CFCM COMPREHENSIVE EXAM 2026
QUESTIONS WITH ANSWERS GRADED A+
● Except as specifically permitted by executive agencies, the fast
payment procedure may not be used for individual purchasing
instruments exceeding what amount? Answer: $35,000
● What can a contractor access online at www.fedbizopps.gov? Answer:
The governmentwide point of entry
● Application of size standards includes specifying the size standard in
the Answer: solicitation
● When the value of the contract is $100,000 the agency will be required
to use Answer: SAP
● How is the publication of a paid advertisement in a newspaper
authorized? Answer: By the head of the agency, by giving written
authorization
● The unilateral right in a contract by which the Government may elect
to purchase additional supplies or services called for by the contract is
called what? Answer: Option
,● If a prospective contractor is qualified and eligible to receive an
award, but lacks adequate financial resources to perform the contract,
can the contractor be determined responsible? Answer: If the contractor
presents evidence of the ability to obtain adequate financial resources,
the contractor may be determined responsible
● What are methods for simplified acquisition? Answer: Blanket
purchase agreement, Governmentwide commerica lpurchase card,
Purchase Order
● For a contract exceeding the simplified acquisition threshold, an
offeror (other than an individual) that does not agree to provide a drug-
free workplace is what? Answer: Not considered a responsible source
● What law specifies how agencies shall make their records available
upon public request, imposes strict time standards for agency responses,
and exempts certain records from public disclosure? Answer: Freedom
of Information Act
● Who is responsible for printing, publishing, and distributing the
Federal Acquisition Regulation? Answer: The FAR Secretariat, as
authorized by GSA
● Which FAR Part prescribes policies and procedures unique to the
acquisition of commercial items? Answer: FAR Part 12
, ● Which of the following is necessarily true about a cost that is
assignable or chargeable to one or most cost objectives on the basis of
relative benefits received or other equitable relationship? Answer: The
cost is allocable
● A mineral required for production in performance of a contract is not
mined in the United States, but can be acquired from another country.
How does the Buy American statute apply in this case? Answer: The
mineral may be acquired from a foreign source if it is in the best interest
of the Government
● When it is in the best interest of the Government to consider award to
other than the highest technically rated offeror, which of the following
should the Government use to select the source? Answer: A tradeoff
process
● The obtaining of opinions, special knowledge, or skills from noted
experts would be included in what kind of service? Answer: Advisory
and assistance service
● Who is authorized to execute contract modifications on behalf of the
Government? Answer: Only a contracting officer acting within the
scope of his or her authority
QUESTIONS WITH ANSWERS GRADED A+
● Except as specifically permitted by executive agencies, the fast
payment procedure may not be used for individual purchasing
instruments exceeding what amount? Answer: $35,000
● What can a contractor access online at www.fedbizopps.gov? Answer:
The governmentwide point of entry
● Application of size standards includes specifying the size standard in
the Answer: solicitation
● When the value of the contract is $100,000 the agency will be required
to use Answer: SAP
● How is the publication of a paid advertisement in a newspaper
authorized? Answer: By the head of the agency, by giving written
authorization
● The unilateral right in a contract by which the Government may elect
to purchase additional supplies or services called for by the contract is
called what? Answer: Option
,● If a prospective contractor is qualified and eligible to receive an
award, but lacks adequate financial resources to perform the contract,
can the contractor be determined responsible? Answer: If the contractor
presents evidence of the ability to obtain adequate financial resources,
the contractor may be determined responsible
● What are methods for simplified acquisition? Answer: Blanket
purchase agreement, Governmentwide commerica lpurchase card,
Purchase Order
● For a contract exceeding the simplified acquisition threshold, an
offeror (other than an individual) that does not agree to provide a drug-
free workplace is what? Answer: Not considered a responsible source
● What law specifies how agencies shall make their records available
upon public request, imposes strict time standards for agency responses,
and exempts certain records from public disclosure? Answer: Freedom
of Information Act
● Who is responsible for printing, publishing, and distributing the
Federal Acquisition Regulation? Answer: The FAR Secretariat, as
authorized by GSA
● Which FAR Part prescribes policies and procedures unique to the
acquisition of commercial items? Answer: FAR Part 12
, ● Which of the following is necessarily true about a cost that is
assignable or chargeable to one or most cost objectives on the basis of
relative benefits received or other equitable relationship? Answer: The
cost is allocable
● A mineral required for production in performance of a contract is not
mined in the United States, but can be acquired from another country.
How does the Buy American statute apply in this case? Answer: The
mineral may be acquired from a foreign source if it is in the best interest
of the Government
● When it is in the best interest of the Government to consider award to
other than the highest technically rated offeror, which of the following
should the Government use to select the source? Answer: A tradeoff
process
● The obtaining of opinions, special knowledge, or skills from noted
experts would be included in what kind of service? Answer: Advisory
and assistance service
● Who is authorized to execute contract modifications on behalf of the
Government? Answer: Only a contracting officer acting within the
scope of his or her authority
