CCMP TEST LATEST 2024 UPDATE COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS [ALREADY GRADED
A+]
What is included in the contract?
Anything that is referenced as part of the contract.
Scope
Which core contract element addresses what the contract is about?
What are intangible evaluation criteria?
Factors that rely on organizational culture and behavior
When embarking on a long term project, which of the following is often not given
adequate consideration at the proposal evaluation stage?
The suppliers cultural compatibility with the buyer
When is the earliest you can begin to define the evaluation matrix for an RFP
Prior to drafting the RFP
What is the name of the bid evaluation approach that requires a supplier to
achieve a satisfactory level on specific evaluation criteria?
Hurdle
Above what value does the uniform commercial code in the USA require
contracts to be in writing?
US $500
Of the following, which is the best time to address dispute resolution
procedures?
Procedures should be agreed at the beginning of negotiations.
When was the contract agreed?
Which of the following is NOT one of the four core elements of a contract?
1,3,4
Which of the following may be incorporated into the contract? 1.) bid documents 3.)
Letters, change orders and specifications. 4.) SOWs, SLAs, RFP, procedures and
prices
The bid, negotiation and implementation teams
Who should be involved in the formal contract hand over meeting?
Keep Satisfied
A stakeholder group with a low level os impact and a high level of dependence on an
outcome is represented as which group type for communication purposes?
Stay informed and maintain confidence
By understanding projects on a stakeholders radar screen, you will
Build awareness
If you are unlikely to be impacted by a contract and you have little importance towards it
then you are most likely to be categorized as which type of stakeholder?
Both 1 and 2
What should be considered when identifying a stakeholders important issues? 1.) What
programs they have in the near future. 2.) What they consider to be a risk.
A very complex project may require a more segmented approach to evaluation.
This is called a..?
, Two cycle evaluation
What do cross-border contracts involving countries who have signed up to the
UN convention on contracts for the international sale of goods (CISG) provide?
CISG automatically applies unless specifically excluded.
What effect does the UN convention on contracts for the international sale of
goods (CISG) have on stating a time limit in which the offer must be accepted?
Creates an irrevocable offer
Which of the following statements about offer termination is true/false? 1.) Offers
may not be terminated once they have been made, and 2.) Offers may only be
terminated using the same method by which the offer was made.
Only 2 is true.
Of the following, which timing for the preparation and signing of a NDA will best
protect both customer and suppliers interests?
When RFI documents are issued
What information should a bidder be required to include in their proposal
Corporate financial statements
What process is used to solicit proposals from suppliers where the buyer has
strong and well thought out business requirements
Request for proposal RFI
When sending out an RFP, what request should you include in your cover letter?
Explanation of any variations from your requirements
Which of the following are possible outcomes of an RFI process? 2.) Decision to
make 3.) Send the project out under an RFP 4.) Kill the project
2, 3, 4
How may a contract expire?
Automatically
What is an example of a responsibility that may continue after a contract has
ended
Confidentiality
What type of termination occurs when one party fails to meet its contractual
obligations?
termination for cause
What type of termination occurs when the parties agree to end the contract by
agreement
termination for convenience
When it comes to contract acceptance, what option does a customer have other
than granting unconditional or partial acceptance
Total rejection
What is likely a cause of a contract dispute
Inadequacies in the SOW
What is a dispute
An issue between contracting parties that is unresolved
What is the best practice in relation to dispute management
to have a workable and agreed mechanism in the contract
QUESTIONS AND VERIFIED ANSWERS [ALREADY GRADED
A+]
What is included in the contract?
Anything that is referenced as part of the contract.
Scope
Which core contract element addresses what the contract is about?
What are intangible evaluation criteria?
Factors that rely on organizational culture and behavior
When embarking on a long term project, which of the following is often not given
adequate consideration at the proposal evaluation stage?
The suppliers cultural compatibility with the buyer
When is the earliest you can begin to define the evaluation matrix for an RFP
Prior to drafting the RFP
What is the name of the bid evaluation approach that requires a supplier to
achieve a satisfactory level on specific evaluation criteria?
Hurdle
Above what value does the uniform commercial code in the USA require
contracts to be in writing?
US $500
Of the following, which is the best time to address dispute resolution
procedures?
Procedures should be agreed at the beginning of negotiations.
When was the contract agreed?
Which of the following is NOT one of the four core elements of a contract?
1,3,4
Which of the following may be incorporated into the contract? 1.) bid documents 3.)
Letters, change orders and specifications. 4.) SOWs, SLAs, RFP, procedures and
prices
The bid, negotiation and implementation teams
Who should be involved in the formal contract hand over meeting?
Keep Satisfied
A stakeholder group with a low level os impact and a high level of dependence on an
outcome is represented as which group type for communication purposes?
Stay informed and maintain confidence
By understanding projects on a stakeholders radar screen, you will
Build awareness
If you are unlikely to be impacted by a contract and you have little importance towards it
then you are most likely to be categorized as which type of stakeholder?
Both 1 and 2
What should be considered when identifying a stakeholders important issues? 1.) What
programs they have in the near future. 2.) What they consider to be a risk.
A very complex project may require a more segmented approach to evaluation.
This is called a..?
, Two cycle evaluation
What do cross-border contracts involving countries who have signed up to the
UN convention on contracts for the international sale of goods (CISG) provide?
CISG automatically applies unless specifically excluded.
What effect does the UN convention on contracts for the international sale of
goods (CISG) have on stating a time limit in which the offer must be accepted?
Creates an irrevocable offer
Which of the following statements about offer termination is true/false? 1.) Offers
may not be terminated once they have been made, and 2.) Offers may only be
terminated using the same method by which the offer was made.
Only 2 is true.
Of the following, which timing for the preparation and signing of a NDA will best
protect both customer and suppliers interests?
When RFI documents are issued
What information should a bidder be required to include in their proposal
Corporate financial statements
What process is used to solicit proposals from suppliers where the buyer has
strong and well thought out business requirements
Request for proposal RFI
When sending out an RFP, what request should you include in your cover letter?
Explanation of any variations from your requirements
Which of the following are possible outcomes of an RFI process? 2.) Decision to
make 3.) Send the project out under an RFP 4.) Kill the project
2, 3, 4
How may a contract expire?
Automatically
What is an example of a responsibility that may continue after a contract has
ended
Confidentiality
What type of termination occurs when one party fails to meet its contractual
obligations?
termination for cause
What type of termination occurs when the parties agree to end the contract by
agreement
termination for convenience
When it comes to contract acceptance, what option does a customer have other
than granting unconditional or partial acceptance
Total rejection
What is likely a cause of a contract dispute
Inadequacies in the SOW
What is a dispute
An issue between contracting parties that is unresolved
What is the best practice in relation to dispute management
to have a workable and agreed mechanism in the contract
