Cfcm exam stuvia 2023 Study guides, Class notes & Summaries
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CFCM Exam Questions and Answers 100% Accurate(SCORED A+)
- Exam (elaborations) • 30 pages • 2023
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"Commercial Item" under FAR Part 12 (for MCQs)? - ANSWER-1. Any item, other than real property, that is of a type customarily used by the general public or by non-governmental entities for purposes other than governmental purposes, and— 
(i) Has been sold, leased, or licensed to the general public; or 
(ii) Has been offered for sale, lease, or license to the general public; 
 
2. Any item that evolved from an item described in paragraph (1) of this definition through advances in technology o...
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CFCM Exam Practice Test Questions and Answers 100% Accurate(GRADED A+)
- Exam (elaborations) • 14 pages • 2023
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What is a Certificate of Competency - 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? - ANSWER-$35,000 
 
What can a contractor access online at ? - ANSWER-The government wide point of entry 
 
Size Standards - ANSWER-FAR 19.102(b)(...
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CFCM Exam Study Guide with Complete Solutions(RATED A+)
- Exam (elaborations) • 14 pages • 2023
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Which of the following is NOT a reason to contract for Advisory and Assistance services? - ANSWER-Obtain work of a policy, decision-making, or managerial nature which is the direct responsibility of agency officials 
 
Which of the following contract types is prohibited by the Federal Acquisition Regulation for federal agencies and prime contractors? - ANSWER-cost-plus-a-percentage-of-cost 
 
The Contract Disputes statute covers - ANSWER-claims by a contractor against the Government. 
 
Performa...
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CFCM Study Exam section 1 Questions and Answers (SCORED A+)
- Exam (elaborations) • 2 pages • 2023
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What is the primary document of the Federal Acquisition Regulation System? (FAR 1.1) - ANSWER-FAR, the Federal Acquisition Regulation 
 
Best Value (FAR 2.1): - ANSWER-The expected outcome of an acquisition that, in the government's estimation, provides the greatest overall benefit in response to the requirement. 
 
Claim (FAR 2.1): - ANSWER-A written demand or written assertion by one of the contracting parties seeking the payment of money in a sum certain, the adjustment or interpretation of ...
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