Certified Federal Contracts Manager (CFCM) Questions and Answers 100% Correct

Certified Federal Contracts Manager (CFCM) Questions and Answers 100% CorrectCertified Federal Contracts Manager (CFCM) Questions and Answers 100% CorrectCertified Federal Contracts Manager (CFCM) Questions and Answers 100% CorrectCertified Federal Contracts Manager (CFCM) Questions and Answers 100% CorrectA 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 Claims Act, a contractor may assign moneys due or to become due under a contract if it meets all but which of the following? - ANSWER-The contract specifies payments aggregating $100,000 or more. Individuals delegated micro-purchase authority do not need to be - ANSWER-appointed in an SF 1402 Advisory and assistance services are classified in all of the following subdivisions except - ANSWER-construction. A foreign end product may be purchased under the Buy American Act if - ANSWER-the price of the lowest domestic offer is determined to be unreasonable by the CO. The threshold which must be exceeded before purchases of services become subject to the Service Contract Act is - ANSWER-$2,500