Cfcm practice exam Study guides, Class notes & Summaries

What law specifies how agencies shall make their records available upon public request, imposes strict time standards for agency responses, and exempts certain records from public disclosure? A) Paperwork Reduction Act B) Federal Records Act C) Freedom of Information Act D) Privacy Act of 1974 C) Freedom of Information Act Which of the following is not considered a contract? A) A bilateral instrument B) A grant or cooperative agreement C) A job order or task letter D) A purchase or...

What does the Contract Dispute Act, as outlined in FAR Part 33 cover? - ANSWER FAR Part 33 Which of the following contract types in prohibited by the Federal Acquisition Regulation for federal agencies and prime contractors? - ANSWER FAR 16.102 _______ contracts are characterized by the employer-employee relationship it creates between the Government and the contractor's personnel. - ANSWER FAR 37.104

CFCM Practice Exam 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 What law specifies how agencies shall make their records available upon public request, imposes strict time standards for agency responses, and exempts certain records from public disclosure? - Freedom of Information Act Which of the following is not a required element in a Broad A...

CFCM Practice Exam Questions with Correct Answers The fol. types of recurring costs are allowable: (FAR 31.205-28) - Answer-(a) Registry and transfer charges resulting from changes in ownership of securities issued by the contractor. (b) Cost of shareholders' meetings. (c) Normal proxy solicitations. (d) Preparing and publishing reports to shareholders. (e) Preparing and submitting required reports and forms to taxing and other regulatory bodies. (f) Incidental costs of direct...

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 Except as specifically permitted by executive agencies, the fast payment procedure may not be used for individual purchasing instruments exceeding what amount? - $35,000 What can a contractor access online at ? - The government wide point of entry Size Standards - FAR 19.102(b)(3): "(Small business size stan...

CFCM PRACTICE EXAM (ALL CORRECT ANSWERS)

CFCM Practice Exam Questions with Complete Answers A cash fund of fixed amount established by an advance of funds, for disbursement in cash for relatively small amounts is called what? - Answer-Imprest Fund The Governments policy is to try to resolve all contractual issues in controversy by what? - Answer-Mutual agreement at the contracting officers level Which of the following does not justify the use of emergency acquisition flexibilities? - Answer-The acquisition is to replace Govern...

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 Except as specifically permitted by executive agencies, the fast payment procedure may not be used for individual purchasing instruments exceeding what amount? - $35,000 What can a contractor access online at ? - The government wide point of entry Size Standards - FAR 19.102(b)(3): "(Small business size stan...

How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - Every 5 years 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 - determination and findings Contracting officers below the level of ___ shall be selected and appointed - a head of a contracting activity According to the FAR conventions at Subpart 1.1, each authority is de...

What is a Certificate of Competency? - ANSWERA certificate issued by the SBA stating that the holder is responsible, for the purpose of receiving and performing a specific Government contract What law specifies how agencies shall make their records available upon public request, imposes strict time standards for agency responses, and exempts certain records from public disclosure? - ANSWERFreedom of Information Act Which of the following is not a required element in a Broad Agency Announce...