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CFCM Study Guide Exam Questions and Answers 2024
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CFCM Questions. STUDY GUIDEThe Federal Acquisition System was established for the codification and publication of
uniform policies and procedures for acquisition by all legislative agencies. True or
False? - answer False. " . . .for acquisition by all EXECUTIVE agencies."
FAR 1.1
What is the primary document (and agency regulations that implement or supplement
this document) of the Federal Acquisition Regulations System?
a. Code of Federal Regulations (CFR)
b. The Defense Acquisition Regulations (DAR)
c. The U.S. Code (U.S.C.)
d. The Federal Acquisition Regulation (FAR) - answer d. The Federal Acquisition
Regulation (FAR)
FAR 1.1
The Statement of Guiding Principles, or vision for the Federal Acquisition System,
includes all of the following EXCEPT:
a. to deliver on a timely basis the best value product or service to the customer
b. to maintain the public's trust and fulfill public policy objectives
c. to ensure that participants in the acquisition process should work together as a team
and be empowered to make decision in their area of responsibility
d. to ensure that the government maintains strict control and punitive rights against
contractors who do not perform to the requirements of the FAR - answer d. to ensure
that the government maintains strict control and punitive rights against contractors who
do not perform to the requirements of the FAR.
FAR 1.102
The Federal Acquisition system will do all of the following EXCEPT:
a. satisfy the contractors in terms of profit, relationships and repeat orders for products
or services
b. minimize administrative operating costs
c. conduct business with integrity, fairness and openness.
d. fulfill public policy objectives. - answer a. satisfy the contractors in terms of profit,
relationships and repeat orders for products or services
,SHOULD BE "Satisfy the customer in terms of cost, quality and timliness of the
delivered product or service."
FAR 1.102-2
The Acquisition Team consists of the head of the agency, the head of contracting
authority (HCA), the contracting officer (CO), the contracting officer representative
(COR), and those approved by statute or authorized to make micro-purchases. True or
False? - answer False. The Acquisition Team consists of ALL participants in a
government acquisition, including not only representatives of the technical, supply and
procurement communities, but also the customers they serve and the contractors who
provide the products and services.
FAR 1.102-3
In order to ensure that members of the Acquisition team are empowered to make
decisions and act within their areas of responsibility consistent with the Guiding
Principles, authority and accountability will be delegated to
a. the CO, to be further delegated in writing.
b. the head of the agency, to be further delegated in writing.
c. the lowest level allowed by law.
d. the CO only. - answer c. the lowest level allowed by law.
FAR 1.102-4
The government is committed to providing training and resources to maintain and
improve the knowledge, skills, and ability of its team members and encourages
contractors to provide the same resources to its members as a way to encourage a
cooperative relationship between the government and contractors consistent with its
responsibility to
a. the executive agencies being supported.
b. the taxpayers.
c. the contracting community.
d. all of the above.
e. none of the above. - answer b. the taxpayers.
FAR 1.102-4
If a policy, procedure, strategy or practice is in the best interest of the government and
is not specifically addressed in the FAR or prohibited by law, executive order or
regulation, government members should assume it is prohibited until receipt of approval
from the head of contracting authority (HCA). True or False? - answer False.
Absence of direction should be interpreted as permitting the team to innovate and use
,sound business judgement that is consistent with law and within the limits of their
authority.
FAR 1.102-4
If a policy, procedure, strategy or practice is in the best interest of the government and
is not specifically addressed in the FAR or prohibited by law, executive order or
regulation, government members should assume that absence of direction should be
interpreted as
a. permitting.
b. a chance to innovate.
c. a chance to use sound business judgement that is consistent with law.
d. all of the above, within the limits of their authority.
e. all of the above, with approval of the HCA and/or CO. - answer d. all of the above,
within the limits of their authority.
FAR 1.102-4
CO's should defer the head of the agency or head of contracting authority to take the
lead in encouraging business process innovation and ensuring sound business
decisions are made. True or False? - answer False. CO's have the authority to take
the lead.
FAR 1.102-4
The FAR is prepared, issued, and maintained and the FAR System prescribed by all of
the following EXCEPT:
a. The Secretary of Defense
b. The Administrator of General Services
c. NASA, under their several statutory authorities
d. The Secretary of State under their several statutory authorities - answer d. The
Secretary of State under their several statutory authorities
FAR 1.103
Where is the FAR published?
a. The daily issue of the Federal Register
b. In cumulated form in the Code of Federal Regulations (CFR)
c. A seperate, loose-leaf edition.
d. Online
e. a, b and c only - answer e. a, b and c only
FAR 1.105-1
, The FAR is issued as what Title and Chapter of the Code of Federal Regulations
(CFR)?
a. Title 9, Chapter 1
b. Title 48, Chapter 1
c. Title 48, Chapter 2
d. Title 49, Chapter 3 - answer b. Title 48, Chapter 1
FAR 1.105-1
The FAR is issued as Chapter 1 of Title 48 in the Code of Federal Regulations (CFR).
Subsequent chapters, with the chapter numbers to be assigned by the CFR, are
reserved for
a. The Secretary of Defense.
b. The Administrator of General Services.
c. NASA, under their several statutory authorities.
d. Agency acquisition regulations that implement or supplement the FAR. - answer d.
Agency acquisition regulations that implement or supplement the FAR.
FAR 1.105-1
Each numbered unit of segment (e.g., part, subpart, section, etc.) of an agency
acquisition regulation that is codified in the CFR shall begin with the chapter number.
However, the chapter number assigned in the FAR will NOT be included in the
numbered units or segment of the FAR. True or False? - answer True. The FAR
adheres to a specific numbering scheme in the arrangement of its regulations. Each
clause is divided, as necessary, into a part, subpart, section, subsection, and is further
subdivided as needed with alpha-numeric subdivisions. The specific details regarding
the numbering system are described in FAR 1.150-2
FAR 1.105-1, 1.105-5
The creation of new forms that offerors and contractors are asked to complete are
governed by
a. the Secretary of Defense.
b. the Administrator of General Services.
c. the Paperwork Reduction Act of 1980
d. the Office of Management and Budget (OMB) - answer c. the Paperwork
Reduction Act of 1980
FAR 1.106
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