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NCMA CPCM EXAM 2025 PRACTICE QUESTIONS AND
ANSWERS GRADED A+(SOLVED)
Who may make changes to a government contract? -The agency head -A contracting officer, acting within the scope of his or her authority -The contractor -Any representative of the government A contracting officer, acting within the scope of his or her authority Which of the following is true about the six-step contract changes management process? -It mirrors the phases of the contract life cycle -It is only appropriate for use by government agencies -It will always result in on-time delivery or on-budget completion of the work -It begins with the award of a contract change It mirrors the phases of the contract life cycle Whose responsibility is effective contract administration?
-The contracting officer -The buyer -The seller -Both the buyer and the seller Both the buyer and the seller Which of the following provides an authoritative, formalized, written set of guidelines that require certain actions and prohibit others? -Regulations -Ethics -Values -Morals Regulations Which of the following requires the use of modular contracting for major IT system purchases? -The Sarbanes-Oxley Act -The Clinger-Cohen Act -SCA -ITRA The Clinger-Cohen Act
-Societal norms have no impact on whether a particular action is right or wrong -Organizational ethics is more of a philosophical matter than a fact-based one It includes both personal and organizational ethics Which of the following is not one of the three basic types of SOWs? -Performance -Functional -Specification -Design Specification Which of the following is not a required task of contract closeout? -Disposition of buyer-furnished property -Signing a formal notice of contract completion -Verifying payment of all contractor invoices -Providing feedback and rewards for superior performance Providing feedback and rewards for superior performance
Which of the following is real property? -Wood used in the construction of a building -Screws used to assemble a machine -A warehouse for the storage of equipment -A test unit modified to accomplish special-purpose testing A warehouse for the storage of equipment Which of the following is not in the "perform contract" domain? -Administer contract -Ensure quality -Manage legal conformity -Manage changes Manage legal conformity Which of the following is an assessment tool used when determining what elements in the functional statement are in full compliance, what elements are in partial compliance, and what elements are noncompliant? -Compliance matrix -Compliance template
Specifically aiding in influencing or enacting legislation Which of the following is not included in an unsuccessful offeror's post-award notification? -The number of offerors -The number of proposals received -The name of the successful offeror -A detailed financial breakdown of the successful proposal A detailed financial breakdown of the successful proposal Which of the following is not a category of small business recognized by the FAR? -Historically Underused Business Zone small business -Small disadvantaged business -Service-disabled women-owned small business -8(a) contractor Service-disabled women-owned small business Which of the following is not typically provided as supporting data for a job-order cost system?
-Labor hours expended -Production methods used -Employee pay rates -The number of employees Production methods used Which of the following is a correct interpretation of the contra preferentem rule? -When the wording of a contract is ambiguous, the interpretation should always favor the buyer -If the buyer wrote the ambiguous contract, the interpretation should favor the buyer -If the buyer wrote the ambiguous contract, the seller's interpretation should be considered the valid interpretation -If the interpretation of a contract is ambiguous, only that which is written in the contract is applicable, and any other statements are not If the buyer wrote the ambiguous contract, the seller's interpretation should be considered the valid interpretation Which of the following is a type of alternative dispute resolution? -Claim -Negotiation
Where is the "sweet spot" in opportunity-risk assessment? -The overlap between the competitor's weaknesses and the company's strengths -The overlap between the company's strengths, the competitor's strengths, and the customer's needs -The overlap between the customer's needs, the company's strengths, and the competitor's weaknesses -The overlap between the company's strengths, the competitor's strategy, and the customer's needs The overlap between the customer's needs, the company's strengths, and the competitor's weaknesses Which of the following is a subjective quality assurance criterion? -A tire must withstand temperatures of 750 degrees Fahrenheit for five minutes without burning -A facility's guards must score at least 80% accuracy on a "live fire" handgun target test -An accountant must follow best practices as designated by the agency when coding invoices -The repairable components of a communications network must operate at a mean time of 1,000 hours between failures An accountant must follow best practices as designated by the agency when coding invoices
Where should an employee looking for answers to general questions about standards of conduct be able to find them? -In the organization's Code of Conduct -On the Internet -By going directly to his or her supervisor -In the CMBOK In the organization's Code of Conduct Which of the following could a buyer use to identify potential interested sources, or to explain technical or complicated aspects of the solicitation? -A Performance Work Statement -A presolicitation conference -Instructions for submitting proposals -An independent technical review A presolicitation conference Which of the following contract types has the least risk for the seller? -Firm fixed price
-Ethical conduct Profit What type of financial statement shows the exchange of money between a company and the outside world over time? -Cash flow statement -Income statement -Balance sheet -Asset statement Cash flow statement What organization manages the Federal Supply Schedule program? -GAO -GSA -DoD -DCMA GSA
When faced with the tension of opposing ideas, a leader who simply chooses one at the expense of the others demonstrates a lack of what skill? -Integrative thinking -Decisiveness -Optimism -Integrity Integrative thinking What right does the buyer have if the goods delivered fail in any respect to conform to the contract? -The right to cure defects -The right to terminate the contract -The right to reject the goods -The right to repudiate The right to reject the goods When a contract clause is flowed down to a subcontractor, what is the advantage of using the actual wording of the clause (in full text, without reference to federal clauses)? -The clauses must be kept current -It reduces ambiguity and makes the clauses easier to read
What is the purpose of modular contracting? -Reduces program risk when acquiring rapidly changing technology -Increases competition for IT acquisitions -Provides opportunities for substantial changes during the contract -Decreases the procurement lead time for IT acquisitions Reduces program risk when acquiring rapidly changing technology What field is concerned with making decisions with scarce resources such as labor, capital, goods, and natural resources? -Negotiation -Management -Economics -Accounting Economics What is the model that breaks the supply chain operation into the three basic functions of source, make, and deliver? -The Supply Chain Operations Reference Model -The Supplier Relationship Model
-The Opportunity and Risk Management Model -The Pareto Analysis Model The Supply Chain Operations Reference Model What can be expected to happen if the demand for a product increases and supply does not change? -The price will increase -The price will decrease -The price will not change -There will be more quantity than buyers demand The price will increase What is FedBizOpps? -A website where government buyers can publicize business opportunities to contractors -A database in which current and potential government vendors must be registered in order to be awarded government contracts -An online encyclepedia that provides quick access to information on common acquisition topics -A website where awards of contract actions over $3,000 are announced
What is the federal government's general rule on conflicts of interest? -To strictly avoid any conflict of interest -To avoid conflict of interest and the appearance of conflict of interest -To require that employees avoid any appearance of conflict of interest -To give preferential treatment in the course of business To avoid conflict of interest and the appearance of conflict of interest What is the preferred method of determining a fair and reasonable price if adequate comparative data are available to the buyer? -Negotiation -Full and open competition -Cost analysis -Price analysis Price analysis Using a numeric scale for proposal evaluation... -Is not permitted in federal acquisitions -Works best when the evaluation factors are individually weighted -Rates proposals as, for example, "Unacceptable," "Marginal," "Acceptable," "Good," and "Outstanding"
-Only works well when combined with another evaluation method Works best when the evaluation factors are individually weighted The make-or-buy decision has the greatest impact on which aspect of the acquisition plan? -Establishing cost targets -Determining technical tradeoffs -Determining schedule risks -Establishing required capabilities Establishing cost targets Under a fixed-price redetermination (retroactive) contract, the redetermined price cannot exceed what amount? -The original ceiling price of the contract -The Simplified Acquisition Threshold -There is no upper limit -The actual cost of labor or materials expended The original ceiling price of the contract
