Download Certified Professional Contracts Manager.CPCM.PracticeTest.2018-08-17.78q.vcex

Vendor: Financial
Exam Code: CPCM
Exam Name: Certified Professional Contracts Manager
Date: Aug 17, 2018
File Size: 31 KB
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Demo Questions

Question 1
Those incentives that use predetermined formula-based methods to calculate the amount of incentive, either positive or negative, in one or more designated areas are called:
  1. Objectively-based and evaluated
  2. Subjectively-based and evaluated
  3. Early-based and evaluated
  4. Final-based and evaluated
Correct answer: A
Question 2
Which of the following shows the designated performance area in the objectively-based and evaluated incentives?
  1. Cost performance
  2. Schedule or delivery performance
  3. Quality performance
  4. All of the above
Correct answer: D
Question 3
Those incentives that use individual judgment, opinions, and informed impressions as the basis for determining the amount of incentive, either positive or negative, in one or more designated areas are called:
  1. Objectively-based and evaluated
  2. Subjectively-based and evaluated
  3. Early-based and evaluated
  4. Final-based and evaluated
Correct answer: B
Question 4
Which of the following shows the designated performance area in the subjectively-based and evaluated incentives?
  1. Award fees
  2. Other special incentives
  3. Both A & B
  4. Neither A nor B
Correct answer: C
Question 5
The point at which sharing changes to 0/100 is called the _____________, which represents a cost figure.
  1. Point of configuration
  2. Point of total assumption
  3. Pattern point
  4. Prototype point
Correct answer: B
Question 6
The formula to calculate the Point of Total Assumption (PTA) is:
  1. PTA = (Floor price – Target price / seller share ratio) + Target cost
  2. PTA = (Target price – Ceiling price / Buyer share ratio) + Target cost
  3. PTA = (Target price – Ceiling price / seller share ratio) + Target cost
  4. PTA = (Ceiling price – Target price / Buyer share ratio) + Target cost
Correct answer: D
Question 7
Liquidated damages are a negative incentive (penalty) for:
  1. Over budget
  2. Late delivery
  3. Do not achieve requirements
  4. Requirements gap
Correct answer: B
Question 8
A critical aspect in the success of performance-based incentive contracting is called:
  1. Creativity
  2. Timeliness
  3. Achievement
  4. Standardization
Correct answer: A
Question 9
An agreement on a set of criteria and procedures to be applied by the buyer in determining how well the seller has performed and how much fee the seller has earned is called:
  1. Inducement plans
  2. Awarded-plans
  3. Award-free plans
  4. Contract incentive plans
Correct answer: C
Question 10
A fixed fee that the seller will earn no matter how its performance is evaluated in known as:
  1. incurred fee
  2. award fee
  3. period fee
  4. base fee
Correct answer: D
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