CFCM EXAM ALREADY GRADED A+
1. Acquisition: - The process of acquiring, by contract with appropriated funds, supplies or services (including
construction) for the Federal Government through purchase or lease, whether existing or needing to be
created, developed, demonstrated, and evaluated. ...
- The process of acquiring, by contract with appropriated funds, supplies or services (including
construction) for the Federal Government through purchase or lease, whether existing or needing to be
created, developed, demonstrated, and evaluated. ✅
2. FAR Part 2:
- This section contains the definitions of words and terms used throughout the Federal Acquisition
Regulation. ✅
3. When Does Acquisition Begin?
- Acquisition begins at the point when agency needs are established, including the description of
requirements, solicitation, selection of sources, and award of contracts. It encompasses all actions
directly related to fulfilling agency needs through contracts. ✅
4. Acquisition Planning:
- A coordinated process among all personnel responsible for an acquisition, resulting in a
comprehensive plan for fulfilling agency needs in a timely manner and at a reasonable cost. This includes
developing the overall strategy for managing the acquisition. ✅
5. Activity Address Code (AAC):
- A distinct six-position code composed of alpha and/or numeric characters assigned to identify specific
agency offices, units, or organizations. Assigned by the General Services Administration for civilian
agencies and by the Department of Defense for defense agencies. ✅
6. Adequate Evidence:
- Information that is sufficient to support a reasonable belief that a particular act or omission has
occurred. ✅
7. Advisory and Assistance Services:
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