CFCM Practice Test Questions and Answers 100% Correct(SCORED A+)

How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - ANSWER-Every 5 years A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actionsi s defined as a - ANSWER-determination and findings Contracting officers below the level of ___ shall be selected and appointed - ANSWER-a head of a contracting activity According to the FAR conventions at Subpart 1.1, each authority is delegable unless - ANSWER-specifically stated otherwise When an imperative sentence directs action in the FAR, who is responsible for the action unless another party is expressly cited? - ANSWER-the CO Unauthorized commitments are agreements that are NOT binding solely because - ANSWER-the government representative who made the agreement lacked the authority to enter into it The simplified acquisition threshold for any contract in support of contingency operations to be awarded and performed, or purchase to be made, outside of the united states is - ANSWER-1 million Commercial Item - ANSWER-A non developmental item, if the procuring agency determines the item was developed exclusively at private expense and sold in substantial quantities, on a competitive basis, to multiple state and local governments Consolidating 2 or more requirements for supplies or services, previosuly provided or performed under seperate smaller contracts, into a solicitation for a single contract that is likely to be unsuitable for award to a small business concern is defined as - ANSWER-bundling Which of the following are included in the definitions of "contracts" - ANSWER-letter contracts and job orders The