Certified Texas Contract Manager Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Certified Texas Contract Manager Exam. Study with practice questions and detailed explanations. Get ready to ace your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What percentage of contracts does "commodities contracts" represent?

21.1%
32.9%
26.0%
23.7%

The correct answer is: 23.7%

The correct answer reflects the standard statistic for commodities contracts, indicating that they constitute a significant portion of the total contracts within a given analysis. Commodities contracts typically involve the buying and selling of goods such as raw materials or primary agricultural products, which are traded on exchanges. Understanding the market structure and the specific percentage of commodities contracts is critical for contract managers and professionals involved in procurement and supply chain management. This knowledge helps in assessing the overall market dynamics and in making informed decisions regarding contract negotiations and strategy development. It is essential for a certified contract manager to be aware of industry benchmarks, such as the percentage of commodities contracts, to effectively navigate the complexities of contract management in various sectors.