Free CPCM Exam Question Tests 11 12345678910 Created by aboozarkordi Free CPCM Exam Question Tests 1 / 10 1. The pricing arrangements fall into which of the fol lowing categories: A) All of the above B) cost-reimbursement C) Fixed-price D) Time-and-material contracts 2 / 10 2. … occur when the work has not changed, but it costs more than anticipated A) Cost overruns B) Unpredictable cost C) Extra cost D) Cost Growth 3 / 10 3. The solicitation specifications and statement of work contain: A) Company policy B) Administrative requirements C) Technical requirements D) Pricing contracts 4 / 10 4. Governments commonly use what type of contracts when contracting with universities and non-profit organizations for research projects? A) Cost sharing contracts B) Variable contracts C) Cost reimbursement contracts D) Written contracts 5 / 10 5. Who avoid the risk of agreeing to the price that may not cover its actual performance costs or allow a reasonable profit? A) Business professional B) Technical personnel C) Risk avoiding buyer D) Risk avoiding seller 6 / 10 6. 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) Approved agreement C) Macro agreement D) Universal agreement 7 / 10 7. The range between the extremes of an optimistic and pessimistic prediction about future costs is called range of: A) Scope costs B) Limit costs C) Possible costs D) Final costs 8 / 10 8. 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) Economic price adjustment B) Variable-price adjustment C) Prices & Taxes adjustment D) Appropriate price adjustment 9 / 10 9. 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) fee D) None of the above 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 Twitter VKontakte Restart quiz aboozarkordi
