CPCM Exam

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C C CE E E R R R T T T M M M A A A G G G I I I C C C Demo Edition Certified Professional Contracts Manager (CPCM) Exam: CPCM CPCM 1 http://www.certmagic.com

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Transcript of CPCM Exam

Page 1: CPCM Exam

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Demo Edition

Certified Professional Contracts Manager (CPCM)

Exam: CPCM

CPCM

1 http://www.certmagic.com

Page 2: CPCM Exam

QUESTION: 1The solicitation specifications and statement of work contain:

A. Administrative requirementsB. Technical requirementsC. Company policyD. Pricing contracts

Answer: B

QUESTION: 2The range between the extremes of an optimistic and pessimistic prediction about futurecosts is called range of:

A. Possible costsB. Final costsC. Scope costsD. Limit costs

Answer: A

QUESTION: 3The risk avoiding buyer wants to minimize the risk of agreeing to a higher price thannecessary to cover the buyer’s costs plus a reasonable profit.

A. TrueB. False

Answer: B

QUESTION: 4Who avoid the risk of agreeing to the price that may not cover its actual performancecosts or allow a reasonable profit?

A. Risk avoiding buyerB. Business professionalC. Risk avoiding sellerD. Technical personnel

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Answer: C

QUESTION: 5____________ occur when the work has not changed, but it costs more than anticipated.

A. Cost GrowthB. Unpredictable costC. Extra costD. Cost overruns

Answer: D

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