Certified Texas Contract Manager Practice Exam

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Which of the following statements is true regarding commodities contracts?

  1. They represent 32.9% of total contracts

  2. They account for 23.7% of total contracts

  3. They are part of all other service contracts

  4. They represent 21.1% of total contracts

The correct answer is: They represent 21.1% of total contracts

The correct answer indicates that commodities contracts represent 21.1% of total contracts. This percentage exemplifies the significant portion that commodities contracts occupy within the broader category of contracts. Understanding this distribution is essential for contract managers as it highlights the importance of commodities in public and private procurement processes. Commodities contracts are crucial because they often involve the procurement of basic goods and services that are fundamental to various operations. Knowing the exact proportion helps in strategic planning and allocation of resources within an organization. Additionally, the other options indicate different proportions of commodities contracts within the total contracts. However, they do not accurately reflect the true share of commodities contracts, reinforcing the significance of using correct statistical data in contract analysis and management.

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