CFCM Practice Test Questions with 100% Correct Solutions [2024/2025]
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Course
CFCM - Certified Federal Contract Manager
Institution
CFCM - Certified Federal Contract Manager
CFCM Practice Test Questions with
100% Correct Solutions [2024/2025]
CFCM Practice Test Questions with
100% Correct Solutions [2024/2025]
__ may be used for emergency acquisitions when contract performance must begin
immediately - Answer letter contracts
____ is any money, f...
CFCM Practice Test Questions with
100% Correct Solutions [2024/2025]
, CFCM Practice Test Questions with
100% Correct Solutions [2024/2025]
__ may be used for emergency acquisitions when contract performance must begin
immediately - Answer ✓✓letter contracts
____ is any money, fee, commission, credit, gift, gratuity, thing of value, or
compensation of any kind which is provided directly or indirectly, to any prime
contractor, prime contractor employee, subcontractor, or subcontractor employee for the
purpose of improperly obtaining or rewarding favorable treatment in connection with a
prime contractor in connection with a subcontract relating to a prime contract - Answer
✓✓Kickback
"Effective Date" means - Answer ✓✓For a solicitation amendment, change order, or
administrate change, it is the issue date
A cash fund of a fixed amount established by an advance of funds, without charge to an
appropriate, from an agency finance or disbursing officer to a duly appointed cashier for
disbursement as needed from time to time in making a payment in case for relatively
small purchases is an - Answer ✓✓impreset fund
A certificate of current cost or pricing data - Answer ✓✓does not constitute a
representation as to the accuracy of the contractor's judgement on the estimate of future
costs or projections
A CO's decision not to set aside an acquisition for a HUBZONE small business or
SDVOSB concerns when it is at or below the simplified acquisition threshold - Answer
✓✓is not subject to review under FAR 19.4
A contract should not normally be terminated for convince but would be permitted to run
a completion when the price of the undelivered balance of the contract is less than -
Answer ✓✓$5,000
A contract that provides for upward and downward revision of the stated contract price
upon the occurrence of specified contingencies is referred to as - Answer ✓✓fixed
price contract with economic price adjustment
A contract with a corporation shall be signed by - Answer ✓✓in the corporate name,
followed by the word "by" and the signature and title of the person authorized to sign
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