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:

AInducement plans

BAwarded-plans

CAward-free plans

DContract incentive plans

Show Suggested Answer

Suggested Answer: B

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

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Sage

16 days 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*

upvoted 0 times

Jesusa

6 days ago

B) Awarded-plans

upvoted 0 times

...

Juan

10 days ago

A) Inducement plans

upvoted 0 times

...

Aleshia

26 days 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?

upvoted 0 times

...

Ardella

28 days ago

Hmm, I was thinking it might be B) Awarded-plans, but now I'm reconsidering. D) Contract incentive plans makes more sense.

upvoted 0 times

...

Vincent

28 days ago

I'm not sure, but I think it's important for buyers to have a clear way to evaluate seller performance.

upvoted 0 times

...

Leontine

28 days 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.

upvoted 0 times