NCMA CPCM EXAM 2026 PROFESSIONAL
REVIEW PACK BUNDLED QUESTIONS AND
ANSWERS
◉ Character. Answer: A leadership competency that says that contract
leaders must be able to perform contract management with the highest
standards of ethical behavior and with integrity, decisiveness and
optimism
◉ Collaboration. Answer: Working jointly with others or together,
especially in an intellectual endeavor
◉ Competence. Answer: A leadership competency that says that a
contract leader must be technically proficient in contract management
with a broad understanding of the practices, policies, and procedures
inherent to contract management
◉ Consensus. Answer: General agreement; group solidarity in
sentiment and belief
◉ Decisiveness. Answer: The capacity to make decisions even when the
decision may not be popular or may pose risk
◉ Ethics. Answer: The principles of conduct governing n individual or
a group
,◉ Feedback. Answer: Information about reactions to a person's
performance of a task, used as a basis for
Improvement
◉ Integrative thinking. Answer: The ability to face constructively the
tension of opposing ideas and, instead of choosing one at the expense of
the other, to create a resolution in the form of a new, superior idea that
contains elements of each of the ideas
◉ Integrity. Answer: Having the courage to do what you say you will
do; following through on promises in a manner that promotes
trustworthiness
◉ Intuition. Answer: The ability to assess a situation and know
instinctively what to do, by blending fact with instinct and other
intangible factors
◉ Letter of the Law. Answer: The literal interpretation of a rule or
standard, but not necessarily the intent of those who wrote it
◉ Mentoring. Answer: The development by leaders of other leaders
,◉ Optimism. Answer: The ability to give hope and instill confidence in
others; giving followers something to look forward to and helping them
see the way through chaos and complexity
◉ Spirit of the Law. Answer: The intended interpretation of a rule or
standard, but. Or necessarily what is conveyed in the literal wording
◉ Succession planning. Answer: Empowering others and helping them
develop, so they become capable of taking over the leader's job
◉ Values. Answer: Individual or personal standards of what is valuable
or important
◉ Vision. Answer: Being able to see the possibilities for a better future
and guiding others on getting there
◉ Accounting. Answer: The way an organization collects, organizes,
and records financial information for making management decisions; the
way to report a company's transactions and to maintain accountability
for its assets and liabilities.
◉ Accounting System. Answer: A formal communications network that
supplies relevant information for planning, control, decision-making,
and evaluation.
, ◉ Acid test ratio. Answer: The ratio determining how well the
company's current liabilities can be satisfied by its current assets less
inventory.
◉ Activity-based costing system. Answer: An accounting system
focused on production cycle and based on the principles that an output
needs activities to produce it and that those activities use certain
resources; assigns costs through cost drivers that the activities use to
create the outputs.
◉ Administrative lead time. Answer: A measurement used by some
organizations of howling it takes to award a contract,starting when a
procurement request is received and ending when the contract is
awarded.
◉ Asset. Answer: Something a company owns that has value and that
can be sold or used by the company to make products or provide
services that can be sold
◉ Balance sheet. Answer: Provides detailed information about a
company's assets, liabilities, and shareholder equity
◉ Bottom line. Answer: A company's total earnings or losses over a
specific time period, after accounting for costs and expenses; also called
net income.
REVIEW PACK BUNDLED QUESTIONS AND
ANSWERS
◉ Character. Answer: A leadership competency that says that contract
leaders must be able to perform contract management with the highest
standards of ethical behavior and with integrity, decisiveness and
optimism
◉ Collaboration. Answer: Working jointly with others or together,
especially in an intellectual endeavor
◉ Competence. Answer: A leadership competency that says that a
contract leader must be technically proficient in contract management
with a broad understanding of the practices, policies, and procedures
inherent to contract management
◉ Consensus. Answer: General agreement; group solidarity in
sentiment and belief
◉ Decisiveness. Answer: The capacity to make decisions even when the
decision may not be popular or may pose risk
◉ Ethics. Answer: The principles of conduct governing n individual or
a group
,◉ Feedback. Answer: Information about reactions to a person's
performance of a task, used as a basis for
Improvement
◉ Integrative thinking. Answer: The ability to face constructively the
tension of opposing ideas and, instead of choosing one at the expense of
the other, to create a resolution in the form of a new, superior idea that
contains elements of each of the ideas
◉ Integrity. Answer: Having the courage to do what you say you will
do; following through on promises in a manner that promotes
trustworthiness
◉ Intuition. Answer: The ability to assess a situation and know
instinctively what to do, by blending fact with instinct and other
intangible factors
◉ Letter of the Law. Answer: The literal interpretation of a rule or
standard, but not necessarily the intent of those who wrote it
◉ Mentoring. Answer: The development by leaders of other leaders
,◉ Optimism. Answer: The ability to give hope and instill confidence in
others; giving followers something to look forward to and helping them
see the way through chaos and complexity
◉ Spirit of the Law. Answer: The intended interpretation of a rule or
standard, but. Or necessarily what is conveyed in the literal wording
◉ Succession planning. Answer: Empowering others and helping them
develop, so they become capable of taking over the leader's job
◉ Values. Answer: Individual or personal standards of what is valuable
or important
◉ Vision. Answer: Being able to see the possibilities for a better future
and guiding others on getting there
◉ Accounting. Answer: The way an organization collects, organizes,
and records financial information for making management decisions; the
way to report a company's transactions and to maintain accountability
for its assets and liabilities.
◉ Accounting System. Answer: A formal communications network that
supplies relevant information for planning, control, decision-making,
and evaluation.
, ◉ Acid test ratio. Answer: The ratio determining how well the
company's current liabilities can be satisfied by its current assets less
inventory.
◉ Activity-based costing system. Answer: An accounting system
focused on production cycle and based on the principles that an output
needs activities to produce it and that those activities use certain
resources; assigns costs through cost drivers that the activities use to
create the outputs.
◉ Administrative lead time. Answer: A measurement used by some
organizations of howling it takes to award a contract,starting when a
procurement request is received and ending when the contract is
awarded.
◉ Asset. Answer: Something a company owns that has value and that
can be sold or used by the company to make products or provide
services that can be sold
◉ Balance sheet. Answer: Provides detailed information about a
company's assets, liabilities, and shareholder equity
◉ Bottom line. Answer: A company's total earnings or losses over a
specific time period, after accounting for costs and expenses; also called
net income.
