NCMA Exam CPCM Topic 6 Question 64 Discussion

Actual exam question for NCMA's CPCM exam

Question #: 64
Topic #: 6

[All CPCM Questions]

The risk avoiding buyer wants to minimize the risk of agreeing to a higher price than necessary to cover the buyer's costs plus a reasonable profit.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: D

by Ernie at Jan 05, 2023, 01:50 PM

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Caitlin

4 days ago

False, obviously. The buyer wants to maximize their profit, not minimize the seller's. Gotta get that deal, am I right?

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Shasta

6 days ago

True, for sure. I mean, who wants to end up paying more than they have to? Gotta look out for that bottom line.

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Robt

15 days ago

Hmm, this one's a tricky one. Gotta be careful not to overpay, but what counts as a 'reasonable profit'? Sounds like a tough balancing act.

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Marget

2 days ago

A) True

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Sanjuana

20 days ago

I think it's true because a risk avoiding buyer would want to minimize any potential losses.

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Bulah

21 days ago

B) False

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Sanjuana

22 days ago

A) True

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