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CFCM Exam Prep Questions and Answers| Latest Update| Verifed
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CFCM Exam Prep Questions andAnswers| Latest Update| Verifed
The government can minimize the opportunity for buying in by using any of the following techniques:
Simplified acquisition procedures
Priced options, amortization of nonrecurring costs, and simplified acquisition procedures
Simplified acquisition procedures, costs, and multiyear contracting
Multiyear contracting, priced options, and amortization of nonrecurring costs - ✔✔(d)
Multiyear contracting, priced options, and amortization of nonrecurring costs
(FAR 3.501-2)
Contractor's arrangements to pay contingent fees for soliciting government contracts have long
been considered contrary to public policy because:
They discourage competition
Such arrangements may lead to attempted or actual exercise of improper influence
They result in excessive overhead costs
Accountability of costs is difficult to track - ✔✔(b) Such arrangements may lead to attempted
or actual exercise of improper influence
(FAR 3.402)
A contract with a corporation shall be signed:
(a) By the chief financial officer
, By the head of the contracts department
In the corporate name, followed by the word "by" and the signature and title of the
person authorized to sign
By the chief executive officer - ✔✔(c) In the corporate name, followed by the word "by" and
the signature and title of the person authorized to sign
(FAR 4.102)
What is the dollar threshold for public announcement of contract awards?
$500,000
$4,000,000
$5,000,000
$10,000,000 - ✔✔(b) $4,000,000
(FAR 5.303)
Acceptable methods for disseminating information on proposed contract actions include:
Assisting local trade associations in disseminating information to their members, announcements in
magazines at no cost, and phone calls
Synopsis in the governmentwide point of entry, phone calls, and paid advertisements
Assisting local trade associations in disseminating information to their members, announcements
in magazines at no cost, and synopsis in the governmentwide point of entry
Paid advertisements in newspapers published and printed in the District of Columbia when supplies
and services will not be supplied/furnished in or around the District of Columbia - ✔✔(c) Assisting
local trade associations in disseminating information to their members, announcements in magazines at
no cost, and synopsis in the governmentwide point of entry
(FAR 5.101(a) & (b))
The contracting officer may use competitive proposals in lieu of sealed bids if:
(a) Time permits the solicitation, submission, and evaluation of sealed bids
, Award will be made on the basis of price and other price related factors
It is necessary to conduct discussions
The resulting contract will be with a small business - ✔✔(c) It is necessary to conduct discussions
(FAR 6.401(b))
The contracting officer's certification can serve as approval of the justification for other than full and
open competition for a proposed contract NOT exceeding:
$25,000
$650,000
$1,500,000
$5,500,000 - ✔✔(b) $650,000
(FAR 6.304(a)(1))
FAR Part 6, Competition Requirements, applies to which of the following?
A $1 million contract for construction
A contract awarded using the simplified acquisition procedures of Part 13
A contract modification for $1 million that is within the scope and under the terms of an
existing contract
A $1 million task order placed against a task order contract entered into pursuant to Subpart 16.5 -
✔✔(a) A $1 million contract for construction
(FAR 6.001(a), (c), (f))
If other than full and open competition is anticipated, the acquisition plan must be coordinated with
the cognizant:
Competition advocate
Head of the contracting activity
Small business office
, Contract administrator - ✔✔(a) Competition advocate
(FAR 7.104(c))
Acquisition planning should begin:
When a purchase request is received
When a statement of work is received
As soon as the agency need is identified
Within 30 days of receipt of the purchase request - ✔✔(c) As soon as the agency need is identified
(FAR 7.104(a))
The Federal Supply program provides federal agencies with a simplified process for obtaining commonly
used commercial supplies and services at prices associated with volume buying. It is directed and
managed by the:
Commerce Department
Executive Department
General Services Administration
Defense Logistics Agency - ✔✔(c) General Services Administration
(FAR 8.402(a))
Which of the following is the name of GSA's electronic system that allows ordering activities to post
requirements, obtain quotes, and issue orders electronically?
GSAAdvantage!
GSA Stock
e-Buy
Customer Supply Center - ✔✔(c) e-Buy
(FAR 8.402(d))
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