Cfcm 6 - Study guides, Class notes & Summaries

CFCM Practice Test Questions & Answers, VERIFIED/ RATED A+ How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - - 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 - -determination and findings Contracting officers below the level of ___ shall be selected and appointed - -a head of a contracting activity Ac...

Which of the following is NOT defined as government property? (a) Government-furnished property (b) Contractor-acquired property (c) Property owned by or leased to the government or acquired by the government under the terms of the contract (d) Surplus property (d) Surplus property (FAR 45.101) A latent defect is a defect that: (a) Exists at the time of acceptance and could be discovered by a reasonable inspection (b) Exists at the time of delivery (c) Exists at the time of acc...

CFCM Final Review Questions and Answers Graded A+ The FAR is prepared, issued, and maintained by: a. The Executive Office of the President. b. The Office of Management and Budget and the General Services Administration. c. The Secretary of Defense, the Administrator of General Services, and the Administrator of the National Aeronautics and Space Administration. d. The National Contract Management Association. - Answer ️️ -c. The Secretary of Defense, the Administrator of General Servi...

CFCM Practice Test Questions with Verified Solutions 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 he...

CFCM #6 Quizzes And Ans 2023

CFCM Practice Test Questions questions and answers verified 100% with latest 2023 updates How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - 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 - determination and findings Contracting officers below the level of ___ shall be selected and appointed - a head...

CFCM Final Review Questions and Answers Graded A+ The FAR is prepared, issued, and maintained by: a. The Executive Office of the President. b. The Office of Management and Budget and the General Services Administration. c. The Secretary of Defense, the Administrator of General Services, and the Administrator of the National Aeronautics and Space Administration. d. The National Contract Management Association. - Answer ️️ -c. The Secretary of Defense, the Administrator of General Servi...

CFCM Final Review exam questions and answers graded A+ complete and updated 2023 The FAR is prepared, issued, and maintained by: a. The Executive Office of the President. b. The Office of Management and Budget and the General Services Administration. c. The Secretary of Defense, the Administrator of General Services, and the Administrator of the National Aeronautics and Space Administration. d. The National Contract Management Association. - c. The Secretary of Defense, the Admi...

CFCM Thresholds Latest 2023 Rated A+ Under $150,000 Simplified Acquisition Threshold $25,000 Generally, agency need must be synopsized in the GPE for this dollar amount or over $3,500 Micro purchase Threshold $2,000 Micro purchase threshold for construction subject to wage rate requirements $2,500 Micro purchase threshold for services subject to service contract labor standards $20,000 Micro purchase threshold for contingency inside the USA $30,000 Micro purchase threshold for contingency ...

CFCM Questions and Answers (2022/2023) Already Passed The FAR requires agencies to report bids or proposal that Show evidence of an industry pricelist The practice of submitting an unrealistically low bid with the expectation of recouping the loss on change orders or subsequent business buying-in Government contractors must have a written code of ethics. Which of the following is NOT required in the contractor's compliance training and internal control program Facilitates meeting company goal...