CPCM Pre-Award Exam Questions and Answers
Licensing - Answer-A license permits the usage of software, patents, trademarks, or technology by another entity without transferring ownership rights. The sale of a license permits the use of patents, trademarks, or other technology to another entity.
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CPCM Pre-Award Exam Questions
and Answers
Licensing - Answer-A license permits the usage of software, patents, trademarks, or
technology by another entity without transferring ownership rights. The sale of a license
permits the use of patents, trademarks, or other technology to another entity.
Market Research - Answer-The process used for collecting and analyzing information
about the entire market available to satisfy the minimum agency needs to arrive at the
most suitable approach to acquiring, distributing, and supporting supplies and services.
Modular contracting - Answer-A contracting approach under which the need for a
system is satisfied in successive acquisitions of inter operable increments. Each
increment complies with common or commercially acceptable standards applicable to
information technology so that the increments are compatible with the other increments
of IT comprising the system
Negotiation - Answer-A process between buyers and sellers seeking to reach mutual
agreement on a matter of common concern through fact-finding, bargaining, and
persuasion.
Nondisclosure agreement - Answer-A legally binding document setting forth the
conditions under which proprietary information is offered and received between the
parties
Fixed price incentive contract - Answer-A type of contract that provides for adjusting
profit and establishing the final contract price by application of a formula based on the
relationship of total final negotiated cost to target cost. The final price is subject to a
price ceiling, negotiated at the onset.
Fixed-price-incentive (firm target) contract (FPIF) - Answer-Specifies a target cost,
target profit, price ceiling (but not a profit ceiling or floor), and a profit adjustment
formula. These elements are all negotiated at the outset.
Fixed-price incentive (successive target) contract (FPIS) - Answer-Specifies the
following elements, all of which are negotiated at the outset; an initial target cost, initial
target profit, and initial profit adjustment formula.
Fixed price with economic price adjustment - Answer-A fixed-price contract that permits
an element of cost to fluctuate to reflect current market prices.; economic price
, adjustments may be based on established prices, actual costs of labor or material, or
cost indexes of labor or material.
Fixed price re determinable prospective - Answer-A contract that provides for a firm-
fixed-price for an initial period of contract deliveries or performance and prospective
predetermination (at a stated time or times during performance) of the price for
subsequent periods of performance.
Fixed price re determinable retroactive - Answer-Provides for a fixed ceiling price and a
retroactive price determination within the ceiling after completion of the contract.
Firm fixed price level of effort - Answer-A contract suitable for investigation or study in a
specific research and development area; the product of the contract is usually a report
showing the results achieved through application of the required level of effort, however,
payment is based on the effort expended rather than on the results achieved.
Fixed price with award fee contract - Answer-Establishes a fixed price (including normal
profit) for the effort; this price will be paid for satisfactory contract performance, and
award fee earned (if any) will be paid in addition to that fixed-price.
Flexible progress payments - Answer-A Method of making progress payments used by
the Department of Defense for certain negotiated contracts performed in the US; tailors
the progress payment rate to more closely match the contractor's cash needs for
financing contract performance.
Make-or-buy program - Answer-That part of a contractor's written plan for the
development or production of an end item outlining the subsystems, major components,
assemblies, sub assemblies, and parts intended to be manufactured, test treated, or
assemble by the seller (make) and those the seller intends to procure from another
source (buy)
Offer - Answer-A legally binding promise, made by one party to another, to enter into a
contractual agreement if the offer is accepted.
Patent - Answer-A government grant of exclusive rights to an inventor that prohibits
others from making, using, or selling an invention.
Performance-based acquisition - Answer-A documented business arrangement in which
the buyer and seller agree to use a performance work statement, performance-based
metrics, and a quality assurance surveillance plan to ensure contract requirements are
met or exceeded.
Prequalification - Answer-A buyer's announcement of interest, including criteria for
selecting proposals, and selecting offerors capable of meeting the requirements.
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