NCMA CCMA Study Guide(Certified Contract Management Associate) Questions With Correct Answers.
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Course
NCMA
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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
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contracts, perform contracts, and close contracts. - (correct answer) -Contract
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Management
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The authorized representative or agent for a contracting party. - (correct answer) -
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Contract Manager ij
A mutually binding legal relationship obligating the seller to furnish supplies or
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services and the buyer to provide consideration in exchange for them. - (correct
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answer) -Contract
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The execution of the terms of a contract. - (correct answer) -Contract performance
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For contract management, these principles apply to all contract managers in all
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phases of the contract life cycle. - (correct answer) -Guiding Principles
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The phases of a contract: pre-award, award, and post-award. - (correct answer) -
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Contract Life Cycle Phases ij ij ij
The areas within a contract life cycle phase that produce significant contract
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management outcomes. - (correct answer) -Domains
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The processes utilized to produce the expected contract management outcomes of
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the domains. These processes involve the ability to perform multiple job tasks,
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both simultaneously and sequentially, while achieving meaningful results. -
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(correct answer) -Competencies
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The tasks performed on a routine basis by contract managers. Contract managers
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systematically process the job tasks to achieve the expected results of the
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competencies. - (correct answer) -Job Tasks
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The process of managing contracts throughout the contract life cycle while
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ensuring customer satisfaction. - (correct answer) -Contract Management
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, Negotiations, changes, requirement interpretations, deliverables, contract terms
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and conditions, and risk management are actions of who? - (correct answer) -
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Contract Manager ij
The contracted party with the requirement for goods and/or services to be fulfilled
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by one or more sellers. - (correct answer) -Buyer
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The contracted party tasked with fulfilling the buyer's requirement for goods and/or
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services. - (correct answer) -Seller
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The process by which efforts of all personnel responsible for acquiring goods or
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services are coordinated and integrated through a comprehensive plan for
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fulfilling the customer need in a timely manner at a reasonable cost. - (correct
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answer) -Plan Solicitation
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The process of implementing the solicitation plan by soliciting responses from
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sellers in order to fulfill a customer need. - (correct answer) -Request Offers
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The process of describing all the elements of the customer requirements
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(technical, business, regulatory, etc.) to the sellers. - (correct answer) -Develop
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Solicitation
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The organization's ability to execute the sales plan as it assembles an offer to win
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business. - (correct answer) -Prepare Offer
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The process of Determining reasonable cost and pricing, Conducting negotiations,
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Selecting the source, and Managing disagreements. - (correct answer) -Form
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Contract
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The process of examining and evaluating an offeror's proposed price without
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evaluation of the separate detailed cost elements and proposed profit of the
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offeror's price proposal. - (correct answer) -Price Analysis
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The process of preparing for interaction between the buyer and seller regarding all
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aspects of the offer and its terms, and often involves clarifying requirements and
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parties requesting changes or consideration of an alternate approach that may be
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consistent with the solicitation requirements. - (correct answer) -Plan Negotiations
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The process of analyzing submitted offers in accordance with the solicitation
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evaluation criteria to select the source that has the highest probability of
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satisfactory contract performance. - (correct answer) -Select Source
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The process of resolving conflict between potential and actual contracted parties in
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order to maintain legal conformity - (correct answer) -Manage Disagreements
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