Exam (elaborations)
CFCM Practice Test Questions with Answers| Latest Update| Verifed
- Course
- Institution
CFCM Practice Test Questions with Answers| Latest Update| Verifed
[Show more]
Seller
Follow
Content preview
CFCM Practice Test Questions with Answers|Latest Update| Verifed
If other than full and open competition is anticipated, the acquisition plan must be coordinated with
the cognizant - ✔✔competition advocate
Acquisition planning should begin - ✔✔as soon as the agency need is identified
The specific content of acquisition plans will vary, and are influenced primarily by which factors -
✔✔the nature, circumstances, and stage of the acquired
Market research may indicate that bundling is necessary and justified if - ✔✔the gov would
derive mesurably substantial benefits
The Federal Supply Schedule program provides federal agencies with a simplified process for obtaining
commonly used commercial supplies and services at prices associated with volume buying. It is
directed and managed by the - ✔✔GSA
Which of the following is the name of GSA's electronic system that allows ordering activities to post
requirements, obtain quotes, and issue orders electronically? - ✔✔ebuy
In the event that the Federal Prison Industries (FPI) and nonprofit agencies participating in the AbilityOne
program produce identification services, the ordering offices shall purchase services from the
,following sources based on priority. Identify the source that has 1st priority. - ✔✔AbilityOne
participating nonprofit organizations
Normally, testing and approval is appropriate in contracts for - ✔✔products requiring an
approved first article to serve as a manufacturing standard
A qualification requirement is a government requirement for - ✔✔testing or other quality assurance
demonstration that must be completed before award
The names and addresses of all suspended contractors may be found at the - ✔✔System for
Award Management Exclusions
Agencies are required to use the results of market research to determine - ✔✔The extent to
which commercial items or non developmental items could satisfy the need
If market research indicates that neither commercial items nor nondevelopmental items are available to
satisfy the agency needs, agencies - ✔✔must reeveluate the need and determine whether it can be
restated to permit commercial or nondevelopmenal items to satisfy them.
Within what time frame may previously conducted market research be used before the award of a task
or delivery order - ✔✔Within 18 months if if the info is still current, accurate, and relvant
Contract delivery or performance schedules may be expressed by - ✔✔the specific number of
days from the date of the contract
To the maximum extent practicable, acquisition officials should state all of the following requirements
with respect to an acquisition of supplies or services, with the exception of - ✔✔preference for
commerical or nondevelopmenal items
**They should state: functions, performance required, and physical characteristics
A contractor is awarded 4 separate contracts on the same day.
, - One contract is rated "DO" and has a final delivery date (FDD) in 60 days
- One is rated "DX" and has an FDD in 40 days
- One is "DO" and has FDD in 10 days
- One is unrated and has an FDD in 15 days.
What is the order of priority - ✔✔1. DX
2. Both DO's have same priority
3. Unrated
Contracting activities shall employ simplified acquisition procedures to the maximum extent
practicable for acquisitions of commercial items not exceeding - ✔✔$7M
Unless otherwise provided, agencies shall use which of the following contract type for the acquisition of
commercial items - ✔✔Firm-Fixed-Price or Fixed-Price with economic price adjustment contracts
Cost Accounting Standards - ✔✔do not apply to contacts and subcontracts for commercial
acquisition unless the contract provides for an economic price adjustment based on actual cost incurred
When acquiring commercial items, the contracting officer - ✔✔must establish price
reasonableness in accordance with FAR 13.106-3, 14.408-2, or Subpart 15.4, as applicable
A system whereby the contracting officer receives authorization from a fiscal and accounting officer to
obligate funds purchased documents against a specified lump sum of funds reserved for a specified time
rather than obtaining individual obligation authority on each purchase document is - ✔✔bulk
funding
When considering a simplified acquisition, which database should contracting officers use as their
primary source of vendor information? - ✔✔System for Award Management, SAM
When using the governmentwide commercial purchase card as a method of payment, COs need to
verify a contractor's delinquent debt status in SAM database when those purchases are -
✔✔above the micro puchase threshold
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller KenAli. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.24. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
85443 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now