CFCM QUESTIONS: ULTIMATE STUDY GUIDE FINAL EXAM
TEST LATEST UPDATE WITH 100% SOLVED -GRADED A+
"Minor modifications" of a commercial item do not significantly alter
a. the non-governmental function of in item or component
b. essential physical characteristics of in item or component
c. change the purpose of a process
d. all of the above.
e. b and c only. - correct answer- d. all of the above.
FAR 2.1
A bid must comply with all material aspects of the invitation to be
considered for award. True or False? - correct answer- True.
FAR 14.3
A bid sample is a sample to be furnished by a bidder to show the
characteristics of a product offered in a bid. True or False? - correct
answer- True
,FAR 14.2
A capable party that has the financial resources, personnel, facilities,
integrity and overall capability to fulfill specific contractual requirements
satisfactorily is
a. a reasonable source or contractor
b. a responsible source or contractor
c. within the competitive range
d. able to satisfy the CO - correct answer- b. a responsible source or
contractor
FAR 15.4
A cash fund of a fixed amount established by an advance of funds,
without charge to an appropriation, from an agency finance or
disbursing officer to a duly appointed cashier, for disbursement as
needed from time to time in making payment in cash for relatively small
purchases.
a. Governmentwide Commercial Card Payment
b. Purchase Order
c. Third Party Draft
d. Imprest Fund
,e. Blanket Purchase Agreement (BPA) - correct answer- d. Imprest
Fund
FAR 13.305
A certificate issued by the SBA stating that the holder is responsible
(with respect to all elements of responsibility) for the purpose of
receiving and performing a specific government contract.
a. A Responsible Offeror's Certificate
b. A Certificate of Responsibility
c. A Certified Small Business Offeror
d. A Certificate of Competency - correct answer- d. A Certificate of
Competency
FAR 19.6
A change in size of a business may change the terms and conditions of
the contract. True or False? - correct answer- False.
A change in size of a business DOES NOT change the terms and
conditions of the contract.
FAR 19.301-2 & 19.302(K)
, A class deviation or determination and finding may consist of contract
actions
a. for the same or related supplies or services.
b. that require essentially identical justification.
c. for unauthorized commitments that require ratification
d. all of the above
e. a and b only - correct answer- e. a and b only
FAR 1.702(a) and 1.703(a)
A class of acquisitions, including construction, may be partially set aside.
True or False? - correct answer- False.
A class of acquisitions, NOT including construction, may be partially set
aside.
(So, YES, a class of acquisitions may be partially set aside. Not to include
construction).
FAR 19.502-3
TEST LATEST UPDATE WITH 100% SOLVED -GRADED A+
"Minor modifications" of a commercial item do not significantly alter
a. the non-governmental function of in item or component
b. essential physical characteristics of in item or component
c. change the purpose of a process
d. all of the above.
e. b and c only. - correct answer- d. all of the above.
FAR 2.1
A bid must comply with all material aspects of the invitation to be
considered for award. True or False? - correct answer- True.
FAR 14.3
A bid sample is a sample to be furnished by a bidder to show the
characteristics of a product offered in a bid. True or False? - correct
answer- True
,FAR 14.2
A capable party that has the financial resources, personnel, facilities,
integrity and overall capability to fulfill specific contractual requirements
satisfactorily is
a. a reasonable source or contractor
b. a responsible source or contractor
c. within the competitive range
d. able to satisfy the CO - correct answer- b. a responsible source or
contractor
FAR 15.4
A cash fund of a fixed amount established by an advance of funds,
without charge to an appropriation, from an agency finance or
disbursing officer to a duly appointed cashier, for disbursement as
needed from time to time in making payment in cash for relatively small
purchases.
a. Governmentwide Commercial Card Payment
b. Purchase Order
c. Third Party Draft
d. Imprest Fund
,e. Blanket Purchase Agreement (BPA) - correct answer- d. Imprest
Fund
FAR 13.305
A certificate issued by the SBA stating that the holder is responsible
(with respect to all elements of responsibility) for the purpose of
receiving and performing a specific government contract.
a. A Responsible Offeror's Certificate
b. A Certificate of Responsibility
c. A Certified Small Business Offeror
d. A Certificate of Competency - correct answer- d. A Certificate of
Competency
FAR 19.6
A change in size of a business may change the terms and conditions of
the contract. True or False? - correct answer- False.
A change in size of a business DOES NOT change the terms and
conditions of the contract.
FAR 19.301-2 & 19.302(K)
, A class deviation or determination and finding may consist of contract
actions
a. for the same or related supplies or services.
b. that require essentially identical justification.
c. for unauthorized commitments that require ratification
d. all of the above
e. a and b only - correct answer- e. a and b only
FAR 1.702(a) and 1.703(a)
A class of acquisitions, including construction, may be partially set aside.
True or False? - correct answer- False.
A class of acquisitions, NOT including construction, may be partially set
aside.
(So, YES, a class of acquisitions may be partially set aside. Not to include
construction).
FAR 19.502-3
