Study Guide: FULL TEST;Practice Test ;Certified Federal Contracts Manager (CFCM);Final Review;Study Guide ;Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 ;Online Prep Course ;FAR Part 1 Study Guide;Part 4 Study Guide
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Which of the following statements is NOT true? a. The government encourages the maximum practicable commercial use of inventions made under government contracts. b. The government recognizes rights in data developed at private expense, and limits its demands for delivery of that data. c. The go...
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Add to cartWhich of the following statements is NOT true? a. The government encourages the maximum practicable commercial use of inventions made under government contracts. b. The government recognizes rights in data developed at private expense, and limits its demands for delivery of that data. c. The go...
How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - ANSWER-Every 5 years A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actionsi s defined as a - ANSW...
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Add to cartHow often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - ANSWER-Every 5 years A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actionsi s defined as a - ANSW...
What is a Certificate of Competency? - ANSWER-A certificate issued by the SBA stating that the holder is responsible, for the purpose of receiving and performing a specific Government contract What law specifies how agencies shall make their records available upon public request, imposes strict t...
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Add to cartWhat is a Certificate of Competency? - ANSWER-A certificate issued by the SBA stating that the holder is responsible, for the purpose of receiving and performing a specific Government contract What law specifies how agencies shall make their records available upon public request, imposes strict t...
Contracting Officers below the level of _________ shall be selected and appointed. - ANSWER-Head of Contracting Activity The simplified acquisition threshold for any contract in support of contingency operations to be awarded and performed, or purchase to be made, outside of the U.S. is _________...
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Add to cartContracting Officers below the level of _________ shall be selected and appointed. - ANSWER-Head of Contracting Activity The simplified acquisition threshold for any contract in support of contingency operations to be awarded and performed, or purchase to be made, outside of the U.S. is _________...
What is a Certificate of Competency - ANSWER-A certificate issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific Government contract Except as specifically permitted by executive agencies, the fast payment procedure may not be used for ind...
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Add to cartWhat is a Certificate of Competency - ANSWER-A certificate issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific Government contract Except as specifically permitted by executive agencies, the fast payment procedure may not be used for ind...
A cost is reasonable if, in its nature and amount, it does not exceed - ANSWER-that which would be incurred by a prudent person in the conduct of competitive business. Advance Agreements should not be negotiated - ANSWER-after the incurrence of the costs involved. Under the Assignment of Claim...
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Add to cartA cost is reasonable if, in its nature and amount, it does not exceed - ANSWER-that which would be incurred by a prudent person in the conduct of competitive business. Advance Agreements should not be negotiated - ANSWER-after the incurrence of the costs involved. Under the Assignment of Claim...
The FAR is prepared, issued, and maintained by: 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 Spa...
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Add to cartThe FAR is prepared, issued, and maintained by: 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 Spa...
"Commercial Item" under FAR Part 12 (for MCQs)? - ANSWER-1. Any item, other than real property, that is of a type customarily used by the general public or by non-governmental entities for purposes other than governmental purposes, and— (i) Has been sold, leased, or licensed to the general publ...
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Add to cart"Commercial Item" under FAR Part 12 (for MCQs)? - ANSWER-1. Any item, other than real property, that is of a type customarily used by the general public or by non-governmental entities for purposes other than governmental purposes, and— (i) Has been sold, leased, or licensed to the general publ...
Certificate of Competency - ANSWER-issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific government contract (FAR 19.601(a)) Except as specifically permitted by executive agencies, the fast payment procedure may not be used for individual ...
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Add to cartCertificate of Competency - ANSWER-issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific government contract (FAR 19.601(a)) Except as specifically permitted by executive agencies, the fast payment procedure may not be used for individual ...
The contracting officer to the extent Practicable provide maximum participation to small biz,sdvosb, vosb, hub zone , women owned. Contracting officers must take the following steps. - ANSWER-1. Plan an acquisition for more then one small business concern e issuing solicitation, make an effort to fi...
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Add to cartThe contracting officer to the extent Practicable provide maximum participation to small biz,sdvosb, vosb, hub zone , women owned. Contracting officers must take the following steps. - ANSWER-1. Plan an acquisition for more then one small business concern e issuing solicitation, make an effort to fi...
With respect to proposal evaluations, solicitations for simplified acquisitions are: - ANSWER-not required to state the relative importance of each evaluation factor and subfactor. Performance-based acquisition offers __________, which can be used to adjust payment to reflect the degree of perfor...
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Add to cartWith respect to proposal evaluations, solicitations for simplified acquisitions are: - ANSWER-not required to state the relative importance of each evaluation factor and subfactor. Performance-based acquisition offers __________, which can be used to adjust payment to reflect the degree of perfor...
What is the primary document of the Federal Acquisition Regulation System? (FAR 1.1) - ANSWER-FAR, the Federal Acquisition Regulation Best Value (FAR 2.1): - ANSWER-The expected outcome of an acquisition that, in the government's estimation, provides the greatest overall benefit in response to t...
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Add to cartWhat is the primary document of the Federal Acquisition Regulation System? (FAR 1.1) - ANSWER-FAR, the Federal Acquisition Regulation Best Value (FAR 2.1): - ANSWER-The expected outcome of an acquisition that, in the government's estimation, provides the greatest overall benefit in response to t...
Which of the following is NOT a reason to contract for Advisory and Assistance services? - ANSWER-Obtain work of a policy, decision-making, or managerial nature which is the direct responsibility of agency officials Which of the following contract types is prohibited by the Federal Acquisition Re...
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Add to cartWhich of the following is NOT a reason to contract for Advisory and Assistance services? - ANSWER-Obtain work of a policy, decision-making, or managerial nature which is the direct responsibility of agency officials Which of the following contract types is prohibited by the Federal Acquisition Re...
Who does the FAR apply to? - ANSWER-all executive agencies Acquisition Team - ANSWER-all participants in government acquisition (including contractors and customers) Deviation - ANSWER-issuance of a policy, etc. inconsistent or not authorized by FAR Who is FAR maintained by? - ANSWER-o GSA ...
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Add to cartWho does the FAR apply to? - ANSWER-all executive agencies Acquisition Team - ANSWER-all participants in government acquisition (including contractors and customers) Deviation - ANSWER-issuance of a policy, etc. inconsistent or not authorized by FAR Who is FAR maintained by? - ANSWER-o GSA ...
How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? (a) Annually (b) Bi-annually (c) Every five years (d) Only as required - ANSWER-(c) Every five years (FAR 1.109) A form of written approval signed by an authorized official that is required by...
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Add to cartHow often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? (a) Annually (b) Bi-annually (c) Every five years (d) Only as required - ANSWER-(c) Every five years (FAR 1.109) A form of written approval signed by an authorized official that is required by...
The FAR is prepared, issued, and maintained by: a. The Executive Office of the President. b. The Office of Management and Budget and the General Services Administration. c. The National Contract Management Association. d. The Secretary of Defense, the Administrator of General Services, and the ...
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Add to cartThe FAR is prepared, issued, and maintained by: a. The Executive Office of the President. b. The Office of Management and Budget and the General Services Administration. c. The National Contract Management Association. d. The Secretary of Defense, the Administrator of General Services, and the ...
Under $150,000 - ANSWER-Simplified Acquisition Threshold $25,000 - ANSWER-Generally, agency need must be synopsized in the GPE for this dollar amount or over $3,500 - ANSWER-Micro purchase Threshold $2,000 - ANSWER-Micro purchase threshold for construction subject to wage rate requirements ...
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Add to cartUnder $150,000 - ANSWER-Simplified Acquisition Threshold $25,000 - ANSWER-Generally, agency need must be synopsized in the GPE for this dollar amount or over $3,500 - ANSWER-Micro purchase Threshold $2,000 - ANSWER-Micro purchase threshold for construction subject to wage rate requirements ...
The Federal Acquisition Regulations System is established for... - ANSWER-the codification and publication of uniform policies and procedures for acquisition by all executive agencies. The vision for the Federal Acquisition System is to... - ANSWER-deliver on a timely basis the best value product...
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Add to cartThe Federal Acquisition Regulations System is established for... - ANSWER-the codification and publication of uniform policies and procedures for acquisition by all executive agencies. The vision for the Federal Acquisition System is to... - ANSWER-deliver on a timely basis the best value product...
If a contractor is infringing a copyright with the consent of the government: - ANSWER-the copyright holder may sue the government for monetary damages Does a $75,000 claim resulting from a reduction of $350,000 and an increase of $275,000 require certification? - ANSWER-Yes, the aggregate value ...
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Add to cartIf a contractor is infringing a copyright with the consent of the government: - ANSWER-the copyright holder may sue the government for monetary damages Does a $75,000 claim resulting from a reduction of $350,000 and an increase of $275,000 require certification? - ANSWER-Yes, the aggregate value ...
For a contract with which of the following would the DCAA generally not be the responsible audit agency? Federal Prison Industries An 8(a) small business An educational institution Any contractor providing architect-engineer services FAR 42.101(b) - ANSWER-The correct answer is: An educatio...
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Add to cartFor a contract with which of the following would the DCAA generally not be the responsible audit agency? Federal Prison Industries An 8(a) small business An educational institution Any contractor providing architect-engineer services FAR 42.101(b) - ANSWER-The correct answer is: An educatio...
KOs shall distribute copies of contracts or mods within 10 working days after execution by all parties. As a minimum, the KO shall -- - ANSWER-(a) Distribute simultaneously 1 signed copy or reproduction of the signed contract to the contractor and the paying office; (b) When a contract is assigne...
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Add to cartKOs shall distribute copies of contracts or mods within 10 working days after execution by all parties. As a minimum, the KO shall -- - ANSWER-(a) Distribute simultaneously 1 signed copy or reproduction of the signed contract to the contractor and the paying office; (b) When a contract is assigne...
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