CFCM FEDERAL CONTRACT MANAGER TESTS
MASTERY BUNDLE 2026 AND 2027 REAL
COMPILATION WITH 100 PERCENT COMPLETE
VERIFIED SOLUTIONS.
◎ 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
◎ Which FAR part prescribes policies and procedures for contracting for supplies and
services under the Federal Supply Schedule program? ANSWER:- Part 38
◎ If hazardous materials are expected to be used during contract performance, what
must the apparent successful offeror do prior to contract award? ANSWER:- Furnish
hazardous material data on a Material Safety Data Sheet
◎ A failure in estimating, accumulating, or reporting costs to comply with applicable
cost accounting standards is called what? ANSWER:- Noncompliance
◎ Who is authorized to sign a contract on behalf of the United States? ANSWER:- Only
the contracting officer
◎ A cash fund of fixed amount established by an advance of funds, for disbursement in
cash for relatively small amounts is called what? ANSWER:- Imprest fund
◎ The Government's policy is to try to resolve all contractual issues in controversy by
what? ANSWER:- Mutual agreement at the contracting officer's level
MASTERY BUNDLE 2026 AND 2027 REAL
COMPILATION WITH 100 PERCENT COMPLETE
VERIFIED SOLUTIONS.
◎ 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
◎ Which FAR part prescribes policies and procedures for contracting for supplies and
services under the Federal Supply Schedule program? ANSWER:- Part 38
◎ If hazardous materials are expected to be used during contract performance, what
must the apparent successful offeror do prior to contract award? ANSWER:- Furnish
hazardous material data on a Material Safety Data Sheet
◎ A failure in estimating, accumulating, or reporting costs to comply with applicable
cost accounting standards is called what? ANSWER:- Noncompliance
◎ Who is authorized to sign a contract on behalf of the United States? ANSWER:- Only
the contracting officer
◎ A cash fund of fixed amount established by an advance of funds, for disbursement in
cash for relatively small amounts is called what? ANSWER:- Imprest fund
◎ The Government's policy is to try to resolve all contractual issues in controversy by
what? ANSWER:- Mutual agreement at the contracting officer's level
