CFCM Final Exam Questions and answers solved solution 2023

CFCM Final Exam Questions and answers solved solution 2023 What is a Certificate of Competency? - ANS 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? - ANS $35,000 What can a contractor access online at ? - ANS The governmentwide point of entry Application of size standards includes specifying the size standard in the - ANS solicitation When the value of the contract is $100,000 the agency will be required to use - ANS SAP How is the publication of a paid advertisement in a newspaper authorized? - ANS By the head of the agency, by giving written authorization The unilateral right in a contract by which the Government may elect to purchase additional supplies or services called for by the contract is called what? - ANS Option If a prospective contractor is qualified and eligible to receive an award, but lacks adequate financial resources to perform the contract, can the contractor be determined responsible? - ANS If the contractor presents evidence of the ability to obtain adequate financial resources, the contractor may be determined responsible What are methods for simplified acquisition? - ANS Blanket purchase agreement, Governmentwide commerica lpurchase card, Purchase Order For a contract exceeding the simplified acquisition threshold, an offeror (other than an individual) that does not agree to provide a drug-free workplace is what? - ANS Not considered a responsible source 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? - ANS Freedom of Information Act Who is responsible for printing, publishing, and distributing the Federal Acquisition Regulation?