Free CPCM Exam Question Tests 4 12345678910 Created by aboozarkordi Free CPCM Exam Question Tests 1 / 10 1. The cost-plus-a-percentage-of-cost contract provides for the seller to receive reimbursement for its actual cost and a profit component, called … equal to some predetermined percentage of its actual costs. A) statement B) fee C) None of the above D) penalty 2 / 10 2. The range between the extremes of an optimistic and pessimistic prediction about future costs is called range of: A) Final costs B) Possible costs C) Scope costs D) Limit costs 3 / 10 3. The solicitation specifications and statement of work contain: A) Pricing contracts B) Administrative requirements C) Technical requirements D) Company policy 4 / 10 4. … occur when the work has not changed, but it costs more than anticipated A) Extra cost B) Cost Growth C) Unpredictable cost D) Cost overruns 5 / 10 5. A pre-contract agreement that merely communicates any agreed-to terms and conditions that will apply when an order is placed by the buyer is known as: A) Universal agreement B) Approved agreement C) Fixed agreement D) Macro agreement 6 / 10 6. What clause can provide for price increases based on the seller’s costs but not on the seller’s decision to increase the prices of its products and services? A) Prices & Taxes adjustment B) Economic price adjustment C) Appropriate price adjustment D) Variable-price adjustment 7 / 10 7. Governments commonly use what type of contracts when contracting with universities and non-profit organizations for research projects? A) Cost reimbursement contracts B) Written contracts C) Cost sharing contracts D) Variable contracts 8 / 10 8. The pricing arrangements fall into which of the fol lowing categories: A) All of the above B) cost-reimbursement C) Time-and-material contracts D) Fixed-price 9 / 10 9. Who avoid the risk of agreeing to the price that may not cover its actual performance costs or allow a reasonable profit? A) Technical personnel B) Business professional C) Risk avoiding buyer D) Risk avoiding seller 10 / 10 10. What is generally used when the non-financial considerations, such as technical skills or approach, are paramount? A) Quotation B) bid C) tender D) negotiation Your score is LinkedIn Facebook VKontakte Restart quiz aboozarkordi
