NCMA CCMA Study Guide Questions with 100% Complete Solutions, Rated to Pass
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Course
NCMA CCMA
Institution
NCMA CCMA
The actions of a contract manager to develop solicitations, develop offers, form contracts, perform co
ntracts, and close contracts. - cORRECT sOLUTION Contract Management
The authorized representative or agent for a contracting party. - cORRECT sOLUTION Contract Manager
A mutually binding l...
NCMA CCMA Study Guide Questions with
100% Complete Solutions, Rated to Pass
The actions of a contract manager to develop solicitations, develop offers, form
contracts, perform co
ntracts, and close contracts. - cORRECT sOLUTION Contract Management
The authorized representative or agent for a contracting party. - cORRECT
sOLUTION Contract Manager
A mutually binding legal relationship obligating the seller to furnish supplies or
services and the buyer to provide consideration in exchange for them. - cORRECT
sOLUTION Contract
The execution of the terms of a contract. - cORRECT sOLUTION Contract
performance
For contract management, these principles apply to all contract managers in all
phases of the contract life cycle. - cORRECT sOLUTION Guiding Principles
The phases of a contract: pre-award, award, and post-award. - cORRECT
sOLUTION Contract Life Cycle Phases
The areas within a contract life cycle phase that produce significant contract
management outcomes. - cORRECT sOLUTION Domains
The processes utilized to produce the expected contract management outcomes of
the domains. These processes involve the ability to perform multiple job tasks,
, both simultaneously and sequentially, while achieving meaningful results. -
cORRECT sOLUTION Competencies
The tasks performed on a routine basis by contract managers. Contract managers
systematically process the job tasks to achieve the expected results of the
competencies. - cORRECT sOLUTION Job Tasks
The process of managing contracts throughout the contract life cycle while
ensuring customer satisfaction. - cORRECT sOLUTION Contract Management
Negotiations, changes, requirement interpretations, deliverables, contract terms and
conditions, and risk management are actions of who? - cORRECT sOLUTION
Contract Manager
The contracted party with the requirement for goods and/or services to be fulfilled
by one or more sellers. - cORRECT sOLUTION Buyer
The contracted party tasked with fulfilling the buyer's requirement for goods and/or
services. - cORRECT sOLUTION Seller
The process by which efforts of all personnel responsible for acquiring goods or
services are coordinated and integrated through a comprehensive plan for fulfilling
the customer need in a timely manner at a reasonable cost. - cORRECT
sOLUTION Plan Solicitation
The process of implementing the solicitation plan by soliciting responses from
sellers in order to fulfill a customer need. - cORRECT sOLUTION Request Offers
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