Latest CPCM Practice Tests with Actual Questions

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Exam Code : CPCM
Exam Name : Certified Professional Contracts Manager (CPCM) 2024
Vendor Name :
"Financial"

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Certified Professional Contracts Manager (CPCM) 2024

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1. Contract administration

2. Contract formation

Answer: C

Question: 135

Which of the following is the key policy of contract administration?

1. compliance with contract terms and conditions

2. effective control of contract changes

3. effective resolution of claims and disputes

4. All of the above

Answer: D

Question: 136

Generally, observing and collecting information cover which three categories of concern?

1. compliance, cost control and schedule control

2. cost control and schedule control, risk control

3. compliance, cost control and performance

4. compliance, change control and risk control

Answer: A

Question: 137

A progress report from many observers, and technical reviews and audits is called:

1. Direct observation

2. Indirect observation

3. Contractual audit

4. Change observation

Answer: B

Question: 138

Changes are an inevitable part of contracting, because no one can predict the future with perfect accuracy.

1. True

2. False

Answer: A

Question: 139

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

A True

B. False

Answer: B

Question: 140

What refers to verifying that all administrative matters are concluded on a contract that is

otherwise physically complete?

1. Contract termination

2. Contract certificate

3. Contract closeout

4. Contract execution

Answer: C

Question: 141

Which of the following is the type of termination?

1. termination for cause

2. termination by mutual agreement

3. no-cost settlement

4. All of the above

Answer: D

Question: 142

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

1. the seller has indicated it will accept it

2. no buyer property was furnished under the contract

3. the product or service can be readily obtained elsewhere

4. All of the above

Answer: D

Question: 143

Supply chain management advocates told buyers that they needed to:

1. use fewer suppliers vs. many suppliers

2. negotiate long-term contract vs. short-term contracts

3. conduct more detailed progress or milestone tracking of suppliers

4. All of the above

Answer: D

Question: 144

To achieve high performance results year after year, companies must take what action to form successful long-term partnerships?

1. unleashing corporate buying and selling power

2. changing buying and selling processes and tools

3. developing and integrated supply chain

4. All of the above

Answer: D

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