CPCM EXAMINATION TEST 2025/2026 QUESTIONS WITH
ANSWERS RATED A+
✔✔KM Framework - ✔✔Fast Learning, Knowledge Asset, Communities, and Enabling
Technology
✔✔The Sarbanes-Oxlexy Act (SOX) - ✔✔The substance of the law is to create
requirements to prevent companies from accounting for profits not realized in an effort
to portray value where none exists
✔✔What are the Guiding Principles Competency's? - ✔✔Skills & Roles, Contract
Principles, Standards of Conduct, Regulatory Compliance, Situational Assessment,
Team Dynamics, Communication & Documentation
✔✔The Ant deficiency Act - ✔✔Prohibits Federal employees from: making or
authorizing an expenditure in excess of the amount available in the appropriation,
obligation to pay money before funds have been appropriated
✔✔Wage Rate Requirements (Construction) - ✔✔this act requires a minimum rate of
wages for laborers and mechanics employed on public buildings of the US by
contractors or subcontractors for contracts over $2000. The Department of Labor
maintains the wage determinations
✔✔Buy American Act - ✔✔this states that only such manufactured articles, materials,
and supplies being manufactured in the US from articles, materials, or supplies mined,
produced, or manufactured in the US
✔✔Bonds Act - ✔✔this act requires contract surety bonds on federal construction
projects in domestic construction contracts of 150,000.
✔✔Procurement Act - ✔✔this act provides for an economical and efficient system for
procurement and supply of personal property and nonpersonal services
✔✔Small Business Act - ✔✔this act states that it is the declared policy of the Congress
that the federal government, through the Small Business Administration, actin gin
cooperation with the Department of Commerce, should aid and assist small businesses.
✔✔Public Law 85-804 "Extraordinary Contractual Relief" - ✔✔this law empowers the
president to authorize agencies exercising functions in connection with the national
defense to enter into, amend, and modify contracts, without regard to other provisions of
law related to making, performing, amending, or modifying contracts, whenever the
president considers that such action would facilitate the national defense.
✔✔Service Contract Labor Standards - ✔✔Requires contractors and subcontractors
performing services on covered federal or District of Columbia contracts in excess of
, $2,500 to pay service employees in various classes no less than the monetary wage
rates and to furnish fringe benefits found prevailing in the locality or in a collective
bargaining agreement
✔✔Contract Disputes Act - ✔✔this act states that all claims by a contractor against the
government arising under a contract shall be in writing and shall be submitted to the
contracting officer for a decision.
✔✔Prompt Payment Act - ✔✔this law was enacted in order to ensure that companies
transacting business with the federal government were paid in a timely manner upon
submission of a proper invoice.
✔✔U.N. Convention on Contracts for the International Sale of Goods (CISG) - ✔✔The
purpose of CISG is to provide a modern, uniform, and fair regime for contracts for the
international sale of goods.
✔✔The Arms Export Control Act (AECA) - ✔✔Provides the authority to control the
export of defense articles and services and charges the president to exercise this
authority
✔✔The Foreign Corrupt Practices Act (FCPA) - ✔✔is primarily concerned with the
issues of bribery and other corrupt payments, as well as record-keeping and accounting
provisions to facilitate the review or audit of international transactions.
✔✔Export Administration Regulations (EAR) - ✔✔issued by the Department of
Commerce , laws relating to the control of certain exports, re-exports, and activities.
✔✔The International Traffic in Arms Regulations (ITAR) - ✔✔issued by the Department
of State is responsible for the control of the permanent and temporary export and import
of defense articles and services.
✔✔Basic ordering agreement - ✔✔Similar to a basic agreement, but may also include
terms and conditions intended to describe the types of goods and services that may be
ordered in the future, to define pricing methods that will apply, or to define ordering or
delivery procedures
✔✔Broad agency announcement - ✔✔General announcement of an agency's research
interests, including criteria for selecting proposals and soliciting the participation of all
offerors capable of satisfying the agency's needs
✔✔Copyright - ✔✔A royalty-free, nonexclusive, and irrevocable license to reproduce,
translate, publish, use, and dispose of written or recorded material, and to authorize
others to do so
ANSWERS RATED A+
✔✔KM Framework - ✔✔Fast Learning, Knowledge Asset, Communities, and Enabling
Technology
✔✔The Sarbanes-Oxlexy Act (SOX) - ✔✔The substance of the law is to create
requirements to prevent companies from accounting for profits not realized in an effort
to portray value where none exists
✔✔What are the Guiding Principles Competency's? - ✔✔Skills & Roles, Contract
Principles, Standards of Conduct, Regulatory Compliance, Situational Assessment,
Team Dynamics, Communication & Documentation
✔✔The Ant deficiency Act - ✔✔Prohibits Federal employees from: making or
authorizing an expenditure in excess of the amount available in the appropriation,
obligation to pay money before funds have been appropriated
✔✔Wage Rate Requirements (Construction) - ✔✔this act requires a minimum rate of
wages for laborers and mechanics employed on public buildings of the US by
contractors or subcontractors for contracts over $2000. The Department of Labor
maintains the wage determinations
✔✔Buy American Act - ✔✔this states that only such manufactured articles, materials,
and supplies being manufactured in the US from articles, materials, or supplies mined,
produced, or manufactured in the US
✔✔Bonds Act - ✔✔this act requires contract surety bonds on federal construction
projects in domestic construction contracts of 150,000.
✔✔Procurement Act - ✔✔this act provides for an economical and efficient system for
procurement and supply of personal property and nonpersonal services
✔✔Small Business Act - ✔✔this act states that it is the declared policy of the Congress
that the federal government, through the Small Business Administration, actin gin
cooperation with the Department of Commerce, should aid and assist small businesses.
✔✔Public Law 85-804 "Extraordinary Contractual Relief" - ✔✔this law empowers the
president to authorize agencies exercising functions in connection with the national
defense to enter into, amend, and modify contracts, without regard to other provisions of
law related to making, performing, amending, or modifying contracts, whenever the
president considers that such action would facilitate the national defense.
✔✔Service Contract Labor Standards - ✔✔Requires contractors and subcontractors
performing services on covered federal or District of Columbia contracts in excess of
, $2,500 to pay service employees in various classes no less than the monetary wage
rates and to furnish fringe benefits found prevailing in the locality or in a collective
bargaining agreement
✔✔Contract Disputes Act - ✔✔this act states that all claims by a contractor against the
government arising under a contract shall be in writing and shall be submitted to the
contracting officer for a decision.
✔✔Prompt Payment Act - ✔✔this law was enacted in order to ensure that companies
transacting business with the federal government were paid in a timely manner upon
submission of a proper invoice.
✔✔U.N. Convention on Contracts for the International Sale of Goods (CISG) - ✔✔The
purpose of CISG is to provide a modern, uniform, and fair regime for contracts for the
international sale of goods.
✔✔The Arms Export Control Act (AECA) - ✔✔Provides the authority to control the
export of defense articles and services and charges the president to exercise this
authority
✔✔The Foreign Corrupt Practices Act (FCPA) - ✔✔is primarily concerned with the
issues of bribery and other corrupt payments, as well as record-keeping and accounting
provisions to facilitate the review or audit of international transactions.
✔✔Export Administration Regulations (EAR) - ✔✔issued by the Department of
Commerce , laws relating to the control of certain exports, re-exports, and activities.
✔✔The International Traffic in Arms Regulations (ITAR) - ✔✔issued by the Department
of State is responsible for the control of the permanent and temporary export and import
of defense articles and services.
✔✔Basic ordering agreement - ✔✔Similar to a basic agreement, but may also include
terms and conditions intended to describe the types of goods and services that may be
ordered in the future, to define pricing methods that will apply, or to define ordering or
delivery procedures
✔✔Broad agency announcement - ✔✔General announcement of an agency's research
interests, including criteria for selecting proposals and soliciting the participation of all
offerors capable of satisfying the agency's needs
✔✔Copyright - ✔✔A royalty-free, nonexclusive, and irrevocable license to reproduce,
translate, publish, use, and dispose of written or recorded material, and to authorize
others to do so
