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NCMA CPCM Exam - Topic 4 Question 116 Discussion

Actual exam question for NCMA's CPCM exam
Question #: 116
Topic #: 4
[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: C

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Aaron
2 months ago
Nope, it's definitely Contract incentive plans.
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Ashley
2 months ago
I thought it was called Awarded-plans.
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Lauran
2 months ago
Wait, are we sure about that? Sounds a bit off.
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Rusty
2 months ago
It's definitely called Contract incentive plans.
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Stephaine
3 months ago
Totally agree, that's the right term!
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Gearldine
3 months ago
I feel like "Awarded-plans" could be a possibility, but I can't recall the exact definition we discussed in class.
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Joesph
3 months ago
I'm a bit confused; I thought "Inducement plans" was the term used for these types of agreements.
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Kiley
4 months ago
I remember practicing a question similar to this, and I think "Contract incentive plans" sounds right.
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Serita
4 months ago
I think this might be related to performance evaluations, but I'm not entirely sure which term fits best.
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Rikki
4 months ago
I'm a little confused by the wording of this question. I'll read through the options again and try to pick the one that makes the most sense.
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Brynn
4 months ago
Contract incentive plans, that's got to be the right answer. I'm confident I've seen that term before in the course materials.
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Lelia
4 months ago
Okay, I remember learning about these types of contract plans in class. I'm going to go with my best guess and select the option that sounds most familiar.
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Angella
4 months ago
Hmm, I'm a bit unsure about this one. I'll need to think it through carefully and eliminate the options that don't seem to fit.
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Winfred
5 months ago
This question seems straightforward, I think I know the answer but I'll double-check the options just to be sure.
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Kindra
5 months ago
D) Contract incentive plans. It's the only one that doesn't sound like it was written by a toddler.
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Ngoc
5 months ago
I'm just glad it's not C) Award-free plans. That sounds like the worst kind of plan ever!
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Olive
1 month ago
Exactly! They motivate sellers to perform better.
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Andra
2 months ago
Definitely not me! Contract incentive plans make more sense.
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Laurena
2 months ago
I agree! Award-free plans sound pointless.
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Stevie
3 months ago
Right? Who would want that?
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Shawnee
6 months ago
I'm not sure, but I think it's between A) Inducement plans and D) Contract incentive plans.
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Cyril
6 months ago
D) Contract incentive plans. It's the only one that actually makes sense. The others sound like they were made up on the spot.
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Mozell
5 months ago
Yeah, the other options sound a bit strange compared to Contract incentive plans.
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Quiana
5 months ago
I agree, Contract incentive plans is the most logical choice.
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Reid
6 months ago
I agree with Afton, it makes sense to have a contract incentive plan in place.
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Malinda
6 months ago
Hmm, I'm torn between A) Inducement plans and D) Contract incentive plans. Decisions, decisions.
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Lashaun
6 months ago
I'm going with B) Awarded-plans. It just has a nice ring to it, you know?
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Lindsey
6 months ago
D) Contract incentive plans. This seems like the most logical and comprehensive answer to me.
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Brandon
5 months ago
Contract incentive plans provide motivation for sellers to perform well.
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Rueben
5 months ago
I think having a set agreement benefits both the buyer and seller.
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Kattie
5 months ago
It's important to have clear criteria for determining seller performance.
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Larae
5 months ago
I agree, contract incentive plans make the most sense.
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Afton
7 months ago
I think the answer is D) Contract incentive plans.
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