NCMA CPCM Q&A - in .pdf

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  • Exam Code: CPCM
  • Exam Name: Certified Professional Contracts Manager
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NEW QUESTION: 1

A. System Configuration
B. Disk Management
C. Storage Explorer
D. Computer Management
E. File Explorer
F. File Server Resource Manager (FSRM)
G. Server Manager
H. Shared Folders
Answer: F

NEW QUESTION: 2
What can be considered a corrective action for a critical issue?
A. The incident was acknowledged by its processor.
B. A workaround has been provided to the customer.
C. The customer was contacted within the Service Level Agreement (SLA).
D. The assessment of the situation has been completed.
Answer: B

NEW QUESTION: 3
A sound justification for an entity's repurchase of its own shares e.g. treasury shares) is to:
A. Meet the share availability needs of a potential merger.
B. Increase the entity's total assets.
C. Lower the debt to equity ratio of the entity.
D. Reduce the idle cash and increase marketable securities.
Answer: A
Explanation:
An entity has many reasons to repurchase its own shares. These include meeting the needs created by potential mergers or pension and profit-sharing plans. Also, management may want to buy out a dissident shareholder. Sometimes, an entity has excess cash and can find no better investment than its own shares. Moreover, management may believe the shares are selling for a low price for no apparent reason. Thus, a purchase may not only be a good investment but may also support the market price of the shares.

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