Certified Federal Contracts Manager (CFCM) Questions and Answers 100% Correct

A cost is reasonable if, in its nature and amount, it does not exceedthat which would be incurred by a prudent person in the conduct of competitive business. Advance Agreements should not be negotiatedafter the incurrence of the costs involved. Under the Assignment of Claims Act, a contractor may assign moneys due or to become due under a contract if it meets all but which of the following?The contract specifies payments aggregating $100,000 or more. Individuals delegated micro-purchase authority do not need to beappointed in an SF 1402 Advisory and assistance services are classified in all of the following subdivisions exceptconstruction. A foreign end product may be purchased under the Buy American Act ifthe price of the lowest domestic offer is determined to be unreasonable by the CO. The threshold which must be exceeded befor