CFCM EXAM QUESTIONS WITH
VERIFIED SOLUTIONS
, CFCM EXAM QUESTIONS WITH
VERIFIED SOLUTIONS
Competition requirements are not needed - Answer ✓✓If a statute expressly
authorizes or requires the acquisition be made through another agency or from a
specified source
Contracting Officers are responsible for ensuring performance of all necessary actions
for effective contracting, ensuring compliance with the terms of the contract, and
safeguarding the interests of the United States in its contractual relationships. In order
to perform these responsibilities, contracting officers should be allowed wide latitude to
exercise business judgment. Contracting officers shall do the following EXCEPT -
Answer ✓✓Appoint a Contracting Officer's Representative (COR) for all Contracts
regardless of type over the Simplified Acquisition Threshold (SAT)
In general, a contract may not be awarded unless the contracting officer can verify the
contractor's registration and filing of appropriate information in: - Answer ✓✓The
Central Contractor Registry (CCR)
Market research - Answer ✓✓Is required before soliciting offers that could lead to a
bundled contract
Normally, effective price competition results in realistic pricing, and a ________ contract
is ordinarily in the Government's interest. - Answer ✓✓Fixed price
Per FAR 7.1, the activity that results in more efficient and effective use of resources to
design and develop, or produce quality systems is known as - Answer ✓✓Acquisition
Streamlining
Performance-based acquisition for services requires the following to be included in
contracts: - Answer ✓✓Performance work statement, measurable standards and
performance incentives, where appropriate
Contracting officers shall promote and provide for ______ competition in soliciting offers
and awarding Government contracts. - Answer ✓✓Full and Open
Contractors listed on the Excluded Parties List System (EPLS) are subject to the
following exclusions EXCEPT - Answer ✓✓They may act as a surety provided they
have the capital resources specified by solicitation.
A bid protest may be filed by "an interested party" with any of the following venues
except for? - Answer ✓✓A U.S. District Court
VERIFIED SOLUTIONS
, CFCM EXAM QUESTIONS WITH
VERIFIED SOLUTIONS
Competition requirements are not needed - Answer ✓✓If a statute expressly
authorizes or requires the acquisition be made through another agency or from a
specified source
Contracting Officers are responsible for ensuring performance of all necessary actions
for effective contracting, ensuring compliance with the terms of the contract, and
safeguarding the interests of the United States in its contractual relationships. In order
to perform these responsibilities, contracting officers should be allowed wide latitude to
exercise business judgment. Contracting officers shall do the following EXCEPT -
Answer ✓✓Appoint a Contracting Officer's Representative (COR) for all Contracts
regardless of type over the Simplified Acquisition Threshold (SAT)
In general, a contract may not be awarded unless the contracting officer can verify the
contractor's registration and filing of appropriate information in: - Answer ✓✓The
Central Contractor Registry (CCR)
Market research - Answer ✓✓Is required before soliciting offers that could lead to a
bundled contract
Normally, effective price competition results in realistic pricing, and a ________ contract
is ordinarily in the Government's interest. - Answer ✓✓Fixed price
Per FAR 7.1, the activity that results in more efficient and effective use of resources to
design and develop, or produce quality systems is known as - Answer ✓✓Acquisition
Streamlining
Performance-based acquisition for services requires the following to be included in
contracts: - Answer ✓✓Performance work statement, measurable standards and
performance incentives, where appropriate
Contracting officers shall promote and provide for ______ competition in soliciting offers
and awarding Government contracts. - Answer ✓✓Full and Open
Contractors listed on the Excluded Parties List System (EPLS) are subject to the
following exclusions EXCEPT - Answer ✓✓They may act as a surety provided they
have the capital resources specified by solicitation.
A bid protest may be filed by "an interested party" with any of the following venues
except for? - Answer ✓✓A U.S. District Court
