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CFCM Practice Test Questions 1. How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation?: Every 5 years 2. A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract ac...

Certified Federal Contracts Manager (CFCM) 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. 2. Advance Agreements should not be negotiated: after the incurrence of the costs involved...

CFCM Practice Test Questions 1. How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation?: Every 5 years 2. A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract ac...

CFCM Practice Exam 1. 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 Study Guide: FULL TEST 1. 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 d...