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NCMA Exam CPCM Topic 1 Question 101 Discussion

Actual exam question for NCMA's CPCM exam
Question #: 101
Topic #: 1
[All CPCM Questions]

The cost-plus-a-percentage-of-cost contract provides for the seller to receive reimbursement for its actual cost and a profit component, called __________, equal to some predetermined percentage of its actual costs.

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Suggested Answer: C

by Carri at Sep 14, 2024, 10:03 PM

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Zita
13 days ago
A fee, huh? Sounds like the seller's getting a little extra for their troubles. It's like they're saying, 'Hey, thanks for doing all the hard work. Here's a little something for your trouble.'
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Lindy
1 days ago
A) fee
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Jerilyn
18 days ago
None of the above? Really? That's a bold move. I mean, it's not like the question is asking for rocket science or anything. Gotta be one of those options, right? Or maybe the exam writer is just messing with us.
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Deonna
20 days ago
Hmm, I'm not so sure about that. 'Statement' and 'penalty' just don't seem to fit the context here. I'm leaning towards A, but I'll double-check my notes just to be safe.
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Howard
3 days ago
A) fee
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Lorean
2 months ago
A fee? Well, that's a pretty straightforward answer. It's like the seller gets a little bonus for doing their job, you know? No brainer if you ask me.
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Carissa
24 days ago
No, it's not a statement. It's a fee for the seller.
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Kimberely
28 days ago
B) statement
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Alecia
1 months ago
Exactly, it's a fee that the seller receives on top of their actual costs.
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Nickolas
1 months ago
A) fee
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Olen
2 months ago
I agree with Carlota, the cost-plus-a-percentage-of-cost contract is designed to ensure the seller is reimbursed for their costs and also makes a profit through a fee.
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Carlota
2 months ago
I think the answer is A) fee because it makes sense for the seller to receive a profit component based on a percentage of their actual costs.
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Jerilyn
2 months ago
A) fee
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