NCMA CPCM Exam Actual Questions

Name: Certified Professional Contracts Manager
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SKU: CPCM
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The questions for CPCM were last updated on Oct 1, 2024.

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Question No. 1

Contract closure by mutual agreement or breach of contract is called contract closeout.

ATrue

BFalse

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Correct Answer: B

Question No. 2

What refers to verifying that all administrative matters are concluded on a contract that is otherwise physically complete?

AContract termination

BContract certificate

CContract closeout

DContract execution

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Correct Answer: C

Question No. 3

Which of the following is the type of termination?

Atermination for cause

Btermination by mutual agreement

Cno-cost settlement

DAll of the above

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Correct Answer: D

Question No. 4

Used without normal termination procedures, no-cost settlement can be considered when:

Athe seller has indicated it will accept it

Bno buyer property was furnished under the contract

Cthe product or service can be readily obtained elsewhere

DAll of the above

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Correct Answer: D

Question No. 5

Supply chain management advocates told buyers that they needed to:

Ause fewer suppliers vs. many suppliers

Bnegotiate long-term contract vs. short-term contracts

Cconduct more detailed progress or milestone tracking of suppliers

DAll of the above

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Correct Answer: D

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