CPCM TEST PAPER 2025/2026 QUESTIONS WITH ANSWERS
RATED A+
✔✔Solvency Ratio - ✔✔Analysis to measure the company's ability to meet current and
long-term obligations
✔✔Portfolio Managements is most focused on what? - ✔✔Business goal alignment,
value alignment, and program selection
✔✔Learning Before doing - ✔✔targets a specific challenge, imports knowledge from
people outside the team, identifies possible approaches and new lines of inquiry, and
promotes sharing of learning through facilitated meeting.
✔✔Learning while During - ✔✔is the process that focuses people by having them
answer four questions immediately after an activity or event.
✔✔Learning After doing - ✔✔Is supported by a facilitated process. Conducted
immediately after the end of the project or the project phase, a retrospect encourages
team members to look back at the project to discover what went well and why.
✔✔Actual authority - ✔✔An agent's (see principal-agent relationship) specific authority
that the principal intentionally confers on the agent; confers a power to the agent to
affect legal relations of the principals with third parties
✔✔Apparent authority - ✔✔The appearance of being a principal's agent (see principal-
agent relationship) with the power to act for the principal; corporations are liable for an
employee's acts and promises to a third party if it appears to the third party that the
employee has been granted authority by his or her corporate employer (principal) to do
those acts that bind the corporation
✔✔Appropriation - ✔✔The act of setting aside money for specific federal government
departments, agencies, and programs
✔✔Case law - ✔✔The set of past rulings by judges (and similar tribunals) that meet
their respective jurisdictions' rules for formality to be cited as precedent
✔✔Communities of practice - ✔✔Groups of practitioners and/or subject matter experts
sharing common goals and a desire to improve their performance and the performance
of their teams and organization
✔✔Enabling technology - ✔✔Technology that supports an ability to "connect, collect,
and collaborate" across the organization
✔✔Explicit knowledge - ✔✔Formal, codified, and systematic knowledge
,✔✔Express authority - ✔✔Authority plainly granted, either verbally or in writing, to an
agent by a principal (see principal-agent relationship); direction provided to the agent by
the principal to do specific actions
✔✔Express warranty - ✔✔A written statement arising out of a sale to the consumer of a
consumer good, pursuant to which the manufacturer, distributor, or retailer undertakes
to preserve or maintain the utility or performance of the consumer good or provide
compensation if there is a failure in utility or performance
✔✔Fast learning - ✔✔The ability to learn quickly before, during, and after work is
completed as part of getting the work done. It supports the ability to adapt to change
✔✔Free trade agreement - ✔✔A treaty between two or more countries that do not
impose tariffs for commerce conducted across their borders
✔✔General agent - ✔✔An agent (see principal-agent relationship) authorized to
conduct a limited series of transactions involving a continuity of service and may be
empowered to enter into contracts that are binding on the principal
✔✔Implied authority - ✔✔Authority given by a principal to an agent (see principal-agent
relationship) that is not actually expressed or otherwise communicated, which allows the
agent to perform all the usual and necessary tasks to exercise the agent's expressed
authority; the direction to do something is not provided expressly from the principal's
words but is implied from what is understood as customary in the industry
✔✔Implied warranty - ✔✔A promise arising by operation of law that something that is
sold shall be merchantable and fit for the purpose for which the seller has reason to
know that it is required.
✔✔Knowledge asset - ✔✔An accessible and reusable repository of the core knowledge
of the organization (information + experience)
✔✔Knowledge management (KM) - ✔✔Continuous performance improvement through
building in to the organization the capability to capture, adapt, transfer, and reuse the
critical and relevant knowledge of the organization to continuously improve individual,
team, and organizational performance
✔✔Merchant - ✔✔A person who deals in goods or otherwise holds itself out by
occupation as having knowledge or skill peculiar to the practices or goods involved in
the transaction or to which the knowledge or skill may be attributed by the person's
employment
✔✔Positive law - ✔✔A law made by a person or group of people, that obliges or
specifies an action; the establishment of specific rights for an individual or group
, ✔✔Principal-agent relationship - ✔✔A relationship in which one person has legal
authority to act for another
✔✔Procedural knowledge - ✔✔Knowledge of processes for developing proposals and
offers
✔✔Ratification - ✔✔The act of approving an unauthorized commitment by an official
who has the authority to do so
✔✔Repudiation - ✔✔The refusal, especially by a public authority, to acknowledge a
contract or debt
✔✔Special agent - ✔✔An agent (see principal-agent relationship) whose power and
authority are limited to accomplishing a specific and limited assignment; this agent does
not have the power or authority to enter into contracts on behalf of the principal
✔✔Strategic knowledge - ✔✔Developing a competitive business strategy to win the
contract
✔✔Tacit knowledge - ✔✔Inexplicit knowledge, such as soft skills required during
negotiations
✔✔Tender - ✔✔An unconditional offer of money or service in satisfaction of a debt or
obligation made to save a penalty or forfeiture for nonpayment or nonperformance
✔✔Unauthorized commitment - ✔✔A nonbinding agreement made by a government
representative who lacks the authority to enter into the agreement on behalf of the
government
✔✔Uniform Commercial Code (UCC) - ✔✔One of a number of uniform acts that have
been put into law with the goal of harmonizing the law of sales and other commercial
transactions across the United States of America through UCC adoption by all 50
states, the District of Columbia, and the U.S. territories
✔✔Universal agent - ✔✔An agent (see principal-agent relationship) provided with broad
authority to act on behalf of the principal
✔✔Warranty - ✔✔A promise or affirmation given by a seller to a buyer regarding the
nature, usefulness, or condition of the supplies or performance of services furnished
under the contract
✔✔Three Branch of Government - ✔✔Legislative, Judicial, and Executive Branch
RATED A+
✔✔Solvency Ratio - ✔✔Analysis to measure the company's ability to meet current and
long-term obligations
✔✔Portfolio Managements is most focused on what? - ✔✔Business goal alignment,
value alignment, and program selection
✔✔Learning Before doing - ✔✔targets a specific challenge, imports knowledge from
people outside the team, identifies possible approaches and new lines of inquiry, and
promotes sharing of learning through facilitated meeting.
✔✔Learning while During - ✔✔is the process that focuses people by having them
answer four questions immediately after an activity or event.
✔✔Learning After doing - ✔✔Is supported by a facilitated process. Conducted
immediately after the end of the project or the project phase, a retrospect encourages
team members to look back at the project to discover what went well and why.
✔✔Actual authority - ✔✔An agent's (see principal-agent relationship) specific authority
that the principal intentionally confers on the agent; confers a power to the agent to
affect legal relations of the principals with third parties
✔✔Apparent authority - ✔✔The appearance of being a principal's agent (see principal-
agent relationship) with the power to act for the principal; corporations are liable for an
employee's acts and promises to a third party if it appears to the third party that the
employee has been granted authority by his or her corporate employer (principal) to do
those acts that bind the corporation
✔✔Appropriation - ✔✔The act of setting aside money for specific federal government
departments, agencies, and programs
✔✔Case law - ✔✔The set of past rulings by judges (and similar tribunals) that meet
their respective jurisdictions' rules for formality to be cited as precedent
✔✔Communities of practice - ✔✔Groups of practitioners and/or subject matter experts
sharing common goals and a desire to improve their performance and the performance
of their teams and organization
✔✔Enabling technology - ✔✔Technology that supports an ability to "connect, collect,
and collaborate" across the organization
✔✔Explicit knowledge - ✔✔Formal, codified, and systematic knowledge
,✔✔Express authority - ✔✔Authority plainly granted, either verbally or in writing, to an
agent by a principal (see principal-agent relationship); direction provided to the agent by
the principal to do specific actions
✔✔Express warranty - ✔✔A written statement arising out of a sale to the consumer of a
consumer good, pursuant to which the manufacturer, distributor, or retailer undertakes
to preserve or maintain the utility or performance of the consumer good or provide
compensation if there is a failure in utility or performance
✔✔Fast learning - ✔✔The ability to learn quickly before, during, and after work is
completed as part of getting the work done. It supports the ability to adapt to change
✔✔Free trade agreement - ✔✔A treaty between two or more countries that do not
impose tariffs for commerce conducted across their borders
✔✔General agent - ✔✔An agent (see principal-agent relationship) authorized to
conduct a limited series of transactions involving a continuity of service and may be
empowered to enter into contracts that are binding on the principal
✔✔Implied authority - ✔✔Authority given by a principal to an agent (see principal-agent
relationship) that is not actually expressed or otherwise communicated, which allows the
agent to perform all the usual and necessary tasks to exercise the agent's expressed
authority; the direction to do something is not provided expressly from the principal's
words but is implied from what is understood as customary in the industry
✔✔Implied warranty - ✔✔A promise arising by operation of law that something that is
sold shall be merchantable and fit for the purpose for which the seller has reason to
know that it is required.
✔✔Knowledge asset - ✔✔An accessible and reusable repository of the core knowledge
of the organization (information + experience)
✔✔Knowledge management (KM) - ✔✔Continuous performance improvement through
building in to the organization the capability to capture, adapt, transfer, and reuse the
critical and relevant knowledge of the organization to continuously improve individual,
team, and organizational performance
✔✔Merchant - ✔✔A person who deals in goods or otherwise holds itself out by
occupation as having knowledge or skill peculiar to the practices or goods involved in
the transaction or to which the knowledge or skill may be attributed by the person's
employment
✔✔Positive law - ✔✔A law made by a person or group of people, that obliges or
specifies an action; the establishment of specific rights for an individual or group
, ✔✔Principal-agent relationship - ✔✔A relationship in which one person has legal
authority to act for another
✔✔Procedural knowledge - ✔✔Knowledge of processes for developing proposals and
offers
✔✔Ratification - ✔✔The act of approving an unauthorized commitment by an official
who has the authority to do so
✔✔Repudiation - ✔✔The refusal, especially by a public authority, to acknowledge a
contract or debt
✔✔Special agent - ✔✔An agent (see principal-agent relationship) whose power and
authority are limited to accomplishing a specific and limited assignment; this agent does
not have the power or authority to enter into contracts on behalf of the principal
✔✔Strategic knowledge - ✔✔Developing a competitive business strategy to win the
contract
✔✔Tacit knowledge - ✔✔Inexplicit knowledge, such as soft skills required during
negotiations
✔✔Tender - ✔✔An unconditional offer of money or service in satisfaction of a debt or
obligation made to save a penalty or forfeiture for nonpayment or nonperformance
✔✔Unauthorized commitment - ✔✔A nonbinding agreement made by a government
representative who lacks the authority to enter into the agreement on behalf of the
government
✔✔Uniform Commercial Code (UCC) - ✔✔One of a number of uniform acts that have
been put into law with the goal of harmonizing the law of sales and other commercial
transactions across the United States of America through UCC adoption by all 50
states, the District of Columbia, and the U.S. territories
✔✔Universal agent - ✔✔An agent (see principal-agent relationship) provided with broad
authority to act on behalf of the principal
✔✔Warranty - ✔✔A promise or affirmation given by a seller to a buyer regarding the
nature, usefulness, or condition of the supplies or performance of services furnished
under the contract
✔✔Three Branch of Government - ✔✔Legislative, Judicial, and Executive Branch
