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NCMA CPCM (Certified Professional Contracts Manager) certification exam is designed for professionals who are involved in the management of contracts and procurement activities. CPCM exam is recognized globally as a leading certification for individuals who want to demonstrate their expertise in the field of contracts management. Certified Professional Contracts Manager certification exam covers a range of topics, including contract formation and administration, contract types, procurement planning, and contract pricing.
You will be able to experience the real exam scenario by practicing with NCMA CPCM practice test questions. As a result, you should be able to pass your NCMA CPCM Exam on the first try. NCMA CPCM desktop software can be installed on Windows-based PCs only. There is no requirement for an active internet connection.
The CPCM Certification is designed for both public and private sector professionals. It is open to individuals who have a minimum of five years of experience in contract management, as well as education in the relevant field. These candidates must also pass a comprehensive exam that covers a variety of topics related to contract management.
NEW QUESTION # 134
Under a/an __________ cost system, a company accounts for output by identifying specific physical units.
Answer: B
Explanation:
The correct answer is A (job-order) because, within the NCMA Contract Management Body of Knowledge (CMBOK), a job-order costing system is used when costs are accumulated and assigned to specific, identifiable units or jobs . Each job or contract is treated as a distinct cost object, allowing organizations to track costs individually for each project, product, or service.
In a job-order cost system, costs such as labor, materials, and overhead are directly traced or allocated to a particular job. This approach is especially relevant in contract management environments where work is customized, project-based, or unique , such as construction contracts, consulting services, or specialized manufacturing. By identifying specific physical units or deliverables, contract managers can accurately determine the cost and profitability of each contract.
Option C ( process costing ) is used when products are mass-produced and indistinguishable, with costs averaged across large volumes, not tied to specific units. Option D ( activity-based costing ) allocates costs based on activities but does not focus on identifying individual physical units. Option B ( unit ) is not a standard cost accounting system.
CMBOK emphasizes that selecting the appropriate costing method is essential for accurate pricing, budgeting, and financial control. Job-order costing supports detailed cost tracking and accountability, making it highly suitable for contract-based work where each deliverable must be individually managed and evaluated.
NEW QUESTION # 135
An Apparent Authority is __________.
Answer: C
Explanation:
The correct answer is B (The appearance of being a principal's agent with the power to act for the principal) because, in the NCMA Contract Management Body of Knowledge (CMBOK), apparent authority refers to a situation where a third party reasonably believes that an individual has the authority to act on behalf of a principal, even if such authority has not been formally granted.
Apparent authority arises from the actions, representations, or conduct of the principal , which create the perception that the agent is authorized. For example, if a company allows an employee to act in a way that suggests decision-making authority, a third party may reasonably assume that the employee has the power to bind the organization. In such cases, the principal may still be legally bound by the agent's actions, even if actual authority was never explicitly granted.
Option A and D describe actual (express) authority , where authority is intentionally given by the principal.
Option C refers to implied authority , which arises from circumstances or necessary actions to carry out duties.
CMBOK emphasizes understanding different types of authority to prevent unauthorized commitments and legal risk . Recognizing apparent authority is critical in contract management, as it protects third parties and ensures organizations properly control who is authorized to enter into binding agreements.
NEW QUESTION # 136
Continuous process improvement efforts are implemented to improve contract management process in which level of CMM model?
Answer: A
NEW QUESTION # 137
Over a period of time, if total assets increase by $44,000 and total liabilities decrease by $12,000, then the owner's equity will increase by __________.
Answer: B
Explanation:
The correct answer is C ($56,000) because it follows directly from the fundamental accounting equation emphasized in the NCMA Contract Management Body of Knowledge (CMBOK):
Assets = Liabilities + Owner's Equity
To determine the change in owner's equity, we analyze how changes in assets and liabilities affect the equation. If assets increase by $44,000 , this increases the left side of the equation. At the same time, if liabilities decrease by $12,000 , this reduces the liabilities portion on the right side.
To keep the equation balanced, owner's equity must increase by the combined effect of these changes.
Mathematically:
Change in Equity = Increase in Assets + Decrease in Liabilities
= $44,000 + $12,000
= $56,000
This means the owner's equity increases by $56,000.
In contract management, understanding this relationship is important for evaluating an organization's financial strength and stability . An increase in equity generally indicates improved financial health, which is critical when assessing contractor responsibility, risk, and long-term viability.
Option A and B only account for one side of the equation, while Option D incorrectly subtracts instead of combining the effects. Therefore, $56,000 is the correct and complete answer.
NEW QUESTION # 138
__________ apply(ies) to all potential and current contract managers. The blended and balanced implementation of these competencies will fortify the technical competencies of contract management.
Answer: A
Explanation:
The correct answer is D (Leadership and Management competencies) because, within the NCMA Contract Management Body of Knowledge (CMBOK), these competencies are designed to apply universally to all contract management professionals, regardless of their specific role, experience level, or phase of the contract lifecycle in which they operate. Leadership and management competencies form the foundational behavioral and organizational capabilities that enable contract managers to effectively apply technical skills.
These competencies include areas such as communication, decision-making, problem-solving, teamwork, strategic thinking, and ethical conduct. They are essential for successfully executing responsibilities across all phases-pre-award, award, and post-award-because contract management is not purely technical; it requires coordination with stakeholders, negotiation, performance oversight, and conflict resolution.
The phrase "blended and balanced implementation" highlights that technical competencies alone are insufficient. A contract manager must integrate leadership and management skills to ensure successful outcomes, drive organizational objectives, and maintain strong relationships with internal and external stakeholders.
Option A ( Guiding Principles competencies ) refers to overarching standards like integrity and compliance, but they are not described in CMBOK as the universal competencies strengthening technical skills. Option B refers to lifecycle phases, not competencies. Option C ( Learn competency ) focuses on continuous improvement, but it is not the primary universal competency set described in this context.
Thus, Leadership and Management competencies are critical enablers that strengthen all other areas of contract management.
NEW QUESTION # 139
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