Exam (elaborations)
NCMA CCMA Study Guide Questions And Answers A+graded
- Course
- Institution
NCMA CCMA Study Guide Questions And Answers A+graded
[Show more]
Content preview
NCMA CCMA Study Guide QuestionsAnd Answers A+graded
The actions of a contract manager to develop solicitations, develop offers, form contracts, p
k k k k k k k k k k k k k
erform contracts, and close contracts. - correct answer...✔✔Contract Management
k k k k k k k k
The authorized representative or agent for a contracting party. - correct answer...✔✔
k k k k k k k k k k k
Contract Manager k
A mutually binding legal relationship obligating the seller to furnish supplies or services and
k k k k k k k k k k k k k k
the buyer to provide consideration in exchange for them. - correct answer...✔✔Contract
k k k k k k k k k k k
The execution of the terms of a contract. - correct answer...✔✔Contract performance
k k k k k k k k k k k
For contract management, these principles apply to all contract managers in all phases of t
k k k k k k k k k k k k k k
he contract life cycle. - correct answer...✔✔Guiding Principles
k k k k k k k
The phases of a contract: pre-award, award, and post-award. - correct answer...✔✔
k k k k k k k k k k k
Contract Life Cycle Phases k k k
The areas within a contract life cycle phase that produce significant contract management
k k k k k k k k k k k k k
outcomes. - correct answer...✔✔Domains k k k
The processes utilized to produce the expected contract management outcomes of the do
k k k k k k k k k k k k
mains. These processes involve the ability to perform multiple job tasks, both simultaneous
k k k k k k k k k k k k
ly and sequentially, while achieving meaningful results. - correct answer...✔✔
k k k k k k k k k
Competencies
The tasks performed on a routine basis by contract managers. Contract managers systema
k k k k k k k k k k k k
tically process the job tasks to achieve the expected results of the competencies. -
k k k k k k k k k k k k k
kcorrect answer...✔✔Job Tasks k k
The process of managing contracts throughout the contract life cycle while ensuring custo
k k k k k k k k k k k k
mer satisfaction. - correct answer...✔✔Contract Management
k k k k k
Negotiations, changes, requirement interpretations, deliverables, contract terms and condi
k k k k k k k k
tions, and risk management are actions of who? - correct answer...✔✔Contract Manager
k k k k k k k k k k k
The contracted party with the requirement for goods and/or services to be fulfilled by one or
k k k k k k k k k k k k k k k k
more sellers. - correct answer...✔✔Buyer
k k k k
The contracted party tasked with fulfilling the buyer's requirement for goods and/or services
k k k k k k k k k k k k
. - correct answer...✔✔Seller
k k k
AGRADESOLUTIONS
, The process by which efforts of all personnel responsible for acquiring goods or services ar
k k k k k k k k k k k k k k
e coordinated and integrated through a comprehensive plan for fulfilling the customer need
k k k k k k k k k k k k k
in a timely manner at a reasonable cost. - correct answer...✔✔Plan Solicitation
k k k k k k k k k k k
The process of implementing the solicitation plan by soliciting responses from sellers in ord
k k k k k k k k k k k k k
er to fulfill a customer need. - correct answer...✔✔Request Offers
k k k k k k k k k
The process of describing all the elements of the customer requirements (technical, busine
k k k k k k k k k k k k
ss, regulatory, etc.) to the sellers. - correct answer...✔✔Develop Solicitation
k k k k k k k k k
The organization's ability to execute the sales plan as it assembles an offer to win business.
k k k k k k k k k k k k k k k
- correct answer...✔✔Prepare Offer
k k k k
The process of Determining reasonable cost and pricing, Conducting negotiations, Selecti
k k k k k k k k k k
ng the source, and Managing disagreements. - correct answer...✔✔Form Contract
k k k k k k k k k
The process of examining and evaluating an offeror's proposed price without evaluation of t
k k k k k k k k k k k k k
he separate detailed cost elements and proposed profit of the offeror's price proposal. -
k k k k k k k k k k k k k
correct answer...✔✔Price Analysis
k k k
The process of preparing for interaction between the buyer and seller regarding all aspects
k k k k k k k k k k k k k k
of the offer and its terms, and often involves clarifying requirements and parties requesting
k k k k k k k k k k k k k k
changes or consideration of an alternate approach that may be consistent with the solicitati
k k k k k k k k k k k k k
on requirements. - correct answer...✔✔Plan Negotiations
k k k k k
The process of analyzing submitted offers in accordance with the solicitation evaluation crit
k k k k k k k k k k k k
eria to select the source that has the highest probability of satisfactory contract performanc
k k k k k k k k k k k k k
e. - correct answer...✔✔Select Source
k k k k
The process of resolving conflict between potential and actual contracted parties in order to
k k k k k k k k k k k k k
maintain legal conformity - correct answer...✔✔Manage Disagreements
k k k k k k k
The process of executing contract requirements, managing business relationships, ensuri
k k k k k k k k k
ng quality, and managing changes - correct answer...✔✔Perform Contract
k k k k k k k k
The process of Confirming expectations, Maintaining communication channels, Processin
k k k k k k k k
g contract documentation, Conducting post-
k k k k
award performance reviews, and Assessing contract performance. - correct answer...✔✔
k k k k k k k k k
Administer Contract k
The process of Planning for contract performance delivery and monitoring, and Inspecting
k k k k k k k k k k k k
and accepting contract performance. - correct answer...✔✔Ensure Quality
k k k k k k k
AGRADESOLUTIONS
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 agradesolutions. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82871 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now