CPCM

CPCM practice questions, page 6 of 6, with answer review and explanations.

Question 26

Commercial products and commercial services from which reasonable prices can be established, is the suitability for which contract type?

  1. Firm-fixed price
  2. Firm-variable price
  3. Fixed-price incentive
  4. Price adjustment

Question 27

Price can be adjusted on action of an industry-wide contingency that is beyond seller’s control is a disadvantage of which contract type?

  1. Firm-fixed price
  2. Firm-variable price
  3. Cost-plus-Fixed-fee incentive
  4. Fixed-price with economic price adjustment

Question 28

Allowable costs of contract performance are reimbursed, but not fee is paid is the advantage of cost reimbursement contract type.

  1. True
  2. False