CFCM STUDY GUIDE FULL TEST
QUESTIONS WITH COMPLETE
ANSWERS
Which kkof kkthe kkfollowing kkstatements kkis kkNOT kktrue?
a. kkThe kkgovernment kkencourages kkthe kkmaximum kkpracticable kkcommercial kkuse kkof
kkinventions kkmade kkunder kkgovernment kkcontracts.
b. kkThe kkgovernment kkrecognizes kkrights kkin kkdata kkdeveloped kkat kkprivate kkexpense,
kkand kklimits kkits kkdemands kkfor kkdelivery kkof kkthat kkdata.
c. kkThe kkgovernment kkrequires kkthat kkcontractors kkobtain kkpermission kkfrom
kkcopyright kkowners kkbefore kkincluding kkcopyrighted kkworks, kkowned kkby kkothers, kkin
kkdata kkto kkbe kkdelivered kkto kkthe kkgovernment. kk
d. kkGenerally, kkthe kkgovernment kkwill kkrefuse kkto kkaward kka kkcontract kkon kkthe
kkgrounds kkthat kkthe kkprospective kkcontractor kkmay kkinfringe kka kkpatent. kk- kkANS-d.
kkGenerally, kkthe kkgovernment kkwill kkrefuse kkto kkaward kka kkcontract kkon kkthe
kkgrounds kkthat kkthe kkprospective kkcontractor kkmay kkinfringe kka kkpatent. kk
FAR kk27.102
Performance kkand kkpayment kkbonds kkare kkrequired kkor kkmay kkbe kkrequired kkfor kk
a. kkconstruction kkcontracts kkand kkservices kkand kksupply kkcontracts kkexceeding
kk$2,000.
b. kkconstruction kkcontracts kkexceeding kk$150,000.
c. kkany kkcontract kkfor kkservices,
d. kkconstruction kkcontracts kkexceeding kk$150,000 kkand kkservices kkand kksupply
kkcontracts kkexceeding kkthe kkSAT kkwhen kknecessary kkto kkprotect kkthe kkgovernments
kkinterests. kk- kkANS-d. kkconstruction kkcontracts kkexceeding kk$150,000 kkand kkservices
kkand kksupply kkcontracts kkexceeding kkthe kkSAT kkwhen kknecessary kkto kkprotect kkthe
kkgovernments kkinterests. kk
FAR kk28.102-1(a), kk28.103-1(a), kk28.103-2(a)
Cost kkAccounting kkStandards kkBoard kkrules kkand kkregulations kkapply kkto
a. kknegotiated kkcontracts kkand kksubcontracts.
,b. kksealed kkbid kkcontracts.
c. kkcontracts kkwith kksmall kkbusiness kkconcerns.
d. kkbridge kkcontracts. kk- kkANS-a. kknegotiated kkcontracts kkand kksubcontracts.
FAR kk30.000
The kkhead kkof kkthe kkagency kkmay kkwaive kkthe kkapplicability kkof kkCost kkAccounting
kkStandards kk(CAS) kkfor kka kkparticular kkcontract kkor kksubcontract kkwhen kkone kkof
kkthese kkconditions kkexists:
a. kkThe kkcontract kkor kksubcontract kkis kkless kkthan kk$50 kkmillion, kkprimarily kkengaged
kkin kkthe kksale kkof kkcommercial kkitems, kkand kkhas kkno kkcontracts/subcontracts
kksubject kkto kkCAS.
b. kkThe kkcontract kkor kksubcontract kkis kkless kkthan kk$15 kkmillion, kkprimarily kkengaged
kkin kkthe kksale kkof kkcommercial kkitems, kkand kkhas kkno kkcontracts/subcontracts
kksubject kkto kkCAS.
c. kkThe kkcontract kkor kksubcontract kkis kkless kkthan kk$7.5 kkmillion, kkprimarily kkengaged
kkin kkthe kksale kkof kkcommercial kkitems.
d. kkThe kkcontract kkor kksubcontract kkis kkless kkthan kk$5 kkmillion, kkprimarily kkengaged
kkin kkthe kksale kkof kkcommercial kkitems, kkand kkhas kkno kkcontracts/subcontracts
kksubject kkto kkCAS. kk- kkANS-b. kkThe kkcontract kkor kksubcontract kkis kkless kkthan kk$15
kkmillion, kkprimarily kkengaged kkin kkthe kksale kkof kkcommercial kkitems, kkand kkhas kkno
kkcontracts/subcontracts kksubject kkto kkCAS.
FAR kk30.201-5
Which kkof kkthe kkfollowing kkstatements kkabout kkadvance kkagreements kkis kkNOT
kktrue?
a. kkAdvance kkagreements kkmay kkonly kkbe kknegotiated kkwith kka kkparticular kkcontractor
kkfor kka kksingle kkcontract.
b. kkAdvance kkagreements kkmay kkbe kknegotiated kkeither kkbefore kkor kkduring kka
kkcontract.
c. kkThe kkagreement kkmust kkbe kkin kkwriting.
d. kkThe kkagreements kkmust kkbe kkincorporated kkinto kkapplicable kkcurrent kkand kkfuture
kkcontracts. kk- kkANS-a. kkAdvance kkagreements kkmay kkonly kkbe kknegotiated kkwith kka
kkparticular kkcontractor kkfor kka kksingle kkcontract.
FAR kk31.109
A kkcost kkis kkreasonable kkif, kkin kkits kknature kkand kkamount, kkit kkdoes kknot kkexceed
kkthat kkwhich kkwould kkbe
a. kkincurred kkby kka kkprudent kkperson kkin kkthe kkconduct kkof kkcompetitive kkbusiness.
b. kkaccrued kkby kka kkprudent kkperson kkin kkthe kkconduct kkof kkcompetitive kkbusiness.
c. kkdetermined kkto kkbe kkallowable kkby kkthe kkCO.
,d. kkdetermined kkto kkbe kkallocable kkby kkthe kkCO. kk- kkANS-a. kkincurred kkby kka
kkprudent kkperson kkin kkthe kkconduct kkof kkcompetitive kkbusiness.
FAR kk31.201-3
What kkdefinition kkbest kkdescribes kkalternative kkdispute kkresolution?
a. kkProcedures kkused kkto kkresolve kkissues kkin kkcontroversy.
b. kkProcedures kkvoluntarily kkused kkto kkresolve kkissues kkin kkcontroversy.
c. kkProcedures kkused kkfor kkasserting kkand kkresolving kkclaims.
d. kkProcedures kkvoluntarily kkused kkfor kkasserting kkand kkresolving kkclaims. kk- kkANS-b.
kkProcedures kkvoluntarily kkused kkto kkresolve kkissues kkin kkcontroversy.
FAR kk33.214
The kkgovernment's kkpolicy kkis kkto kktry kkto kkresolve kkall kkcontractual kkissues kkin
kkcontroversy kkby
a. kkmutual kkagreement kkat kkthe kkCO's kklevel.
b. kkbilateral kkagreement kkat kkthe kkCO's kklevel.
c. kkmutual kkagreement kkat kka kklevel kkabove kkthe kkCO.
d. kkunilateral kkagreement kkat kkthe kkCO's kklevel. kk- kkANS-a. kkmutual kkagreement kkat
kkthe kkCO's kklevel.
FAR kk33.204
After kkreceiving kkthe kkGAO's kkwritten kknotice kkthat kka kkprotest kkhas kkbeen kkfiled, kkan
kkagency kkmust kkgive kknotice
a. kkof kkthe kkprotest kkto kkthe kkcontractor kkor kkall kkparties kkwho kkappear kkto kkhave kka
kkreasonable kkprospect kkof kkreceiving kkan kkaward.
b. kkof kkthe kkprotest kkonly kkto kkthe kkprime kkcontractor kkperforming kkthe kkwork.
c. kkof kkthe kkprotest kkto kkall kkparties kkwho kkappear kkto kkhave kka kkreasonable
kkprospect kkof kkreceiving kkaward kkand kkbegin kkcompiling kkthe kkinformation kknecessary
kkto kkreport kkto kkthe kkGAO.
d. kkthrough kka kkgovernment-wide kkpoint kkof kkentry kk(GPE). kk- kkANS-a. kkof kkthe
kkprotest kkto kkthe kkcontractor kkor kkall kkparties kkwho kkappear kkto kkhave kka
kkreasonable kkprospect kkof kkreceiving kkan kkaward.
FAR kk33.104
Does kka kk$75,000 kkclaim kkresulting kkfrom kka kkreduction kkof kk$350,000 kkand kkan
kkincrease kkof kk$275,000 kkrequire kkcertification?
a. kkNo, kkbecause kkthe kkclaimed kkamount kkis kkless kkthan kk$100,000.
b. kkYes, kkbecause kkthe kkaggregate kkvalue kkof kkthe kkclaim kkexceeds kk$100,000.
, c. kkNo, kkbecause kkthe kkclaimed kkamount kkis kkless kkthan kk$500,000.
d. kkYes, kkbecause kkthe kkaggregate kkvalue kkof kkthe kkclaim kkexceeds kk$500,000. kk-
kkANS-b. kkYes, kkbecause kkthe kkaggregate kkvalue kkof kkthe kkclaim kkexceeds
kk$100,000.
FAR kk33.207(d)
Protests kkmay kkbe kkfiled kkwith
a. kkeither kkthe kkagency kkor kkthe kkGAO.
b. kkthe kkagency, kkthe kkGAO, kkor kkthe kkU.S. kkCourt kkof kkClaims.
c. kkeither kkthe kkcontracting kkofficer kkor kkthe kkU.S. kkCourt kkof kkFederal kkClaims.
d. kkSmall kkClaims kkCourt kkfor kkawards kkunder kkthe kkSAT. kk- kkANS-b. kkthe kkagency,
kkthe kkGAO, kkor kkthe kkU.S. kkCourt kkof kkClaims.
FAR kk33.102
Who kkcan kkauthorize kkcontinued kkperformance kkin kkthe kkface kkof kka kkprotest kkafter
kkaward?
a. kkthe kkchief kkof kkthe kkcontracting kkoffice
b. kkthe kkCO, kkprovided kkhis kkfindings kkare kkdocumented kkin kkthe kkfile.
c. kkthe kkhead kkof kkthe kkcontracting kkactivity.
d. kkthe kkcommanding kkofficers. kk- kkANS-c. kkthe kkhead kkof kkthe kkcontracting kkactivity.
FAR kk33.104(c)(2)
The kkCO kkshall kkconsider kkall kkprotests kkand kkseek kklegal kkadvice
a. kkonly kkif kkprotests kkare kkreceived kkafter kkaward kkand kkfiled kkdirectly kkwith kkthe
kkagency.
b. kkonly kkif kkthe kkprotest kkis kkreceived kkafter kkaward kkand kkfiled kkdirectly kkwith kkthe
kkGAO.
c. kkwhether kkprotests kkare kksubmitted kkbefore kkor kkafter kkaward.
d. kkwhether kkprotests kkare kksubmitted kkbefore kkor kkafter kkaward kkand kkwhether kkfiled
kkdirectly kkwith kkthe kkGAO, kkthe kkU.S kkCourt kkof kkClaims, kkor kkthe kkagency. kk- kkANS-
d. kkwhether kkprotests kkare kksubmitted kkbefore kkor kkafter kkaward kkand kkwhether kkfiled
kkdirectly kkwith kkthe kkGAO, kkthe kkU.S kkCourt kkof kkClaims, kkor kkthe kkagency. kk
FAR kk33.102
A kkprotest kkbased kkupon kkimproprieties kkin kka kksolicitation kkmust kkbe kkfiled kkbefore
kkbid kkopening kkor kkthe kkclosing kkdate kkfor kkreceipt kkof kkproposals. kkin kkall kkother
kkcases, kkprotests kkmust kkbe kkfiled
QUESTIONS WITH COMPLETE
ANSWERS
Which kkof kkthe kkfollowing kkstatements kkis kkNOT kktrue?
a. kkThe kkgovernment kkencourages kkthe kkmaximum kkpracticable kkcommercial kkuse kkof
kkinventions kkmade kkunder kkgovernment kkcontracts.
b. kkThe kkgovernment kkrecognizes kkrights kkin kkdata kkdeveloped kkat kkprivate kkexpense,
kkand kklimits kkits kkdemands kkfor kkdelivery kkof kkthat kkdata.
c. kkThe kkgovernment kkrequires kkthat kkcontractors kkobtain kkpermission kkfrom
kkcopyright kkowners kkbefore kkincluding kkcopyrighted kkworks, kkowned kkby kkothers, kkin
kkdata kkto kkbe kkdelivered kkto kkthe kkgovernment. kk
d. kkGenerally, kkthe kkgovernment kkwill kkrefuse kkto kkaward kka kkcontract kkon kkthe
kkgrounds kkthat kkthe kkprospective kkcontractor kkmay kkinfringe kka kkpatent. kk- kkANS-d.
kkGenerally, kkthe kkgovernment kkwill kkrefuse kkto kkaward kka kkcontract kkon kkthe
kkgrounds kkthat kkthe kkprospective kkcontractor kkmay kkinfringe kka kkpatent. kk
FAR kk27.102
Performance kkand kkpayment kkbonds kkare kkrequired kkor kkmay kkbe kkrequired kkfor kk
a. kkconstruction kkcontracts kkand kkservices kkand kksupply kkcontracts kkexceeding
kk$2,000.
b. kkconstruction kkcontracts kkexceeding kk$150,000.
c. kkany kkcontract kkfor kkservices,
d. kkconstruction kkcontracts kkexceeding kk$150,000 kkand kkservices kkand kksupply
kkcontracts kkexceeding kkthe kkSAT kkwhen kknecessary kkto kkprotect kkthe kkgovernments
kkinterests. kk- kkANS-d. kkconstruction kkcontracts kkexceeding kk$150,000 kkand kkservices
kkand kksupply kkcontracts kkexceeding kkthe kkSAT kkwhen kknecessary kkto kkprotect kkthe
kkgovernments kkinterests. kk
FAR kk28.102-1(a), kk28.103-1(a), kk28.103-2(a)
Cost kkAccounting kkStandards kkBoard kkrules kkand kkregulations kkapply kkto
a. kknegotiated kkcontracts kkand kksubcontracts.
,b. kksealed kkbid kkcontracts.
c. kkcontracts kkwith kksmall kkbusiness kkconcerns.
d. kkbridge kkcontracts. kk- kkANS-a. kknegotiated kkcontracts kkand kksubcontracts.
FAR kk30.000
The kkhead kkof kkthe kkagency kkmay kkwaive kkthe kkapplicability kkof kkCost kkAccounting
kkStandards kk(CAS) kkfor kka kkparticular kkcontract kkor kksubcontract kkwhen kkone kkof
kkthese kkconditions kkexists:
a. kkThe kkcontract kkor kksubcontract kkis kkless kkthan kk$50 kkmillion, kkprimarily kkengaged
kkin kkthe kksale kkof kkcommercial kkitems, kkand kkhas kkno kkcontracts/subcontracts
kksubject kkto kkCAS.
b. kkThe kkcontract kkor kksubcontract kkis kkless kkthan kk$15 kkmillion, kkprimarily kkengaged
kkin kkthe kksale kkof kkcommercial kkitems, kkand kkhas kkno kkcontracts/subcontracts
kksubject kkto kkCAS.
c. kkThe kkcontract kkor kksubcontract kkis kkless kkthan kk$7.5 kkmillion, kkprimarily kkengaged
kkin kkthe kksale kkof kkcommercial kkitems.
d. kkThe kkcontract kkor kksubcontract kkis kkless kkthan kk$5 kkmillion, kkprimarily kkengaged
kkin kkthe kksale kkof kkcommercial kkitems, kkand kkhas kkno kkcontracts/subcontracts
kksubject kkto kkCAS. kk- kkANS-b. kkThe kkcontract kkor kksubcontract kkis kkless kkthan kk$15
kkmillion, kkprimarily kkengaged kkin kkthe kksale kkof kkcommercial kkitems, kkand kkhas kkno
kkcontracts/subcontracts kksubject kkto kkCAS.
FAR kk30.201-5
Which kkof kkthe kkfollowing kkstatements kkabout kkadvance kkagreements kkis kkNOT
kktrue?
a. kkAdvance kkagreements kkmay kkonly kkbe kknegotiated kkwith kka kkparticular kkcontractor
kkfor kka kksingle kkcontract.
b. kkAdvance kkagreements kkmay kkbe kknegotiated kkeither kkbefore kkor kkduring kka
kkcontract.
c. kkThe kkagreement kkmust kkbe kkin kkwriting.
d. kkThe kkagreements kkmust kkbe kkincorporated kkinto kkapplicable kkcurrent kkand kkfuture
kkcontracts. kk- kkANS-a. kkAdvance kkagreements kkmay kkonly kkbe kknegotiated kkwith kka
kkparticular kkcontractor kkfor kka kksingle kkcontract.
FAR kk31.109
A kkcost kkis kkreasonable kkif, kkin kkits kknature kkand kkamount, kkit kkdoes kknot kkexceed
kkthat kkwhich kkwould kkbe
a. kkincurred kkby kka kkprudent kkperson kkin kkthe kkconduct kkof kkcompetitive kkbusiness.
b. kkaccrued kkby kka kkprudent kkperson kkin kkthe kkconduct kkof kkcompetitive kkbusiness.
c. kkdetermined kkto kkbe kkallowable kkby kkthe kkCO.
,d. kkdetermined kkto kkbe kkallocable kkby kkthe kkCO. kk- kkANS-a. kkincurred kkby kka
kkprudent kkperson kkin kkthe kkconduct kkof kkcompetitive kkbusiness.
FAR kk31.201-3
What kkdefinition kkbest kkdescribes kkalternative kkdispute kkresolution?
a. kkProcedures kkused kkto kkresolve kkissues kkin kkcontroversy.
b. kkProcedures kkvoluntarily kkused kkto kkresolve kkissues kkin kkcontroversy.
c. kkProcedures kkused kkfor kkasserting kkand kkresolving kkclaims.
d. kkProcedures kkvoluntarily kkused kkfor kkasserting kkand kkresolving kkclaims. kk- kkANS-b.
kkProcedures kkvoluntarily kkused kkto kkresolve kkissues kkin kkcontroversy.
FAR kk33.214
The kkgovernment's kkpolicy kkis kkto kktry kkto kkresolve kkall kkcontractual kkissues kkin
kkcontroversy kkby
a. kkmutual kkagreement kkat kkthe kkCO's kklevel.
b. kkbilateral kkagreement kkat kkthe kkCO's kklevel.
c. kkmutual kkagreement kkat kka kklevel kkabove kkthe kkCO.
d. kkunilateral kkagreement kkat kkthe kkCO's kklevel. kk- kkANS-a. kkmutual kkagreement kkat
kkthe kkCO's kklevel.
FAR kk33.204
After kkreceiving kkthe kkGAO's kkwritten kknotice kkthat kka kkprotest kkhas kkbeen kkfiled, kkan
kkagency kkmust kkgive kknotice
a. kkof kkthe kkprotest kkto kkthe kkcontractor kkor kkall kkparties kkwho kkappear kkto kkhave kka
kkreasonable kkprospect kkof kkreceiving kkan kkaward.
b. kkof kkthe kkprotest kkonly kkto kkthe kkprime kkcontractor kkperforming kkthe kkwork.
c. kkof kkthe kkprotest kkto kkall kkparties kkwho kkappear kkto kkhave kka kkreasonable
kkprospect kkof kkreceiving kkaward kkand kkbegin kkcompiling kkthe kkinformation kknecessary
kkto kkreport kkto kkthe kkGAO.
d. kkthrough kka kkgovernment-wide kkpoint kkof kkentry kk(GPE). kk- kkANS-a. kkof kkthe
kkprotest kkto kkthe kkcontractor kkor kkall kkparties kkwho kkappear kkto kkhave kka
kkreasonable kkprospect kkof kkreceiving kkan kkaward.
FAR kk33.104
Does kka kk$75,000 kkclaim kkresulting kkfrom kka kkreduction kkof kk$350,000 kkand kkan
kkincrease kkof kk$275,000 kkrequire kkcertification?
a. kkNo, kkbecause kkthe kkclaimed kkamount kkis kkless kkthan kk$100,000.
b. kkYes, kkbecause kkthe kkaggregate kkvalue kkof kkthe kkclaim kkexceeds kk$100,000.
, c. kkNo, kkbecause kkthe kkclaimed kkamount kkis kkless kkthan kk$500,000.
d. kkYes, kkbecause kkthe kkaggregate kkvalue kkof kkthe kkclaim kkexceeds kk$500,000. kk-
kkANS-b. kkYes, kkbecause kkthe kkaggregate kkvalue kkof kkthe kkclaim kkexceeds
kk$100,000.
FAR kk33.207(d)
Protests kkmay kkbe kkfiled kkwith
a. kkeither kkthe kkagency kkor kkthe kkGAO.
b. kkthe kkagency, kkthe kkGAO, kkor kkthe kkU.S. kkCourt kkof kkClaims.
c. kkeither kkthe kkcontracting kkofficer kkor kkthe kkU.S. kkCourt kkof kkFederal kkClaims.
d. kkSmall kkClaims kkCourt kkfor kkawards kkunder kkthe kkSAT. kk- kkANS-b. kkthe kkagency,
kkthe kkGAO, kkor kkthe kkU.S. kkCourt kkof kkClaims.
FAR kk33.102
Who kkcan kkauthorize kkcontinued kkperformance kkin kkthe kkface kkof kka kkprotest kkafter
kkaward?
a. kkthe kkchief kkof kkthe kkcontracting kkoffice
b. kkthe kkCO, kkprovided kkhis kkfindings kkare kkdocumented kkin kkthe kkfile.
c. kkthe kkhead kkof kkthe kkcontracting kkactivity.
d. kkthe kkcommanding kkofficers. kk- kkANS-c. kkthe kkhead kkof kkthe kkcontracting kkactivity.
FAR kk33.104(c)(2)
The kkCO kkshall kkconsider kkall kkprotests kkand kkseek kklegal kkadvice
a. kkonly kkif kkprotests kkare kkreceived kkafter kkaward kkand kkfiled kkdirectly kkwith kkthe
kkagency.
b. kkonly kkif kkthe kkprotest kkis kkreceived kkafter kkaward kkand kkfiled kkdirectly kkwith kkthe
kkGAO.
c. kkwhether kkprotests kkare kksubmitted kkbefore kkor kkafter kkaward.
d. kkwhether kkprotests kkare kksubmitted kkbefore kkor kkafter kkaward kkand kkwhether kkfiled
kkdirectly kkwith kkthe kkGAO, kkthe kkU.S kkCourt kkof kkClaims, kkor kkthe kkagency. kk- kkANS-
d. kkwhether kkprotests kkare kksubmitted kkbefore kkor kkafter kkaward kkand kkwhether kkfiled
kkdirectly kkwith kkthe kkGAO, kkthe kkU.S kkCourt kkof kkClaims, kkor kkthe kkagency. kk
FAR kk33.102
A kkprotest kkbased kkupon kkimproprieties kkin kka kksolicitation kkmust kkbe kkfiled kkbefore
kkbid kkopening kkor kkthe kkclosing kkdate kkfor kkreceipt kkof kkproposals. kkin kkall kkother
kkcases, kkprotests kkmust kkbe kkfiled
