CCMP EXAM STUDY GUIDE 2025 QUESTIONS WITH
ANSWERS RATED A+
✔✔What is a service level agreement (SLA)? - ✔✔a comprehensive tool to monitor and
manage supplier service performance
✔✔What is a statement of work (SOW)? - ✔✔a detailed description of the work to be
performed by the contractor
✔✔What is the first step in creating a statement of work? - ✔✔gathering the business
needs and goals
✔✔Which of the following are fundamental for inclusion in an SLA? 1.) roles and
responsibilities 2.) consequences of failure 3.) performance measurement - ✔✔1, 2 and
3
✔✔Which of the following statements about suppliers quality control and assurance
procedures is/are true? 1.) they should ensure the desired quality level in project
deliverables 2.) they are maintainable and can be enhanced to meet anticipated
changes - ✔✔1 and 2 are true
✔✔What is a teaming agreement - ✔✔a contract under which a company prepares a
bid with one or more companies
✔✔what is one of the drivers to form business consortia to contract for projects - ✔✔the
risk is too great to responsibly be assumed by a single entity
✔✔which of the following statements about the reasons for using agents,
representatives, and distributers is/are true? 1.) a special relationship maybe required
and such relationships are helpful in conducting business in a particular market. -
✔✔Only 1 is true
✔✔a consortium agreement usually requires which of the following? 1.) joint and
several liability 2.) responsibility for own scope 3.) responsibility for others scope - ✔✔1,
2, and 3
✔✔how does European Union law (EU) address the principle of exclusive territory of a
distributor - ✔✔you may be in violation of the law if it is only granted for one EU country
✔✔Identify the missing words in the following sentence: "will the contract document I
am using be ____ and provide my company with the protection it needs?" - ✔✔sufficient
to describe the transition completely
, ✔✔What is important to recognize when creating a contract - ✔✔it should answer
questions and provide remedies to problems in the deal covered
✔✔What is the primary factors that makes quality of drafting critical? - ✔✔clarity
✔✔which of the following terms designates a contractural right or privilege with no
obligation - ✔✔may
✔✔Which of the following terms designates an obligation or duty - ✔✔will
✔✔What factor is critical for equity joint venture partners to anticipate, plan, and agree?
- ✔✔the termination of the JV
✔✔liquidated damages are a form of what - ✔✔compensation
✔✔what contract clause, usually limited to "acts of god", specifies the conditions under
which either of the parties may be excused from performance - ✔✔force majeure
✔✔when a term is specific to the deal, where in the contract will you find its meaning
conveyed? - ✔✔definitions
✔✔which of the following statements about legal review of contract terms is/are true? -
✔✔neither 1 or 2 is true
✔✔which of the following would be most likely lead to termination for cause - ✔✔one
party breaches or threatens to breach the contract
✔✔For a turnkey contract to be successful it must __________? - ✔✔describe in detail
the responsibilities of both parties
✔✔In a turnkey contract, who or what is directly managed by the customer? - ✔✔the
turnkey contractor
✔✔true or false: two of the critical success factors for outsourcing from the purchasers
perspectives are establishing performance benchmarks and understanding how value
can be added by outsourcing - ✔✔true
✔✔which commercial terms, published by the international chamber of commerce are
widely used for delivery terms and international transactions - ✔✔INCOterms
✔✔which of the following are essential terms to include in a product contract? 1.) clear
description of the goods 3.) payment terms 4.) price - ✔✔1, 3, and 4
ANSWERS RATED A+
✔✔What is a service level agreement (SLA)? - ✔✔a comprehensive tool to monitor and
manage supplier service performance
✔✔What is a statement of work (SOW)? - ✔✔a detailed description of the work to be
performed by the contractor
✔✔What is the first step in creating a statement of work? - ✔✔gathering the business
needs and goals
✔✔Which of the following are fundamental for inclusion in an SLA? 1.) roles and
responsibilities 2.) consequences of failure 3.) performance measurement - ✔✔1, 2 and
3
✔✔Which of the following statements about suppliers quality control and assurance
procedures is/are true? 1.) they should ensure the desired quality level in project
deliverables 2.) they are maintainable and can be enhanced to meet anticipated
changes - ✔✔1 and 2 are true
✔✔What is a teaming agreement - ✔✔a contract under which a company prepares a
bid with one or more companies
✔✔what is one of the drivers to form business consortia to contract for projects - ✔✔the
risk is too great to responsibly be assumed by a single entity
✔✔which of the following statements about the reasons for using agents,
representatives, and distributers is/are true? 1.) a special relationship maybe required
and such relationships are helpful in conducting business in a particular market. -
✔✔Only 1 is true
✔✔a consortium agreement usually requires which of the following? 1.) joint and
several liability 2.) responsibility for own scope 3.) responsibility for others scope - ✔✔1,
2, and 3
✔✔how does European Union law (EU) address the principle of exclusive territory of a
distributor - ✔✔you may be in violation of the law if it is only granted for one EU country
✔✔Identify the missing words in the following sentence: "will the contract document I
am using be ____ and provide my company with the protection it needs?" - ✔✔sufficient
to describe the transition completely
, ✔✔What is important to recognize when creating a contract - ✔✔it should answer
questions and provide remedies to problems in the deal covered
✔✔What is the primary factors that makes quality of drafting critical? - ✔✔clarity
✔✔which of the following terms designates a contractural right or privilege with no
obligation - ✔✔may
✔✔Which of the following terms designates an obligation or duty - ✔✔will
✔✔What factor is critical for equity joint venture partners to anticipate, plan, and agree?
- ✔✔the termination of the JV
✔✔liquidated damages are a form of what - ✔✔compensation
✔✔what contract clause, usually limited to "acts of god", specifies the conditions under
which either of the parties may be excused from performance - ✔✔force majeure
✔✔when a term is specific to the deal, where in the contract will you find its meaning
conveyed? - ✔✔definitions
✔✔which of the following statements about legal review of contract terms is/are true? -
✔✔neither 1 or 2 is true
✔✔which of the following would be most likely lead to termination for cause - ✔✔one
party breaches or threatens to breach the contract
✔✔For a turnkey contract to be successful it must __________? - ✔✔describe in detail
the responsibilities of both parties
✔✔In a turnkey contract, who or what is directly managed by the customer? - ✔✔the
turnkey contractor
✔✔true or false: two of the critical success factors for outsourcing from the purchasers
perspectives are establishing performance benchmarks and understanding how value
can be added by outsourcing - ✔✔true
✔✔which commercial terms, published by the international chamber of commerce are
widely used for delivery terms and international transactions - ✔✔INCOterms
✔✔which of the following are essential terms to include in a product contract? 1.) clear
description of the goods 3.) payment terms 4.) price - ✔✔1, 3, and 4
