Free CPCM Exam Question Tests 10 12345678910 Created by aboozarkordi Free CPCM Exam Question Tests 1 / 10 1. The pricing arrangements fall into which of the fol lowing categories: A) cost-reimbursement B) Fixed-price C) All of the above D) Time-and-material contracts 2 / 10 2. The range between the extremes of an optimistic and pessimistic prediction about future costs is called range of: A) Possible costs B) Final costs C) Scope costs D) Limit costs 3 / 10 3. What is generally used when the non-financial considerations, such as technical skills or approach, are paramount? A) bid B) negotiation C) tender D) Quotation 4 / 10 4. 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) Macro agreement B) Fixed agreement C) Universal agreement D) Approved agreement 5 / 10 5. 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) Appropriate price adjustment B) Prices & Taxes adjustment C) Economic price adjustment D) Variable-price adjustment 6 / 10 6. 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) Technical personnel C) Business professional D) Risk avoiding buyer 7 / 10 7. … occur when the work has not changed, but it costs more than anticipated A) Extra cost B) Unpredictable cost C) Cost overruns D) Cost Growth 8 / 10 8. 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) penalty B) fee C) statement D) None of the above 9 / 10 9. The solicitation specifications and statement of work contain: A) Pricing contracts B) Technical requirements C) Company policy D) Administrative requirements 10 / 10 10. Governments commonly use what type of contracts when contracting with universities and non-profit organizations for research projects? A) Cost sharing contracts B) Cost reimbursement contracts C) Written contracts D) Variable contracts Your score is LinkedIn Facebook Twitter VKontakte Restart quiz
