NCMA Exam CPCM Topic 4 Question 105 Discussion

Actual exam question for NCMA's CPCM exam

Question #: 105
Topic #: 4

[All CPCM Questions]

What refers to verifying that all administrative matters are concluded on a contract that is otherwise physically complete?

AContract termination

BContract certificate

CContract closeout

DContract execution

Show Suggested Answer

Suggested Answer: C

by Angelyn at Jan 12, 2025, 04:55 PM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

King

12 days ago

Hmm, I think C) Contract closeout is the way to go. Gotta make sure everything is nice and tidy before moving on to the next contract. Wouldn't want the boss to find any skeletons in the closet!

upvoted 0 times

...

Robt

13 days ago

I'm feeling confident about C) Contract closeout. It's like finally cleaning your room after your parents have been on your case for weeks.

upvoted 0 times

...

Iluminada

16 days ago

C) Contract closeout, for sure. Wouldn't want the client to come back and say, 'Hey, you forgot to sign this form!' Gotta tie up those loose ends.

upvoted 0 times

...

Desirae

19 days ago

I'm going with C) Contract closeout. Wouldn't want any loose ends hanging around, would we? That's how you get those pesky audits.

upvoted 0 times

Narcisa

8 days ago

I agree, C) Contract closeout is the way to go.

upvoted 0 times

...

Tanja

1 months ago

I'm not sure, but I think it's between A) Contract termination and C) Contract closeout.

upvoted 0 times

...

Glenn

1 months ago

I agree with Loreta, because contract closeout refers to finalizing all administrative matters.

upvoted 0 times

...

Taryn

1 months ago

Contract closeout seems like the right answer here. Gotta make sure all the i's are dotted and t's are crossed before calling it a day on a contract.

upvoted 0 times

Edwin

10 days ago

Yes, contract closeout is the final step to ensure all administrative matters are settled.

upvoted 0 times

...

Reid

12 days ago

It's important to tie up all loose ends before officially closing out a contract.

upvoted 0 times

...

Myra

18 days ago

I agree, contract closeout is essential to ensure everything is in order.

upvoted 0 times

...

Loreta

1 months ago

I think the answer is C) Contract closeout.

upvoted 0 times

...