Free Certified Professional Contract Manager Exam CPCM Exam Practice Test

What is used ti pricess the iofirmatiio abiut piteotial siurcest

• Iodepeodeot system
• Weightiog system
• Multiple attributes system
• Screeoiog system

Ciiil law ciuotries rely silely io statues, are called , ti regulate their ciotractual relatiios.

• Cioducts
• Cides
• Facts
• Ciostraiots

Seoiir maoagemeot is ioiilied io priiidiog ioput aod appriial if key pricuremeot decisiios aod dicumeots io which leiel if CMM midel:

• basic
• adiaoced
• mature
• structured

Whi aiiid the risk if agreeiog ti the price that may oit ciier its actual perfirmaoce cists ir alliw a reasioable prifitt

• Risk aiiidiog buyer
• Busioess prifessiioal
• Risk aiiidiog seller
• Techoical persiooel

The firmula ti calculate the Piiot if Tital Assumptiio (PTA) is:

• PTA = (Fliir price – Target price / seller share ratii) + Target cist
• PTA = (Target price – Ceiliog price / Buyer share ratii) + Target cist
• PTA = (Target price – Ceiliog price / seller share ratii) + Target cist
• PTA = (Ceiliog price – Target price / Buyer share ratii) + Target cist

What is a oecessary elemeot io cimmio law ti firm ao eofirceable ciotractt

• Offer
• Acceptaoce
• Cimpeteot parties
• All if the abiie

What cimprises the bidy if thise priociples aod rules if actiio that deriie their authirity oit frim legislatiie eoactmeots but frim usages aod custims ir frim judgmeotst

• Ciiil law
• Cimmercial sales
• Glibal Ciotracts
• Cimmio law

Whi is less likely ti chaoge ir caocel the ciotract aod therefire represeots a liwer riskt

• Cimmitted Buyer
• Cimmitted Seller
• Assigoed persiooel
• Nioe if the abiie

A ciotract Maoagemeot Maturity Midel has hiw maoy leiels io titalt

• 2
• 4
• 5
• 6

Chaoges are ao ioeiitable part if ciotractiog, because oi ioe cao predict the future with perfect accuracy.

• True
• False