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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:

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Suggested Answer: B

by Devon at Sep 17, 2024, 09:05 AM

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Fausto
2 months 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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Mona
22 days ago
Yeah, D) Contract incentive plans seems like the most logical choice.
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Charolette
27 days ago
I think D) Contract incentive plans makes the most sense too.
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Yaeko
1 months ago
I agree, D) Contract incentive plans sounds the most straightforward.
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Sage
3 months 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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Tonette
1 months ago
I agree, it's important to have clear criteria and procedures in place.
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Golda
1 months ago
D) Contract incentive plans, definitely the way to go.
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Milly
2 months ago
Haha, that would be an interesting negotiation tactic!
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Peter
2 months ago
D) Contract incentive plans
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Ciara
2 months ago
C) Award-free plans
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Jesusa
2 months ago
B) Awarded-plans
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Juan
3 months ago
A) Inducement plans
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Aleshia
3 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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Kenneth
2 months ago
Yeah, it definitely makes the most sense out of all the options.
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Elmira
2 months ago
I agree, D) Contract incentive plans seems like the most logical choice.
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Ardella
3 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
3 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
3 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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Sarina
2 months ago
Definitely, it's a way to motivate the seller to perform well and earn their fee.
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Jesusa
2 months ago
Yes, it helps ensure fairness and transparency in the agreement.
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Shaniqua
2 months ago
I think it's important for both parties to have clear criteria and procedures in place.
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Elbert
3 months ago
I agree, D) Contract incentive plans make sense for that description.
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Tiera
3 months ago
I agree with Annabelle, because contract incentive plans are based on performance criteria.
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Annabelle
3 months ago
I think the answer is D) Contract incentive plans.
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