New Year Sale 2026! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

NCMA CPCM Exam - 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.

Show Suggested Answer Hide Answer
Suggested Answer: C

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

Limited Time Offer

25%

Off

Get Premium CPCM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Juliana
3 months ago
Yup, "fee" is the right term here.
upvoted 0 times
...
Allene
3 months ago
I thought it was more complicated than just a fee.
upvoted 0 times
...
Iola
3 months ago
Wait, is it really that simple?
upvoted 0 times
...
Mona
4 months ago
Totally agree, it's the fee!
upvoted 0 times
...
Lynda
4 months ago
It's definitely "fee."
upvoted 0 times
...
Shad
4 months ago
I’m pretty confident it’s "fee." It’s the only term that makes sense in this context.
upvoted 0 times
...
Catrice
4 months ago
I keep mixing up the terms. Is it "fee" or something else? I wish I had reviewed this more.
upvoted 0 times
...
Kyoko
4 months ago
I remember practicing a similar question, and "fee" was definitely the term we used for that profit component.
upvoted 0 times
...
Joanne
5 months ago
I think the answer is "fee," but I'm not entirely sure. It sounds familiar from the lectures.
upvoted 0 times
...
Xenia
5 months ago
Okay, let me break this down. The question is asking for the term that represents the profit component, and the options are fee, statement, penalty, and none of the above. I'm leaning towards fee, but I want to double-check my understanding before answering.
upvoted 0 times
...
Terina
5 months ago
Ah, I remember learning about this in class. The profit component in a cost-plus-a-percentage-of-cost contract is called the "fee." I'm confident that's the right answer.
upvoted 0 times
...
Zita
5 months ago
Hmm, I'm a bit unsure about this one. I know the cost-plus contract involves reimbursing the seller's actual costs, but I can't quite remember the specific term for the profit component. I'll have to think this through carefully.
upvoted 0 times
...
Gayla
5 months ago
This one seems pretty straightforward. The key is to identify the term that represents the profit component in a cost-plus-a-percentage-of-cost contract.
upvoted 0 times
...
Zita
9 months 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.'
upvoted 0 times
Hester
8 months ago
No, it's not a statement. It's an additional payment for their work.
upvoted 0 times
...
Laticia
8 months ago
B) statement
upvoted 0 times
...
Lilli
9 months ago
Yeah, it's a way to incentivize the seller to keep costs low.
upvoted 0 times
...
Lindy
9 months ago
A) fee
upvoted 0 times
...
...
Jerilyn
9 months 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.
upvoted 0 times
...
Deonna
9 months 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.
upvoted 0 times
Emelda
9 months ago
B) statement
upvoted 0 times
...
Leatha
9 months ago
I agree, 'fee' makes the most sense in this context.
upvoted 0 times
...
Howard
9 months ago
A) fee
upvoted 0 times
...
...
Lorean
11 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.
upvoted 0 times
Carissa
10 months ago
No, it's not a statement. It's a fee for the seller.
upvoted 0 times
...
Kimberely
10 months ago
B) statement
upvoted 0 times
...
Alecia
10 months ago
Exactly, it's a fee that the seller receives on top of their actual costs.
upvoted 0 times
...
Nickolas
10 months ago
A) fee
upvoted 0 times
...
...
Olen
11 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.
upvoted 0 times
...
Carlota
11 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.
upvoted 0 times
...
Jerilyn
11 months ago
A) fee
upvoted 0 times
...

Save Cancel