CFCM #6 UPDATED ACTUAL Exam
Questions and CORRECT Answers
Which of the following is NOT defined as government property?
(a) Government-furnished property
(b) Contractor-acquired property
(c) Property owned by or leased to the government or acquired by the government under the
terms of the contract
(d) Surplus property - CORRECT ANSWER -(d) Surplus property
(FAR 45.101)
A latent defect is a defect that:
(a) Exists at the time of acceptance and could be discovered by a reasonable inspection
(b) Exists at the time of delivery
(c) Exists at the time of acceptance and cannot be discovered by a reasonable inspection
(d) Is discovered by the contractor's quality inspector - CORRECT ANSWER -(c) Exists
at the time of acceptance and cannot be discovered by a reasonable inspection
(FAR 2.101, FAR 46.101)
The inclusion of a warranty in federal government contracts is:
(a) Forbidden by statute
(b) Allowed only in fixed-price contracts
(c) Allowed in all types of contracts
(d) Not required - CORRECT ANSWER -(d) Not required
(FAR 46.703)
, A person holding himself or herself out to the general public to provide transportation for
compensation is a:
(a) Contract carrier
(b) Universal carrier
(c) Common carrier
(d) Commercial carrier - CORRECT ANSWER -(c) Common carrier
(FAR 47.001)
There are two value engineering approaches, the:
(a) Contractor approach and the government program
(b) Government approach and the contractor program
(c) Incentive approach and the mandatory program
(d) Mandatory approach and the incentive program - CORRECT ANSWER -(c) Incentive
approach and the mandatory program
(FAR 48.101)
A contract should not normally be terminated for convenience but should be permitted to run to
completion when the price of the undelivered balance of the contract is less than:
(a) $25,000
(b) $1,000
(c) $5,000
(d) $10,000 - CORRECT ANSWER -(c) $5,000
(FAR 49.101(c))
Authority for entering into or modifying contracts in order to facilitate the national defense under
extraordinary emergency conditions is granted by:
Questions and CORRECT Answers
Which of the following is NOT defined as government property?
(a) Government-furnished property
(b) Contractor-acquired property
(c) Property owned by or leased to the government or acquired by the government under the
terms of the contract
(d) Surplus property - CORRECT ANSWER -(d) Surplus property
(FAR 45.101)
A latent defect is a defect that:
(a) Exists at the time of acceptance and could be discovered by a reasonable inspection
(b) Exists at the time of delivery
(c) Exists at the time of acceptance and cannot be discovered by a reasonable inspection
(d) Is discovered by the contractor's quality inspector - CORRECT ANSWER -(c) Exists
at the time of acceptance and cannot be discovered by a reasonable inspection
(FAR 2.101, FAR 46.101)
The inclusion of a warranty in federal government contracts is:
(a) Forbidden by statute
(b) Allowed only in fixed-price contracts
(c) Allowed in all types of contracts
(d) Not required - CORRECT ANSWER -(d) Not required
(FAR 46.703)
, A person holding himself or herself out to the general public to provide transportation for
compensation is a:
(a) Contract carrier
(b) Universal carrier
(c) Common carrier
(d) Commercial carrier - CORRECT ANSWER -(c) Common carrier
(FAR 47.001)
There are two value engineering approaches, the:
(a) Contractor approach and the government program
(b) Government approach and the contractor program
(c) Incentive approach and the mandatory program
(d) Mandatory approach and the incentive program - CORRECT ANSWER -(c) Incentive
approach and the mandatory program
(FAR 48.101)
A contract should not normally be terminated for convenience but should be permitted to run to
completion when the price of the undelivered balance of the contract is less than:
(a) $25,000
(b) $1,000
(c) $5,000
(d) $10,000 - CORRECT ANSWER -(c) $5,000
(FAR 49.101(c))
Authority for entering into or modifying contracts in order to facilitate the national defense under
extraordinary emergency conditions is granted by:
