CFCM UPDATED END OF COURSE QUESTIONS AND
SOLUTIONS GUARANTEE A+
✔✔Implied warranty of merchantability means - ✔✔items are reasonably fit for ordinary
purposes for which such items are sold or used.
✔✔Which of the following is not a valid technique for conducting market research? -
✔✔Ordering the same supplies from the same supplier as last time
✔✔If market research indicates commercial or non-developmental items might not be
available to satisfy agency needs, agencies are required to - ✔✔re-evaluate the need
and determine whether the need can be restated.
✔✔The contracting officer must consider the potential impact on pricing, competition,
and contract administration before using the ___________ clause. - ✔✔liquidated
damages
✔✔The commercial items acquired by the government must be - ✔✔of at least average,
fair, or medium-grade quality
✔✔Solicitations for commercial items shall require offerors to give offer the government
___________ warranty terms offered to the general public. - ✔✔at least the same
✔✔When contracting for commercial items, the contracting officer must establish price
reasonableness in accordance with FAR Parts ________________. - ✔✔13, 14, & 15
✔✔Contracts for commercial items shall - ✔✔rely on the contractor's existing quality
assurance systems.
✔✔A Department of Commerce regulation in support of approved national defense,
emergency preparedness, and energy programs is known as the - ✔✔Defense Priorities
and Allocation System
✔✔The overrun or underrun permitted in each contract should be based upon the
normal commercial practices of a particular industry for a particular item, and the
permitted percentage should be no larger than is necessary to afford a contractor
reasonable protection. Unless a different limitation is contained in agency regulations,
the variation in quantity shall not exceed plus or minus - ✔✔10%
✔✔Which factors should not be considered in establishing service schedules? -
✔✔Sole source capabilities
, ✔✔If market research establishes that the Government's need may be met by a type of
item or service customarily available in the commercial marketplace, the contracting
officer must solicit and award any resultant contract in accordance with FAR Part ___. -
✔✔12
✔✔Acquisition officials should state requirements with respect to an acquisition of
supplies or services in terms of all but - ✔✔non-performance related characteristics
✔✔Time of delivery/performance must be - ✔✔realistic and clearly stated within the
solicitation
✔✔The correct order of priority (highest being first) for orders from contracts in support
of the national defense: - ✔✔DX rated orders, DO rated orders, unrated orders
✔✔A pre-bid conference may be used for the following purposes except? - ✔✔as a
substitute for amending a defective or ambiguous invitation
✔✔________________ provides for upward or downward revision of the state contract
price upon occurrence of specified contingencies - ✔✔Fixed-Price with economic price
adjustment
✔✔What method of special contracting is used to acquire known requirements in
quantities and total cost not over planned requirements for up to five years unless
otherwise authorized by statute, even though the total funds ultimately to be obligated
may not be available at the time of contract award? - ✔✔Multi-Year Contracting
✔✔Which of the following is the Government's preferred method to purchase and pay
for micro purchases? - ✔✔Government-wide commercial purchase card
✔✔Imprest Funds are used for cash purchases below what level? - ✔✔$500
✔✔Two-Step bidding can use which of the following types of contracts? - ✔✔Firm-
Fixed-Price
✔✔The Government prefers to issue multiple awards for which of the following? -
✔✔Indefinite Delivery Indefinite Quantity Contracts
✔✔Which of the following contract types puts the most risk on the buyer? - ✔✔Cost
Plus Fixed Fee
✔✔Which of the following contract types is prohibited by the FAR? - ✔✔Cost Plus
Percentage of Cost
SOLUTIONS GUARANTEE A+
✔✔Implied warranty of merchantability means - ✔✔items are reasonably fit for ordinary
purposes for which such items are sold or used.
✔✔Which of the following is not a valid technique for conducting market research? -
✔✔Ordering the same supplies from the same supplier as last time
✔✔If market research indicates commercial or non-developmental items might not be
available to satisfy agency needs, agencies are required to - ✔✔re-evaluate the need
and determine whether the need can be restated.
✔✔The contracting officer must consider the potential impact on pricing, competition,
and contract administration before using the ___________ clause. - ✔✔liquidated
damages
✔✔The commercial items acquired by the government must be - ✔✔of at least average,
fair, or medium-grade quality
✔✔Solicitations for commercial items shall require offerors to give offer the government
___________ warranty terms offered to the general public. - ✔✔at least the same
✔✔When contracting for commercial items, the contracting officer must establish price
reasonableness in accordance with FAR Parts ________________. - ✔✔13, 14, & 15
✔✔Contracts for commercial items shall - ✔✔rely on the contractor's existing quality
assurance systems.
✔✔A Department of Commerce regulation in support of approved national defense,
emergency preparedness, and energy programs is known as the - ✔✔Defense Priorities
and Allocation System
✔✔The overrun or underrun permitted in each contract should be based upon the
normal commercial practices of a particular industry for a particular item, and the
permitted percentage should be no larger than is necessary to afford a contractor
reasonable protection. Unless a different limitation is contained in agency regulations,
the variation in quantity shall not exceed plus or minus - ✔✔10%
✔✔Which factors should not be considered in establishing service schedules? -
✔✔Sole source capabilities
, ✔✔If market research establishes that the Government's need may be met by a type of
item or service customarily available in the commercial marketplace, the contracting
officer must solicit and award any resultant contract in accordance with FAR Part ___. -
✔✔12
✔✔Acquisition officials should state requirements with respect to an acquisition of
supplies or services in terms of all but - ✔✔non-performance related characteristics
✔✔Time of delivery/performance must be - ✔✔realistic and clearly stated within the
solicitation
✔✔The correct order of priority (highest being first) for orders from contracts in support
of the national defense: - ✔✔DX rated orders, DO rated orders, unrated orders
✔✔A pre-bid conference may be used for the following purposes except? - ✔✔as a
substitute for amending a defective or ambiguous invitation
✔✔________________ provides for upward or downward revision of the state contract
price upon occurrence of specified contingencies - ✔✔Fixed-Price with economic price
adjustment
✔✔What method of special contracting is used to acquire known requirements in
quantities and total cost not over planned requirements for up to five years unless
otherwise authorized by statute, even though the total funds ultimately to be obligated
may not be available at the time of contract award? - ✔✔Multi-Year Contracting
✔✔Which of the following is the Government's preferred method to purchase and pay
for micro purchases? - ✔✔Government-wide commercial purchase card
✔✔Imprest Funds are used for cash purchases below what level? - ✔✔$500
✔✔Two-Step bidding can use which of the following types of contracts? - ✔✔Firm-
Fixed-Price
✔✔The Government prefers to issue multiple awards for which of the following? -
✔✔Indefinite Delivery Indefinite Quantity Contracts
✔✔Which of the following contract types puts the most risk on the buyer? - ✔✔Cost
Plus Fixed Fee
✔✔Which of the following contract types is prohibited by the FAR? - ✔✔Cost Plus
Percentage of Cost
