CFCM Practice Test Questions & All Correct Answers (Graded A+)

CFCM Practice Test Questions & All Correct Answers (Graded A+) CFCM Practice Test Questions & All Correct Answers (Graded A+) ____ is any money, fee, commission, credit, gift, gratuity, thing of value, or compensation of any kind which is provided directly or indirectly, to any prime contractor, prime contractor employee, subcontractor, or subcontractor employee for the purpose of improperly obtaining or rewarding favorable treatment in connection with a prime contractor in connection with a subcontract relating to a prime contract - ANSWER - Kickback A contract with a corporation shall be signed by - ANSWER - in the corporate name, followed by the word "by" and the signature and title of the person authorized to sign Contractors must retain all records pertaining to a government contract for a minimum or __ years - ANSWER - 3 years from the date of final payment, unless otherwise specified Contractor representations ands certifications - ANSWER - are submitted through the System for Award Management Agencies must implement OMB guidance for personal identity verification when - ANSWER - contractors have routine physical access to either a federally controlled facility or information system. Dollar threshold for public announcement of contract awards - ANSWER - $4,000,000 Acceptable methods for disseminating information on proposed contract actions include - ANSWER - announcements in magazines at no cost, assisting a local trade association in disseminating information to their members, and synopsis in the government wide point of entry What is the minimum response time for receipt of bids or proposals for noncommercial item solicitations - ANSWER - 30 days from the date of publication of a proper notice of intent to contract The contracting officer's certification can serve as approval of the justification for other than full and open competition for a proposed contract NOT exceeding - ANSWER - $700,000 FAR Part 6, "Competition Requirements," applies to which of the following? - ANSWER - A $1M contract for services The contracting officer may use competitive proposals in lieu of sealed bids if - ANSWER - it is necessary to conduct discussions If other than full and open competition is anticipated, the acquisition plan must be coordinated with the cognizant - ANSWER - competition advocate Acquisition planning should begin - ANSWER - as soon as the agency need is identified The specific content of acquisition plans will vary, and are influenced primarily by which factors