CFCM BUNDLED exams 2023 with 100% correct answers

The Federal Acquisition System was established for the codification and publication of uniform policies and procedures for acquisition by all legislative agencies. True or False? - correct answer -False. " . . .for acquisition by all EXECUTIVE agencies." What is the primary document (and agency...

A pre-bid conference may be used for the following purposes except? - correct answer -The correct answer is: as a substitute for amending a defective or ambiguous invitation. ________________ provides for upward or downward revision of the state contract price upon occurrence of specified conting...

A cost is reasonable if, in its nature and amount, it does not exceed - correct answer -that which would be incurred by a prudent person in the conduct of competitive business. Advance Agreements should not be negotiated - correct answer -after the incurrence of the costs involved. Under the A...

The FAR requires agencies to report bids or proposal that - correct answer -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 - correct answer -buying-in Government con...

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 go...

If a contractor is infringing a copyright with the consent of the government: - correct answer -the copyright holder may sue the government for monetary damages Does a $75,000 claim resulting from a reduction of $350,000 and an increase of $275,000 require certification? - correct answer -Yes, th...

How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? (a) Annually (b) Bi-annually (c) Every five years (d) Only as required - correct answer -(c) Every five years (FAR 1.109) A form of written approval signed by an authorized official that is re...

Contracting Officers below the level of _________ shall be selected and appointed. - correct answer -Head of Contracting Activity The simplified acquisition threshold for any contract in support of contingency operations to be awarded and performed, or purchase to be made, outside of the U.S. is ...

With respect to proposal evaluations, solicitations for simplified acquisitions are: - correct answer -not required to state the relative importance of each evaluation factor and subfactor. Performance-based acquisition offers __________, which can be used to adjust payment to reflect the degree ...

How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - correct 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...

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 Spa...