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[Show more]Certified Federal Contracts Manager (CFCM) 
1. A cost is reasonable if, in its nature and amount, it does not exceed: that 
which would be incurred by a prudent person in the conduct of competitive 
business. 
2. Advance Agreements should not be negotiated: after the incurrence of the 
costs involve...
Preview 3 out of 24 pages
Add to cartCertified Federal Contracts Manager (CFCM) 
1. A cost is reasonable if, in its nature and amount, it does not exceed: that 
which would be incurred by a prudent person in the conduct of competitive 
business. 
2. Advance Agreements should not be negotiated: after the incurrence of the 
costs involve...
CFCM Practice Test Questions 
1. How often are statutory acquisition-related dollar thresholds in the FAR 
adjusted for inflation?: Every 5 years 
2. A form of written approval signed by an authorized official that is required 
by statute or regulation as a prerequisite to taking certain contract ac...
Preview 2 out of 14 pages
Add to cartCFCM Practice Test Questions 
1. How often are statutory acquisition-related dollar thresholds in the FAR 
adjusted for inflation?: Every 5 years 
2. A form of written approval signed by an authorized official that is required 
by statute or regulation as a prerequisite to taking certain contract ac...
Certified Federal Contracts Manager (CFCM) 
1. A cost is reasonable if, in its nature and amount, it does not exceed: that 
which would be incurred by a prudent person in the conduct of competitive business. 
2. Advance Agreements should not be negotiated: after the incurrence of the 
costs involved...
Preview 3 out of 22 pages
Add to cartCertified Federal Contracts Manager (CFCM) 
1. A cost is reasonable if, in its nature and amount, it does not exceed: that 
which would be incurred by a prudent person in the conduct of competitive business. 
2. Advance Agreements should not be negotiated: after the incurrence of the 
costs involved...
CFCM Practice Test Questions 
1. How often are statutory acquisition-related dollar thresholds in the FAR 
adjusted for inflation?: Every 5 years 
2. A form of written approval signed by an authorized official that is required 
by statute or regulation as a prerequisite to taking certain contract ac...
Preview 4 out of 43 pages
Add to cartCFCM Practice Test Questions 
1. How often are statutory acquisition-related dollar thresholds in the FAR 
adjusted for inflation?: Every 5 years 
2. A form of written approval signed by an authorized official that is required 
by statute or regulation as a prerequisite to taking certain contract ac...
CFCM Practice Exam 
1. What is a Certificate of Competency?: A certificate issued by the SBA stating 
that the holder is responsible, for the purpose of receiving and performing a specific 
Government contract
Preview 2 out of 5 pages
Add to cartCFCM Practice Exam 
1. What is a Certificate of Competency?: A certificate issued by the SBA stating 
that the holder is responsible, for the purpose of receiving and performing a specific 
Government contract
CFCM Study Guide: FULL TEST 
1. 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 d...
Preview 4 out of 43 pages
Add to cartCFCM Study Guide: FULL TEST 
1. 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 d...
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