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Financial CPCM Exam (page: 2)
Financial Certified Professional Contracts Manager (CPCM)
Updated on: 25-Dec-2025

Viewing Page 2 of 19
CPCM PDF 144 Questions

Governments commonly use what type of contracts when contracting with universities and non- profit organizations for research projects?

  1. Written contracts
  2. Variable contracts
  3. Cost reimbursement contracts
  4. Cost sharing contracts

Answer(s): C



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.

  1. fee
  2. statement
  3. penalty
  4. None of the above

Answer(s): A



Which of the following has the fundamental purpose to motivate desired performance in one or more specific areas?

  1. Contract incentive
  2. Contract pricing
  3. Objective incentive
  4. Contract penalties

Answer(s): A



Those incentives that use predetermined formula-based methods to calculate the amount of incentive, either positive or negative, in one or more designated areas are called:

  1. Objectively-based and evaluated
  2. Subjectively-based and evaluated
  3. Early-based and evaluated
  4. Final-based and evaluated

Answer(s): A



Which of the following shows the designated performance area in the objectively-based and evaluated incentives?

  1. Cost performance
  2. Schedule or delivery performance
  3. Quality performance
  4. All of the above

Answer(s): D



Those incentives that use individual judgment, opinions, and informed impressions as the basis for determining the amount of incentive, either positive or negative, in one or more designated areas are called:

  1. Objectively-based and evaluated
  2. Subjectively-based and evaluated
  3. Early-based and evaluated
  4. Final-based and evaluated

Answer(s): B



Which of the following shows the designated performance area in the subjectively-based and evaluated incentives?

  1. Award fees
  2. Other special incentives
  3. Both A & B
  4. Neither A nor B

Answer(s): C



The point at which sharing changes to 0/100 is called the _____________, which represents a cost figure.

  1. Point of configuration
  2. Point of total assumption
  3. Pattern point
  4. Prototype point

Answer(s): B



Viewing Page 2 of 19



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