CFCM Final Exam Questions and answers correctly solved
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Course
CFCM
Institution
CFCM
CFCM Final Exam Questions and answers correctly solved CFCM Final Exam Questions
What is a Certificate of Competency? - correct answer A certificate issued by the SBA stating that the holder is responsible, for the purpose of receiving and performing a specific Government contract
Except ...
CFCM Final Exam Questions
What is a Certificate of Competency? - correct answer ✔A certificate issued
by the SBA stating that the holder is responsible, for the purpose of receiving
and performing a specific Government contract
Except as specifically permitted by executive agencies, the fast payment
procedure may not be used for individual purchasing instruments exceeding
what amount? - correct answer ✔$35,000
What can a contractor access online at www.fedbizopps.gov? - correct
answer ✔The governmentwide point of entry
Application of size standards includes specifying the size standard in the -
correct answer ✔solicitation
When the value of the contract is $100,000 the agency will be required to use
- correct answer ✔SAP
How is the publication of a paid advertisement in a newspaper authorized? -
correct answer ✔By the head of the agency, by giving written authorization
The unilateral right in a contract by which the Government may elect to
purchase additional supplies or services called for by the contract is called
what? - correct answer ✔Option
If a prospective contractor is qualified and eligible to receive an award, but
lacks adequate financial resources to perform the contract, can the contractor
be determined responsible? - correct answer ✔If the contractor presents
, evidence of the ability to obtain adequate financial resources, the contractor
may be determined responsible
What are methods for simplified acquisition? - correct answer ✔Blanket
purchase agreement, Governmentwide commerica lpurchase card, Purchase
Order
For a contract exceeding the simplified acquisition threshold, an offeror (other
than an individual) that does not agree to provide a drug-free workplace is
what? - correct answer ✔Not considered a responsible source
What law specifies how agencies shall make their records available upon
public request, imposes strict time standards for agency responses, and
exempts certain records from public disclosure? - correct answer ✔Freedom
of Information Act
Who is responsible for printing, publishing, and distributing the Federal
Acquisition Regulation? - correct answer ✔The FAR Secretariat, as
authorized by GSA
Which FAR Part prescribes policies and procedures unique to the acquisition
of commercial items? - correct answer ✔FAR Part 12
Which of the following is necessarily true about a cost that is assignable or
chargeable to one or most cost objectives on the basis of relative benefits
received or other equitable relationship? - correct answer ✔The cost is
allocable
A mineral required for production in performance of a contract is not mined in
the United States, but can be acquired from another country. How does the
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