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CFCM Final Review Exam Questions and Answers 100% Pass |Verified and Updated |Graded A+

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CFCM Final Review Exam Questions and Answers 100% Pass |Verified and Updated |Graded A+

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Terms in this set (1082)


The FAR is prepared, c. The Secretary of Defense, the Administrator of
issued, and maintained General Services, and the Administrator of the
by: National Aeronautics and Space Administration.
a. The Executive Office of
the President.
b. The Office of
Management and Budget
and the General Services
Administration.
c. The Secretary of
Defense, the
Administrator of General
Services, and the
Administrator of the
National Aeronautics and
Space Administration.
d. The National Contract
Management Association.

,Which of the following is a. To obtain the lowest price on behalf of the
not one of the government
contracting officer's
authorities and
responsibilities?
a. To obtain the lowest
price on behalf of the
government.
b. To enter into and sign
contracts on behalf of
the government.
c. To ensure that all
requirements of law,
executive orders,
regulations, and all other
applicable procedures
including clearances and
approvals have been
met.
d. To terminate contracts
and make related
determinations and
findings.

,This term refers to d. Bundling
consolidating two or
more requirements for
supplies or services
previously provided or
performed under
separate or small
contracts into a
solicitation for a single
contract that is likely to
be unsuitable for award
to a small business
concern.
a. Subcontracting
b. Grouping
c. Joinder
d. Bundling

The standard a. $3,500
micropurchase threshold
is:
a. $3,500
b. $2,000
c. $2,500
d. $3,000

Which of the following is a. A response to an invitation for quotations
not considered an offer?
a. A response to an
invitation for quotations
b. A response to an
invitation for proposals
c. A response to an
invitation for bids
d. A response to a
solicitation that, if
accepted, would bind the
offeror to perform the
resultant

, What is the federal policy c. The general rule is to avoid strictly any conflict of
on standards of interest or even the appearance of a conflict of
conduct? interest in government-contract relationships.
a. The general rule is to
avoid strictly any conflict
of interest except for
token gifts or gratuities in
government-contractor
relationships.
b. The general rule is to
avoid strictly any conflict
in government-
contractor relationships.
c. The general rule is to
avoid strictly any conflict
of interest or even the
appearance of a conflict
of interest in
government-contract
relationships.
d. The general rule is to
avoid conflict of interest
in government-
contractor relationships,
unless a full public
disclosure is made.

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