Cfcm study - Study guides, Class notes & Summaries

Certificate of Competency issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific government contract (FAR 19.601(a)) Except as specifically permitted by executive agencies, the fast payment procedure may not be used for individual purchasing instruments exceeding what amount? $35,000 (FAR 13.402(a)) What can a contractor access online at ? Government-wide Point of Entry (GPE) (FAR 5.201(d)) How is the publication of...

CFCM Study Questions

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CFCM Prep Questions based on NCMA CFCM Study Guide and NCMA Practice Test

CFCM Study Guide: Full Test Questions with Correct Answers When fast payment procedures are utilized, who is responsible for determining the amount of debts resulting from failure of contractors to properly replace, repair, or correct supplies lost, damaged, or not conforming to purchase requirements? a. program manager b. contracting officer c. head of the contracting activity d. accounting and finance officer - Answer-b. contracting officer FAR 13.401(b) When cancelling a purc...

CFCM Study Guide. FULL TEST

Which of the following is NOT a reason to contract for Advisory and Assistance services? - 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? - cost-plus-a-percentage-of-cost The Contract Disputes statute covers - claims by a contractor against the Government. Performance-based contracts -...

CFCM Study Questions with complete solution

CFCM Study Guide: FULL TEST Latest Update with Verified Solutions Which of the following statements is NOT true? a. The government encourages the maximum practicable commercial use of inventions made under government contracts. b. The government recognizes rights in data developed at private expense, and limits its demands for delivery of that data. c. The government requires that contractors obtain permission from copyright owners before including copyrighted works, owned by others, in ...