CPCM EXAM LEADERSHIP

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CPCM EXAM (LEADERSHIP

VOCABULARY)

WITH CORRECT SOLUTIONS.

Accountability - correct answer- An obligation or willingness to accept responsibility for one's actions

Character - correct answer- A leadership competency that says that contract leaders must be able to perform contract management with the highest standards of ethical behavior and with integrity, decisiveness and optimism

Collaboration - correct answer- Working jointly with others or together, especially in an intellectual endeavor

Competence - correct answer- A leadership competency that says that a contract leader must be technically proficient in contract management with a broad understanding of the practices, policies, and procedures inherent to contract management

Consensus - correct answer- General agreement; group solidarity in sentiment and belief 1 / 4

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Decisiveness - correct answer- The capacity to make decisions even when the decision may not be popular or may pose risk

Ethics - correct answer- The principles of conduct governing n individual or a group

Feedback - correct answer- Information about reactions to a person's performance of a task, used as a basis for Improvement

Integrative thinking - correct answer- The ability to face constructively the tension of opposing ideas and, instead of choosing one at the expense of the other, to create a resolution in the form of a new, superior idea that contains elements of each of the ideas

Integrity - correct answer- Having the courage to do what you say you will do; following through on promises in a manner that promotes trustworthiness

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Intuition - correct answer- The ability to assess a situation and know instinctively what to do, by blending fact with instinct and other intangible factors

Letter of the Law - correct answer- The literal interpretation of a rule or standard, but not necessarily the intent of those who wrote it

Mentoring - correct answer- The development by leaders of other leaders

Optimism - correct answer- The ability to give hope and instill confidence in others; giving followers something to look forward to and helping them see the way through chaos and complexity

Spirit of the Law - correct answer- The intended interpretation of a rule or standard, but. Or necessarily what is conveyed in the literal wording

Succession planning - correct answer- Empowering others and helping them develop, so they become capable of taking over the leader's job

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Values - correct answer- Individual or personal standards of what is valuable or important

Vision - correct answer- Being able to see the possibilities for a better future and guiding others on getting there

Accounting - correct answer- The way an organization collects, organizes, and records financial information for making management decisions; the way to report a company's transactions and to maintain accountability for its assets and liabilities.

Accounting System - correct answer- A formal communications network that supplies relevant information for planning, control, decision-making, and evaluation.

Acid test ratio - correct answer- The ratio determining how well the company's current liabilities can be satisfied by its current assets less inventory.

Activity-based costing system - correct answer- An accounting system focused on production cycle and based on the

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