NCMA CCMA Study Guide- Questions and Answers
The contracted party tasked with fulfilling the buyer's requirement for goods and/or services.
Correct Ans-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 Ans-Plan Solicitation
The process of implementing the solicitation plan by soliciting responses from sellers in order
to fulfill a customer need. Correct Ans-Request Offers
The process of describing all the elements of the customer requirements (technical, business,
regulatory, etc.) to the sellers. Correct Ans-Develop Solicitation
The organization's ability to execute the sales plan as it assembles an offer to win business.
Correct Ans-Prepare Offer
The process of Determining reasonable cost and pricing, Conducting negotiations, Selecting
the source, and Managing disagreements. Correct Ans-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 Ans-Price Analysis
, NCMA CCMA Study Guide- Questions and Answers
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 Ans-Plan Negotiations
The actions of a contract manager to develop solicitations, develop offers, form contracts,
perform contracts, and close contracts. Correct Ans-Contract Management
The authorized representative or agent for a contracting party. Correct Ans-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 Ans-Contract
The execution of the terms of a contract. Correct Ans-Contract performance
For contract management, these principles apply to all contract managers in all phases of the
contract life cycle. Correct Ans-Guiding Principles
The phases of a contract: pre-award, award, and post-award. Correct Ans-Contract Life
Cycle Phases
, NCMA CCMA Study Guide- Questions and Answers
The areas within a contract life cycle phase that produce significant contract management
outcomes. Correct Ans-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 Ans-
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 Ans-Job Tasks
The process of managing contracts throughout the contract life cycle while ensuring customer
satisfaction. Correct Ans-Contract Management
Negotiations, changes, requirement interpretations, deliverables, contract terms and
conditions, and risk management are actions of who? Correct Ans-Contract Manager
The contracted party with the requirement for goods and/or services to be fulfilled by one or
more sellers. Correct Ans-Buyer
The process of analyzing submitted offers in accordance with the solicitation evaluation
criteria to select the source that has the highest probability of satisfactory contract
performance. Correct Ans-Select Source
The contracted party tasked with fulfilling the buyer's requirement for goods and/or services.
Correct Ans-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 Ans-Plan Solicitation
The process of implementing the solicitation plan by soliciting responses from sellers in order
to fulfill a customer need. Correct Ans-Request Offers
The process of describing all the elements of the customer requirements (technical, business,
regulatory, etc.) to the sellers. Correct Ans-Develop Solicitation
The organization's ability to execute the sales plan as it assembles an offer to win business.
Correct Ans-Prepare Offer
The process of Determining reasonable cost and pricing, Conducting negotiations, Selecting
the source, and Managing disagreements. Correct Ans-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 Ans-Price Analysis
, NCMA CCMA Study Guide- Questions and Answers
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 Ans-Plan Negotiations
The actions of a contract manager to develop solicitations, develop offers, form contracts,
perform contracts, and close contracts. Correct Ans-Contract Management
The authorized representative or agent for a contracting party. Correct Ans-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 Ans-Contract
The execution of the terms of a contract. Correct Ans-Contract performance
For contract management, these principles apply to all contract managers in all phases of the
contract life cycle. Correct Ans-Guiding Principles
The phases of a contract: pre-award, award, and post-award. Correct Ans-Contract Life
Cycle Phases
, NCMA CCMA Study Guide- Questions and Answers
The areas within a contract life cycle phase that produce significant contract management
outcomes. Correct Ans-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 Ans-
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 Ans-Job Tasks
The process of managing contracts throughout the contract life cycle while ensuring customer
satisfaction. Correct Ans-Contract Management
Negotiations, changes, requirement interpretations, deliverables, contract terms and
conditions, and risk management are actions of who? Correct Ans-Contract Manager
The contracted party with the requirement for goods and/or services to be fulfilled by one or
more sellers. Correct Ans-Buyer
The process of analyzing submitted offers in accordance with the solicitation evaluation
criteria to select the source that has the highest probability of satisfactory contract
performance. Correct Ans-Select Source
