Free CPCM Exam Question Tests 0 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) penalty C) None of the above D) fee 2 / 10 2. Who avoid the risk of agreeing to the price that may not cover its actual performance costs or allow a reasonable profit? A) Risk avoiding seller B) Business professional C) Risk avoiding buyer D) Technical personnel 3 / 10 3. The solicitation specifications and statement of work contain: A) Technical requirements B) Administrative requirements C) Company policy D) Pricing contracts 4 / 10 4. What is generally used when the non-financial considerations, such as technical skills or approach, are paramount? A) negotiation B) tender C) bid D) Quotation 5 / 10 5. Governments commonly use what type of contracts when contracting with universities and non-profit organizations for research projects? A) Variable contracts B) Cost sharing contracts C) Written contracts D) Cost reimbursement contracts 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) Appropriate price adjustment C) Variable-price adjustment D) Economic price adjustment 7 / 10 7. The range between the extremes of an optimistic and pessimistic prediction about future costs is called range of: A) Limit costs B) Final costs C) Scope costs D) Possible costs 8 / 10 8. The pricing arrangements fall into which of the fol lowing categories: A) cost-reimbursement B) All of the above C) Fixed-price D) Time-and-material contracts 9 / 10 9. 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) Fixed agreement B) Universal agreement C) Macro agreement D) Approved agreement 10 / 10 10. … occur when the work has not changed, but it costs more than anticipated A) Cost Growth B) Cost overruns C) Extra cost D) Unpredictable cost Your score is LinkedIn Facebook VKontakte Restart quiz aboozarkordi
