NCMA CPCM Practice Test Exam questions with verified answers

NCMA CPCM Practice Test Exam questions with verified answers Which of the following requires the use of modular contracting for major IT system purchases? -The Sarbanes-Oxley Act -The Clinger-Cohen Act -SCA -ITRA - CORRECT ANSWER-The Clinger-Cohen Act Who is responsible for ensuring the contractor's performance is in accordance with the contract? -The contracting officer -The seller's contract manager -Contract managers on the buyer and seller sides -The government - CORRECT ANSWER-Contract managers on the buyer and seller sides Which of the following is true about commercial contract modifications? -Contract changes must always be in writing -The UCC does not require consideration for the modification to be valid -A modification does not need to comply with the statute of frauds -Commercial contract modifications are governed by FAR Part 43 - CORRECT ANSWER-The UCC does not require consideration for the modification to be valid Which of the following is true about ethical behavior? -It includes both personal and organizational ethics -It is separate from one's own life experiences -Societal norms have no impact on whether a particular action is right or wrong -Organizational ethics is more of a philosophical matter than a fact-based one - CORRECT ANSWER-It includes both personal and organizational ethics Who may make changes to a government contract? -The agency head -A contracting officer, acting within the scope of his or her authority -The contractor -Any representative of the government - CORRECT ANSWER-A contracting officer, acting within the scope of his or her authority Which of the following is true about the six-step contract changes management process? -It mirrors the phases of the contract life cycle -It is only appropriate for use by government agencies -It will always result in on-time delivery or on-budget completion of the work -It begins with the award of a contract change - CORRECT ANSWER-It mirrors the phases of the contract life cycle Whose responsibility is effective contract administration? -The contracting officer -The buyer -The seller -Both the buyer and the seller - CORRECT ANSWER-Both the buyer and the seller Which of the following provides an authoritative, formalized, written set of guidelines that require certain actions and prohibit others? -Regulations -Ethics -Values -Morals - CORRECT ANSWER-Regulations Which of the following is not one of the three basic types of SOWs? -Performance -Functional -Specification -Design - CORRECT ANSWER-Specification Which of the following is not a required task of contract closeout? -Disposition of buyer-furnished property -Signing a formal notice of contract completion -Verifying payment of all contractor invoices -Providing feedback and rewards for superior performance - CORRECT ANSWERProviding feedback and rewards for superior performance