NCMA CCMA UPDATED Exam Questions
and CORRECT Answers
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
, Negotiations, changes, requirement interpretations, deliverables, contract terms and
conditions, and risk management are actions of who? - CORRECT ANSWER- Contract
Manager
The contracted party with the requirement for goods and/or services to be fulfilled by one or
more sellers. - CORRECT ANSWER- Buyer
The contracted party tasked with fulfilling the buyer's requirement for goods and/or services.
- CORRECT ANSWER- Seller
The process by which efforts of all personnel responsible for acquiring goods or services are
coordinated and integrated through a comprehensive plan for fulfilling the customer need in a
timely manner at a reasonable cost. - CORRECT ANSWER- Plan Solicitation
The process of implementing the solicitation plan by soliciting responses from sellers in order
to fulfill a customer need. - CORRECT ANSWER- Request Offers
The process of describing all the elements of the customer requirements (technical, business,
regulatory, etc.) to the sellers. - CORRECT ANSWER- Develop Solicitation
The organization's ability to execute the sales plan as it assembles an offer to win business. -
CORRECT ANSWER- Prepare Offer
The process of Determining reasonable cost and pricing, Conducting negotiations, Selecting
the source, and Managing disagreements. - CORRECT ANSWER- Form Contract
The process of examining and evaluating an offeror's proposed price without evaluation of
the separate detailed cost elements and proposed profit of the offeror's price proposal. -
CORRECT ANSWER- Price Analysis
The process of preparing for interaction between the buyer and seller regarding all aspects of
the offer and its terms, and often involves clarifying requirements and parties requesting
changes or consideration of an alternate approach that may be consistent with the solicitation
requirements. - CORRECT ANSWER- Plan Negotiations
and CORRECT Answers
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
, Negotiations, changes, requirement interpretations, deliverables, contract terms and
conditions, and risk management are actions of who? - CORRECT ANSWER- Contract
Manager
The contracted party with the requirement for goods and/or services to be fulfilled by one or
more sellers. - CORRECT ANSWER- Buyer
The contracted party tasked with fulfilling the buyer's requirement for goods and/or services.
- CORRECT ANSWER- Seller
The process by which efforts of all personnel responsible for acquiring goods or services are
coordinated and integrated through a comprehensive plan for fulfilling the customer need in a
timely manner at a reasonable cost. - CORRECT ANSWER- Plan Solicitation
The process of implementing the solicitation plan by soliciting responses from sellers in order
to fulfill a customer need. - CORRECT ANSWER- Request Offers
The process of describing all the elements of the customer requirements (technical, business,
regulatory, etc.) to the sellers. - CORRECT ANSWER- Develop Solicitation
The organization's ability to execute the sales plan as it assembles an offer to win business. -
CORRECT ANSWER- Prepare Offer
The process of Determining reasonable cost and pricing, Conducting negotiations, Selecting
the source, and Managing disagreements. - CORRECT ANSWER- Form Contract
The process of examining and evaluating an offeror's proposed price without evaluation of
the separate detailed cost elements and proposed profit of the offeror's price proposal. -
CORRECT ANSWER- Price Analysis
The process of preparing for interaction between the buyer and seller regarding all aspects of
the offer and its terms, and often involves clarifying requirements and parties requesting
changes or consideration of an alternate approach that may be consistent with the solicitation
requirements. - CORRECT ANSWER- Plan Negotiations
