NCMA Exam CPCM Topic 1 Question 74 Discussion

Actual exam question for NCMA's CPCM exam

Question #: 74
Topic #: 1

[All CPCM Questions]

A fixed fee that the seller will earn no matter how its performance is evaluated in known as:

Aincurred fee

Baward fee

Cperiod fee

Dbase fee

Show Suggested Answer

Suggested Answer: D

by Rosio at Aug 30, 2023, 12:17 AM

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Osvaldo

1 months ago

Oooh, this one's a toughie! I was tempted to go with C) period fee, but that just sounds like something you'd pay your accountant. D) base fee is where it's at - the guaranteed paycheck that keeps the bills paid, no matter how well you perform. It's the corporate version of a participation trophy!

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Edna

1 months ago

Hmm, I was thinking B) award fee might be the answer, but then I remembered that's more of a bonus situation. D) base fee is the classic 'no matter what' type of fee. It's like getting paid to show up, which I can definitely appreciate!

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Mirta

2 months ago

A) incurred fee sounds like something I'd want to avoid, not get paid! And C) period fee doesn't really give me a clear picture of what that means. D) base fee is the way to go for a steady income stream.

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Leota

18 days ago

Yeah, C) period fee is a bit confusing, I'd go with D) base fee too.

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Gaston

30 days ago

I think D) base fee is the safest option for a steady income.

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Glendora

1 months ago

I agree, A) incurred fee doesn't sound very appealing.

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Virgina

2 months ago

I was leaning towards B) award fee, but I guess that's more for when the seller exceeds expectations. D) base fee makes sense as the fixed compensation. Gotta love those no-risk deals, am I right?

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Katheryn

2 months ago

The correct answer is D) base fee. This is a fixed amount that the seller will earn regardless of performance evaluation. It's like a guaranteed paycheck, no matter how well they do their job!

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