CFCM Study Guide Practice Test Questions and Answers

CFCM Study Guide Practice Test Questions and Answers What is NOT a statutory exemption to the Contracts for Materials Supplies, Articles, and Equipment Exceeding $15k statute (Walsh-Healy Public Contracts Act)? - Answer-Items manufactured outside of the United States? Federal agencies shall advance sustainable acquisition by ensuring that _____ percentage of new contract actions for the supply of products and for the acquisition of services (including construction) require that the products are energy-efficient, water-efficient, bio-based, environmentally preferable, non-ozone depleting, or made with recovered materials. - Answer-95 The Buy American Act restricts the purchase of supplies that are NOT ____________. - Answer-Domestic End Products. The head of the agency may waive the applicability of Cost Accounting Standards (CAS) for a particular contract or subcontract when __________ . - Answer-The contract/subcontract is less than $15M, primarily engaged in the sale of commercial items, and has no contracts/subcontracts subject to CAS.