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CFCM Exam with correct answers
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CFCM Exam with correct answersWhich of the following is NOT a reason to contract for Advisory and Assistance services? - correct
answer-Obtain work of a policy, decision-making, or managerial nature which is the direct responsibility
of agency officials
Which of the following contract types is prohibited by the Federal Acquisition Regulation for federal
agencies and prime contractors? - correct answer-cost-plus-a-percentage-of-cost
The Contract Disputes statute covers - correct answer-claims by a contractor against the Government.
Performance-based contracts - correct answer-use measurable performance standards and quality
assurance surveillance plans.
Options for increased quantities of supplies/services may NOT be expressed in terms of - correct answer-
a range of quantities for various line items.
Solicitations for commercial items shall require offerors to offer the Government - correct answer-the
same warranty terms offered to the general public.
_______________ contracts are characterized by the employer-employee relationship it creates
between the Government and the contractor's personnel. - correct answer-Personal services
When the time of delivery or timely performance is so important that the Government may reasonably
expect to suffer damage if the delivery or performance is delinquent; and the extent or amount of such
damage would be difficult or impossible to estimate accurately or prove, then what type of assessment
may occur? - correct answer-Liquidated damages
Which response best describes a letter contract? - correct answer-Normally a brief, written preliminary
contractual instrument that authorizes a contractor to begin performance immediately.
,What should the Contracting Officer describe in a performance work statement for a performance-based
acquisition,? - correct answer-The work in terms of the required results.
The government's preferred remedy when terminating a contract for a commercial item for cause will be
- correct answer-to acquire similar items from another contractor and to charge the defaulted contractor
with any excess reprocurement costs.
In terms of being a responsible government contractor, any prime contractor that provides Government
property to a subcontractor... - correct answer-is still responsible for the property in accordance with the
terms of the prime contract.
Submitting an offer below anticipated costs and expecting to increase the contract amount after award,
is called: - correct answer-Buying-in
In what FAR Part will you find rules and policy on foreign acquisitions? - correct answer-Part 25
Contractors' arrangements to pay contingent fees for soliciting or obtaining Government contracts have
long been considered contrary to public policy because: - correct answer-Such arrangements may lead to
attempted or actual exercise of improper influence.
A special form of written approval by an authorized official that is required by statute or regulation as a
prerequisite to taking certain contract actions is called - correct answer-Determination and Findings
When a mistake in a contractor's bid is not discovered until after award, the mistake may be corrected by
contract modification if... - correct answer-correcting the mistake would be favorable to the Government
without changing the essential requirements of the specifications.
These are limited exchanges between the Government and offerors, that may occur when award without
discussions is contemplated: - correct answer-Clarifications
During source selection it is an acceptable practice to: - correct answer-inform an offeror that its price is
considered too high.
, A system whereby the contracting officer receives authorization from a fiscal and accounting officer to
obligate funds on purchase documents against a specified lump sum of funds reserved for the purpose
for a specified period of time rather than obtaining individual obligation authority on each purchase
document is - correct answer-bulk funding.
What term is described by the following: The process by which efforts of all personnel responsible for an
acquisition are coordinated and integrated through a comprehensive plan for fulfilling the agency need
in a timely manner at a reasonable cost. It includes developing the overall strategy for managing the
acquisition - correct answer-Acquisition Planning
Except for the acquisition of commercial items, agencies shall allow at least days response time for
receipt of bids or proposals from the date of issuance of a solicitation, if the contract action is expected
to exceed the simplified acquisition threshold. - correct answer-30 days
Government contracts personnel may use liquidated damages clauses only when - correct answer-time
for delivery or performance is critical.
What statute prohibits federal employees from creating or authorizing an obligation in excess of funds
available or in advance of appropriations? - correct answer-Anti-Deficiency Act
Simplified acquisition methods include the following except: - correct answer-Advance agreements
When Conducting Market Research, Agencies should request potential sources to submit: - correct
answer-generally only the minimum amount of information necessary.
What is the minimum quantity that must be ordered under an Indefinite Delivery Indefinite Quantity
(IDIQ) Contract? - correct answer-The minimum quantity must be more than a nominal quantity, but it
should not exceed the amount that the Government is fairly certain to order.
Which of the following contract types places the most cost risk on the Buyer: - correct answer-Cost Plus
Fixed Fee
Cost or pricing data means... - correct answer-all facts that, as of the date of price agreement, or, if
applicable, an earlier date agreed upon between the parties that is as close as practicable to the date of
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