CFCM Final Review| 1082 Questions| With Complete Solutions

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 Space Administration. d. The National Contract Management Association. correct answer: c. The Secretary of Defense, the Administrator of General Services, and the Administrator of the National Aeronautics and Space Administration. Which of the following is not one of the contracting officer's authorities and responsibilities? a. To obtain the lowest price on behalf of the government. b. To enter into and sign contracts on behalf of the government. c. To ensure that all requirements of law, executive orders, regulations, and all other applicable procedures including clearances and approvals have been met. d. To terminate contracts and make related determinations and findings. correct answer: a. To obtain the lowest price on behalf of the government This term refers to consolidating two or more requirements for supplies or services previously provided or performed under