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CFCM EXAM With complete solutions.
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CFCM EXAM With complete solutions.
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CFCM EXAM With complete solutionsACQUISITION - correct answer-Means the acquiring by contract with appropriated funds of supplies or
services(including construction) by and for the Federal Govt. through purchase or lease, whether the
supplies or services are already in existence or must be created, developed, demonstrated, and
evaluated.
FAR PART 2 - correct answer-Definitions of words and terms
when does aqcuisition begin? - correct answer-at the point when agency needs are established and
includes the description of requirements to satisfy agency need, solicitation and selection of sources,
award of contracts, etc. directly relatedt o the process fo fulfilling agency needs by contract.
acquisition planning - correct answer-process by which efforts of all personel responsible for an
aquisition are coordinated and integreated thru a comprehensive plan for fulfilling agency need in a
timely manner and at reasonable cost. includes development of the overall strategy for managing the
acquisition.
Activity Address Code (AAC) - correct answer-means a distinct six-position code consisting of a
combination of alpha and/or numeric characters assigned to identify specific agency offices, units,
activities, or organizations by the General Services Administration for civilian agencies and by the
Department of Defense for defense agencies.
adequate evidence - correct answer-Information sufficient to support the reasonable belief that a
particular act or omission has occurred.
Advisory and assistance services - correct answer-Services acquired to support or improve agency policy
development, decision making, management, and administration, or to support or improve the
operation of management systems. Some organizations use it to help managers achieve maximum
effectiveness or economy in their operations. Can be used to: (1) obtain outside points of view to avoid
limited judgment on critical issues; (2) obtain advice regarding developments in industry, university, or
foundation research; (3) obtain the opinions, special knowledge, or skills of noted experts; (4) enhance
the understanding of and develop alternative solutions to complex issues; (5) support and improve
operation of organizations; and (6) ensure the more efficient or effective operation of managerial or
hardware systems.
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