NCMA CPCM Exam - Topic 2 Question 107 Discussion

Actual exam question for NCMA's CPCM exam

Question #: 107
Topic #: 2

[All CPCM Questions]

Contract closure by mutual agreement or breach of contract is called contract closeout.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

by Elvera at Feb 11, 2025, 05:01 PM

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King

3 months ago

Yep, breach or mutual agreement, it's still closeout!

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Jamal

3 months ago

Wait, are you sure about that? Sounds off.

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Dalene

3 months ago

Totally agree, it's all about how the contract ends.

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Sylvie

4 months ago

I thought it was only for mutual agreements.

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Quiana

4 months ago

That's true, closeout happens in both cases.

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Carrol

4 months ago

I thought contract closeout was only about mutual agreement, but now I'm confused if breach counts too.

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Lina

4 months ago

I feel like contract closeout is more about the completion of terms rather than just agreement or breach.

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Belen

4 months ago

I remember a practice question that mentioned contract closeout, but I can't recall if it was specifically about mutual agreement or breach.

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Gail

5 months ago

I think contract closeout refers to both mutual agreement and breach, but I'm not entirely sure if that's the correct definition.

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Teddy

5 months ago

This seems straightforward. Contract closeout is the term used when a contract is closed due to mutual agreement or breach, as opposed to other reasons for contract closure.

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Moira

5 months ago

Wait, I'm a little confused. Is contract closeout the same as contract closure, or is it a specific type of contract closure? I'll need to review my notes to be sure.

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Leah

5 months ago

Okay, I think I've got this. Contract closeout specifically refers to closure by mutual agreement or breach, as opposed to other ways a contract can be closed.

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Kerrie

5 months ago

Hmm, I'm not sure about this. I'll have to think it through carefully to make sure I understand the difference between contract closeout and other contract closure methods.

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Francesco

5 months ago

I'm pretty confident about this one. Contract closeout is the term for contract closure by mutual agreement or breach of contract.

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Alberta

1 year ago

Why do you think it's false, Vivan?

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Vivan

1 year ago

False. I think it's the opposite.

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Alberta

1 year ago

True. It makes sense to me.

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Gary

1 year ago

Haha, this question is a piece of cake! B is the obvious answer. Closeout and termination are totally different things.

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Shizue

1 year ago

I'm pretty sure the correct answer is B. Contract closure by mutual agreement or breach of contract is called contract termination, not contract closeout.

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Nida

1 year ago

B) False

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Eugene

1 year ago

A) True

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