CPCM FLASHCARD | 108 QUESTIONS |
WITH COMPLETE SOLUTIONS 2025!
1 of 107
Term
Standardized contract language often used in commercial
transactions is called what?
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Concession Boilerplate
Arbitration Syndicate
, Don't know?
2 of 107
Term
What field is concerned with making decisions with scarce
resources such as labor capital, goods, and natural
resources?
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Culture Management
Demographics Economics
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3 of 107
Term
Which of the following is true about this scenario?
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The contracting method The contracting method
described has a high described is preferred by the
level of risk for the buyer for its
seller stability
, The contracting method The contracting method described
described has a low level of guarantees profit for the seller
risk for the seller
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4 of 107
Term
Who may make changes to a government contract?
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A contracting officer,
acting within the scope An engineer, with approval
of his or her authority from management
A project manager, A procurement specialist, without
acting independently authority
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5 of 107
Term
The contract management landscape is constantly being
shaped and reshaped by outside forces. How would a
contracting
professional who understands the CMBOK deal with this?
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By acknowledging that
change is inevitable and By ignoring external forces
being willing to adapt and sticking to traditional
methods
By denying the impact of By resisting change and
outside forces on contract maintaining current practices
management
Don't know?
6 of 107
Term
Dr. Melissa Bork works for a chemical company called
Mandarine.
While performing a difficult chemical extraction she has an
idea for a new, easier process; her idea eventually leads to
her invention of a machine called the Borkulator. If Dr.
Bork's employment agreement with Mandarine includes
shop rights, what may Mandarine do with
Dr. Bork's invention?
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Mandarine may use
Dr. bork must assign the
the Borkulator
patent to the borkulator to
without any
mandarine
payment of
royalties
Mandarine may use the borkulator, but must pay royalties
WITH COMPLETE SOLUTIONS 2025!
1 of 107
Term
Standardized contract language often used in commercial
transactions is called what?
Give this one a try later!
Concession Boilerplate
Arbitration Syndicate
, Don't know?
2 of 107
Term
What field is concerned with making decisions with scarce
resources such as labor capital, goods, and natural
resources?
Give this one a try later!
Culture Management
Demographics Economics
Don't know?
3 of 107
Term
Which of the following is true about this scenario?
Give this one a try later!
The contracting method The contracting method
described has a high described is preferred by the
level of risk for the buyer for its
seller stability
, The contracting method The contracting method described
described has a low level of guarantees profit for the seller
risk for the seller
Don't know?
4 of 107
Term
Who may make changes to a government contract?
Give this one a try later!
A contracting officer,
acting within the scope An engineer, with approval
of his or her authority from management
A project manager, A procurement specialist, without
acting independently authority
Don't know?
5 of 107
Term
The contract management landscape is constantly being
shaped and reshaped by outside forces. How would a
contracting
professional who understands the CMBOK deal with this?
, Give this one a try later!
By acknowledging that
change is inevitable and By ignoring external forces
being willing to adapt and sticking to traditional
methods
By denying the impact of By resisting change and
outside forces on contract maintaining current practices
management
Don't know?
6 of 107
Term
Dr. Melissa Bork works for a chemical company called
Mandarine.
While performing a difficult chemical extraction she has an
idea for a new, easier process; her idea eventually leads to
her invention of a machine called the Borkulator. If Dr.
Bork's employment agreement with Mandarine includes
shop rights, what may Mandarine do with
Dr. Bork's invention?
Give this one a try later!
Mandarine may use
Dr. bork must assign the
the Borkulator
patent to the borkulator to
without any
mandarine
payment of
royalties
Mandarine may use the borkulator, but must pay royalties
