NCMA CPCM Exam Practice Test Instant Access

Question 1

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

Answer : D

Question 2

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

ATrue

BFalse

Answer : A

Question 3

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

ADirect observation

BIndirect observation

CContractual audit

DChange observation

Answer : B

Question 4

Which three types of evaluation standards express values?

Aabsolute, minimum and relative

Babsolute, maximum and relative

Crisk, minimum and relative

Dabsolute, maximum and productivity

Answer : A

Question 5

The technique used to evaluate ______________ is price analysis.

ACompetitiveness

BSources

CServices

DProduct quality

Answer : A

Question 6

Which damages awarded to the plaintiff over and above what will barely compensate for his or her loss?

AUniform Commercial Code

BCommercial Credit Act

CCommercial Code Form

DUniform Code of Conduct

Answer : A

Question 7

____________ is a model law developed to standardize commercial contracting law among the states.

AUniform Commercial Code

BCommercial Credit Act

CCommercial Code Form

DUniform Code of Conduct

Answer : A

NCMA CPCM Certified Professional Contract Manager Exam Practice Test