Exam (elaborations)
CFCM Study Guide_ FULL TEST _ test 2024 Questions With Correct Answers.pdf
- Course
- Institution
CFCM Study Guide_ FULL TEST _ test 2024 Questions With Correct A
[Show more]
Seller
Follow
Content preview
9/21/24, 9:04 PM CFCM Study Guide: FULL TEST Flashcards | QuizletCFCM Study Guide: FULL TEST
Jeremiah
Practice questions for this set
Learn 1/7 Study with Learn
d. Generally, the government will refuse to award a contract on the grounds that the
prospective contractor may infringe a patent.
FAR 27.102
Choose matching term
The Federal Supply Schedule program provides federal agencies
a. sources for meeting repetitive requirements on a scheduled basis.
b. a simplified process for obtaining commercial supplies and services and prices associated with
1 volume buying.
c. a mandatory source for frequently used supplies and services at prices associated with buying in
volume.
d. a simplified process for obtaining complex services that the requiring agency does not have the
expertise to buy.
CFCM Study Guide: FULL TEST
1/25
,9/21/24, 9:04 PM
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
2 delivery of that data.
c. The government requires that contractors obtain permission from copyright owners before
including copyrighted works, owned by others, in data to be delivered to the government.
d. Generally, the government will refuse to award a contract on the grounds that the prospective
contractor may infringe a patent.
Unpriced purchase orders may be used to acquire
a. repairs to equipment requiring disassembly to determine the nature and extent of repairs.
3 b. commercial or non-developmental items
c. urgently needed supplies available through multiple sources.
d. routine items for stock.
Which statement concerning requests for information (RFIs) is true?
a. Responses to RFIs are not offers and may not be accepted by the government to form a binding
contract.
4 b. Responses to RFI's may be accepted by the government to form a binding contract.
c. RFIs are used when the government desires market information and intends to award a contract
immediately.
d. Use of RFIs is limited to purchases not exceeding the simplified acquisition threshold.
Don't know?
Terms in this set (150)
Which of the following statements is NOT d. Generally, the government will refuse to award a contract on the grounds that the
true? prospective contractor may infringe a patent.
a. The government encourages the maximum FAR 27.102
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 delivery of that data.
c. The government requires that contractors
obtain permission from copyright owners
before including copyrighted works, owned
by others, in data to be delivered to the
government.
d. Generally, the government will refuse to
award a contract on the grounds that the
prospective contractor may infringe a
patent.
2/25
, 9/21/24, 9:04 PM
Performance and payment bonds are d. construction contracts exceeding $150,000 and services and supply contracts
required or may be required for exceeding the SAT when necessary to protect the governments interests.
a. construction contracts and services and FAR 28.102-1(a), 28.103-1(a), 28.103-2(a)
supply contracts exceeding $2,000.
b. construction contracts exceeding
$150,000.
c. any contract for services,
d. construction contracts exceeding
$150,000 and services and supply contracts
exceeding the SAT when necessary to
protect the governments interests.
Cost Accounting Standards Board rules and a. negotiated contracts and subcontracts.
regulations apply to
FAR 30.000
a. negotiated contracts and subcontracts.
b. sealed bid contracts.
c. contracts with small business concerns.
d. bridge contracts.
The head of the agency may waive the b. The contract or subcontract is less than $15 million, primarily engaged in the sale of
applicability of Cost Accounting Standards commercial items, and has no contracts/subcontracts subject to CAS.
(CAS) for a particular contract or
subcontract when one of these conditions FAR 30.201-5
exists:
a. The contract or subcontract is less than
$50 million, primarily engaged in the sale of
commercial items, and has no
contracts/subcontracts subject to CAS.
b. The contract or subcontract is less than
$15 million, primarily engaged in the sale of
commercial items, and has no
contracts/subcontracts subject to CAS.
c. The contract or subcontract is less than
$7.5 million, primarily engaged in the sale of
commercial items.
d. The contract or subcontract is less than $5
million, primarily engaged in the sale of
commercial items, and has no
contracts/subcontracts subject to CAS.
Which of the following statements about a. Advance agreements may only be negotiated with a particular contractor for a single
advance agreements is NOT true? contract.
a. Advance agreements may only be FAR 31.109
negotiated with a particular contractor for a
single contract.
b. Advance agreements may be negotiated
either before or during a contract.
c. The agreement must be in writing.
d. The agreements must be incorporated
into applicable current and future contracts.
3/25
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Denyss. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
