NCMA Exam CPCM 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.

Afee

Bstatement

Cpenalty

DNone of the above

Show Suggested Answer

Suggested Answer: C

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

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Olen

1 days 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.

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Carlota

2 days 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.

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Jerilyn

3 days ago

A) fee

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