification exam 100% correctly answered

CPCM Certification exam 100% correctly answered Competitive negotiation - CORRECT ANSWER-A method of contracting involving a RFP that states: -The buyer's requirements and criteria for evaluation -Submission of timely proposals by a maximum number of offerors -discussion with those offerors found to be within the competitive range -award of a contract to the one offeror whose offer, price and other consideration factors are most advantageous to the buyer R&D Contract - CORRECT ANSWER-A contract for basic research applied research, or development SBIR - CORRECT ANSWER-Small Business Innovation Research Program-Agencies over $100M required to set aside a fixed percent of their budget for small business Basic Research - CORRECT ANSWER-primary aim to gain a fuller understanding of subject rather than application of that knowledge Applied Research - CORRECT ANSWER-1. Follows basic research 2. Attempts to find improvements in technology, materials processes, methods, devices, or techniques Development - CORRECT ANSWER-The use of scientific and technical knowledge in the design, dev, testing or evaluation of a potential new product or service - or improvement. INCLUDES: Design engineering prototyping Engineering testing Technical sourcing Cooperative Development - CORRECT ANSWER-Any method by which GOVERNMENTS together make use of their collective R&D resources to include: Technical information Harmonizing of requirements Co-development Interdependent R&D Agreement on Standards Government R&D - CORRECT ANSWER-Purpose: To achieve agency and national goals Commercial R&D - CORRECT ANSWER-Future -oriented, long-term activities for profit Uniform Commercial Code (UCC) - CORRECT ANSWER-Primary source of commercial contract Law -adopted as law by each state -Adopted by all but Louisiana -Governs the sale of any kind of goods -General Principles of contract law Statutory Law - CORRECT ANSWER--Laws passed by legislation -Common Law-judge decision -May require some contracts to be in writing and executed using specific procedures Private Law - CORRECT ANSWER-Includes the terms of the agreement between parties who have exchanged promises for consideration General principles of Contract Law (article 2 of the UCC) - CORRECT ANSWER-- Contract Formation -Seller/Buyer contractual obligations -contract performance Remedies for breach of contract Written contract - CORRECT ANSWER-3 requirements