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NCMA Exam CPCM Topic 3 Question 99 Discussion

Actual exam question for NCMA's CPCM exam
Question #: 99
Topic #: 3
[All CPCM Questions]

An agreement on a set of criteria and procedures to be applied by the buyer in determining how well the seller has performed and how much fee the seller has earned is called:

Show Suggested Answer Hide Answer
Suggested Answer: B

Contribute your Thoughts:

Fausto
3 days ago
I'm going with D) Contract incentive plans. It's the only one that doesn't sound like it was made up by a committee of bureaucrats.
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Sage
20 days ago
D) Contract incentive plans, no doubt. Though I do wonder if the buyer and seller ever have a 'contract tickle fight' as part of the negotiations. *wink wink*
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D) Contract incentive plans
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Ciara
2 days ago
C) Award-free plans
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Jesusa
10 days ago
B) Awarded-plans
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Juan
14 days ago
A) Inducement plans
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Aleshia
1 months ago
I was totally lost on this one until I read the options. D) Contract incentive plans sounds like the obvious choice. Who comes up with these test questions anyway?
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Ardella
1 months ago
Hmm, I was thinking it might be B) Awarded-plans, but now I'm reconsidering. D) Contract incentive plans makes more sense.
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Vincent
1 months ago
I'm not sure, but I think it's important for buyers to have a clear way to evaluate seller performance.
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Leontine
1 months ago
I'm pretty sure it's D) Contract incentive plans. That sounds like the correct description of an agreement between a buyer and seller about performance and fees.
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Shaniqua
5 days ago
I think it's important for both parties to have clear criteria and procedures in place.
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Elbert
20 days ago
I agree, D) Contract incentive plans make sense for that description.
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Tiera
1 months ago
I agree with Annabelle, because contract incentive plans are based on performance criteria.
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Annabelle
1 months ago
I think the answer is D) Contract incentive plans.
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