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Certified Professional Contracts Manager (CPCM) Questions 66–70 (page: 15)

Updated On: 23-Feb-2026

Obtaining quality products, services, and/or solutions at the lowest possible price is usually a key ______________ factor for most buyers.

  1. rapid delivery
  2. procurement plan
  3. opportunity
  4. source selection

Answer(s): D



Which of the following is NOT the step of managing expectations process?

  1. Ask
  2. Agree
  3. Align
  4. Fulfill

Answer(s): B



Negotiating a challenging but achievable set of objectives for all parties, based upon the realities of the situation is called:

  1. Control expectations
  2. Exceed expectations
  3. Aligning expectations
  4. Negotiate expectations

Answer(s): C



To build successful partnerships, business typically look for which of the following ingredients?

  1. Complementary strength
  2. Common customer base
  3. Chemistry
  4. All of the above

Answer(s): D



The art and science of managing a contractual agreement throughout the contracting process is called:

  1. Contract management
  2. Contract Agreement process
  3. Contractual Authorities
  4. Contractual business

Answer(s): A



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