Cfcm test - Study guides, Class notes & Summaries

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CFCM Practice Test Questions and Answers Latest Updated 2024/2025 (100% Solved) 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 - a...

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...

CFCM Study Guide: FULL TEST EXAM/150 Q’S AND A’S

CFCM Practice Test Questions Latest Version with Complete Solutions How frequently are the financial thresholds for acquisitions set by law updated for inflation in the FAR? Every five years What is the term for a formal written endorsement required by law or regulation before proceeding with certain contract actions, which is signed by an authorized person? Determination and findings At what level must contracting officers be appointed and selected? By the head of a contracting...

CFCM Study Guide: Full Test Questions and Answers 100% Pass Which of the following is an incorrect statement? a. The government supports the extensive commercial use of innovations created under its contracts. b. The government acknowledges rights to data developed with private funds and restricts its requests for such data. c. Contractors must get permission from copyright owners before using copyrighted materials in data meant for the government. d. Usually, the government will ...