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CFCM Practice Test Questions and answers graded A+ Latest 2024 exam
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CFCM Practice Test Questions andanswers graded A+ Latest 2024 exam
How often are statutory acquisition-related dollar
thresholds in the FAR adjusted for inflation? - answer-
Every 5 years
A form of written approval signed by an authorized
official that is required by statute or regulation as a
prerequisite to taking certain contract actionsi s
defined as a - answer-determination and findings
Contracting officers below the level of ___ shall be
selected and appointed - answer-a head of a
contracting activity
According to the FAR conventions at Subpart 1.1, each
authority is delegable unless - answer-specifically
stated otherwise
When an imperative sentence directs action in the FAR,
who is responsible for the action unless another party
is expressly cited? - answer-the CO
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,Unauthorized commitments are agreements that are
NOT binding solely because - answer-the government
representative who made the agreement lacked the
authority to enter into it
The simplified acquisition threshold for any contract in
support of contingency operations to be awarded and
performed, or purchase to be made, outside of the
united states is - answer-1 million
Commercial Item - answer-A non developmental item,
if the procuring agency determines the item was
developed exclusively at private expense and sold in
substantial quantities, on a competitive basis, to
multiple state and local governments
Consolidating 2 or more requirements for supplies or
services, previosuly provided or performed under
seperate smaller contracts, into a solicitation for a
single contract that is likely to be unsuitable for award
to a small business concern is defined as - answer-
bundling
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,Which of the following are included in the definitions
of "contracts" - answer-letter contracts and job orders
The government can minimize the opportunity for
buying in by using which of the following techniques -
answer-multiyear contracting, priced options, and
amortization of nonrecurring costs
A contractor's arrangements to pay contingent fees for
soliciting government contracts have long been
considered contrary to public policy because - answer-
they may lead to exercise of improper influence
____ is any money, fee, commission, credit, gift,
gratuity, thing of value, or compensation of any kind
which is provided directly or indirectly, to any prime
contractor, prime contractor employee, subcontractor,
or subcontractor employee for the purpose of
improperly obtaining or rewarding favorable treatment
in connection with a prime contractor in connection
with a subcontract relating to a prime contract -
answer-Kickback
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, A contract with a corporation shall be signed by -
answer-in the corporate name, followed by the word
"by" and the signature and title of the person
authorized to sign
Contractors must retain all records pertaining to a
government contract for a minimum or __ years -
answer-3 years from the date of final payment, unless
otherwise specified
Contractor representations and certifications - answer-
are submitted through the System for Award
Management
Agencies must implement OMB guidance for personal
identity verification when - answer-contractors have
routine physical access to either a federally controlled
facility or information system.
Dollar threshold for public announcement of contract
awards - answer-$4,000,000
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