Cfcm - Study guides, Class notes & Summaries

CFCM Practice Test Questions And Answers 2023

Certified Federal Contracts Manager (CFCM) Exam Questions and Answers 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.

CFCM Prep Questions and Answers Latest Updated 2024/2025 (100%Solved). How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? (a) Annually (b) Bi-annually (c) Every five years (d) Only as required - Correct Answer-(c) Every five years (FAR 1.109) A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actions is defined as: (a) A ratification (b) Determi...

CFCM Exam Prep | Questions with 100% Correct Answers | Updated 2024 | Guaranteed A+ How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? (a) Annually (b) Bi-annually (c) Every five years (d) Only as required - (c) Every five years

CFCM Prep Questions and Answers Latest Updated 2024/2025 (100%Solved). How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? (a) Annually (b) Bi-annually (c) Every five years (d) Only as required - Correct Answer-(c) Every five years (FAR 1.109) A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actions is defined as: (a) A ratification (b) Determi...

CFCM Practice Test Questions and Answers Latest Updated 2024/2025. A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actionsi s defined as a - answer-determination and findings Contracting officers below the level of ___ shall be selected and appointed - answer-a head of a contracting activity According to the FAR conventions at Subpart 1.1, each authority is delegable unless - answer-specifi...

CFCM- Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 Exams with correct answers 2024 Who does the FAR apply to? - answer-all executive agencies

1) If a policy, procedure, strategy, or practice is in the best interest of the government and is not specifically addressed in the FAR or prohibited by law, executive order, or regulation government members of the team ________________. a. Should not even consider it as an option b. Should not assume it is prohibited c. Seek direction in Agency supplements to the FAR d. Should consider it prohibited 1. Answer (b), reference CFCM Study Guide, page 2 Role of the Acquisition team. 2)...

CFCM Exam Practice Test | 170 Questions with 100% Correct Answers | Updated 2024 | Guaranteed A+ 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 Exam Practice Test Questions with complete solution CFCM Exam Practice Test 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 contract...