CFCM Practice Exam Questions and Answers (Graded A+)

What is a Certificate of Competency? - ANSWER-A certificate issued by the SBA stating that the holder is responsible, for the purpose of receiving and performing a specific Government contract 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 Which of the following is not a required element in a Broad Agency Announcement? - ANSWER-An estimate of the level of effort required **IS** A description of the agency's research interest The criteria by which proposals will be selected The period of time during which proposals will be accepted A contractor has made an invention under a Federal research and development contract. In which of the following cases may the contractor be required to assign title to the invention to the Government? - ANSWER-The contractor does not have a place of business in the United States Which of the following contract types is generally used to acquire construction? - ANSWER-Firm-fixed-price Which FAR part specifies the definitions for words and terms that are to be used unless another FAR part provides a different definition for that part? - ANSWER-Part 2 Which of the following is a true statement about the role of the Acquisition Team? - ANSWER-The procurement policies and procedures that are used by members of the Acquisition Team are outlined in the FAR If market research indicates that commercial or nondevelopmental items might not be available to satisfy agency needs, what shall the agency do? - ANSWER-Reevaluate the need and determine whether the need can be restated to permit commercial or nondevelopmental items to satisfy the agency's need