NCMA CCMA Study Guide(Certified Contract Management Associate) Questions With Correct Answers.
1 view 0 purchase
Course
NCMA
Institution
NCMA
NCMA CCMA Study Guide(Certified Contract Management Associate) Questions With Correct Answers.NCMA CCMA Study Guide(Certified Contract Management Associate) Questions With Correct Answers.NCMA CCMA Study Guide(Certified Contract Management Associate) Questions With Correct Answers.NCMA CCMA Study G...
NCMA CCMA Study Guide(Certified
Contract Management Associate) Questions
With Correct Answers.
The actions of a contract manager to develop solicitations, develop offers, form
ij ij ij ij ij ij ij ij ij ij ij
contracts, perform contracts, and close contracts. - (correct answer) -Contract
ij ij ij ij ij ij ij ij ij ij
Management
ij
The authorized representative or agent for a contracting party. - (correct answer) -
ij ij ij ij ij ij ij ij ij ij ij ij
Contract Manager ij
A mutually binding legal relationship obligating the seller to furnish supplies or
ij ij ij ij ij ij ij ij ij ij ij
services and the buyer to provide consideration in exchange for them. - (correct
ij ij ij ij ij ij ij ij ij ij ij ij ij
answer) -Contract
ij ij
The execution of the terms of a contract. - (correct answer) -Contract performance
ij ij ij ij ij ij ij ij ij ij ij ij
For contract management, these principles apply to all contract managers in all
ij ij ij ij ij ij ij ij ij ij ij
phases of the contract life cycle. - (correct answer) -Guiding Principles
ij ij ij ij ij ij ij ij ij ij ij
The phases of a contract: pre-award, award, and post-award. - (correct answer) -
ij ij ij ij ij ij ij ij ij ij ij ij
Contract Life Cycle Phases ij ij ij
The areas within a contract life cycle phase that produce significant contract
ij ij ij ij ij ij ij ij ij ij ij
management outcomes. - (correct answer) -Domains
ij ij ij ij ij ij
The processes utilized to produce the expected contract management outcomes of
ij ij ij ij ij ij ij ij ij ij
the domains. These processes involve the ability to perform multiple job tasks,
ij ij ij ij ij ij ij ij ij ij ij ij
both simultaneously and sequentially, while achieving meaningful results. -
ij ij ij ij ij ij ij ij ij
(correct answer) -Competencies
ij ij ij
The tasks performed on a routine basis by contract managers. Contract managers
ij ij ij ij ij ij ij ij ij ij ij
systematically process the job tasks to achieve the expected results of the
ij ij ij ij ij ij ij ij ij ij ij ij
competencies. - (correct answer) -Job Tasks
ij ij ij ij ij ij
The process of managing contracts throughout the contract life cycle while
ij ij ij ij ij ij ij ij ij ij
ensuring customer satisfaction. - (correct answer) -Contract Management
ij ij ij ij ij ij ij ij
, Negotiations, changes, requirement interpretations, deliverables, contract terms
ij ij ij ij ij ij
and conditions, and risk management are actions of who? - (correct answer) -
ij ij ij ij ij ij ij ij ij ij ij ij ij
Contract Manager ij
The contracted party with the requirement for goods and/or services to be fulfilled
ij ij ij ij ij ij ij ij ij ij ij ij
by one or more sellers. - (correct answer) -Buyer
ij ij ij ij ij ij ij ij ij
The contracted party tasked with fulfilling the buyer's requirement for goods and/or
ij ij ij ij ij ij ij ij ij ij ij
services. - (correct answer) -Seller
ij ij ij ij ij
The process by which efforts of all personnel responsible for acquiring goods or
ij ij ij ij ij ij ij ij ij ij ij ij
services are coordinated and integrated through a comprehensive plan for
ij ij ij ij ij ij ij ij ij ij
fulfilling the customer need in a timely manner at a reasonable cost. - (correct
ij ij ij ij ij ij ij ij ij ij ij ij ij ij
answer) -Plan Solicitation
ij ij ij
The process of implementing the solicitation plan by soliciting responses from
ij ij ij ij ij ij ij ij ij ij
sellers in order to fulfill a customer need. - (correct answer) -Request Offers
ij ij ij ij ij ij ij ij ij ij ij ij ij
The process of describing all the elements of the customer requirements
ij ij ij ij ij ij ij ij ij ij
(technical, business, regulatory, etc.) to the sellers. - (correct answer) -Develop
ij ij ij ij ij ij ij ij ij ij ij
Solicitation
ij
The organization's ability to execute the sales plan as it assembles an offer to win
ij ij ij ij ij ij ij ij ij ij ij ij ij ij
business. - (correct answer) -Prepare Offer
ij ij ij ij ij ij
The process of Determining reasonable cost and pricing, Conducting negotiations,
ij ij ij ij ij ij ij ij ij
Selecting the source, and Managing disagreements. - (correct answer) -Form
ij ij ij ij ij ij ij ij ij ij
Contract
ij
The process of examining and evaluating an offeror's proposed price without
ij ij ij ij ij ij ij ij ij ij
evaluation of the separate detailed cost elements and proposed profit of the
ij ij ij ij ij ij ij ij ij ij ij ij
offeror's price proposal. - (correct answer) -Price Analysis
ij ij ij ij ij ij ij ij
The process of preparing for interaction between the buyer and seller regarding all
ij ij ij ij ij ij ij ij ij ij ij ij
aspects of the offer and its terms, and often involves clarifying requirements and
ij ij ij ij ij ij ij ij ij ij ij ij ij
parties requesting changes or consideration of an alternate approach that may be
ij ij ij ij ij ij ij ij ij ij ij ij
consistent with the solicitation requirements. - (correct answer) -Plan Negotiations
ij ij ij ij ij ij ij ij ij ij
The process of analyzing submitted offers in accordance with the solicitation
ij ij ij ij ij ij ij ij ij ij
evaluation criteria to select the source that has the highest probability of
ij ij ij ij ij ij ij ij ij ij ij ij
satisfactory contract performance. - (correct answer) -Select Source
ij ij ij ij ij ij ij ij
The process of resolving conflict between potential and actual contracted parties in
ij ij ij ij ij ij ij ij ij ij ij
order to maintain legal conformity - (correct answer) -Manage Disagreements
ij ij ij ij ij ij ij ij ij ij
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Wisdoms. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
