CFCM Practice Test UPDATED ACTUAL
Exam Questions and CORRECT Answers
How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? -
CORRECT 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 - CORRECT
ANSWER -determination and findings
Contracting officers below the level of ___ shall be selected and appointed - CORRECT
ANSWER -a head of a contracting activity
According to the FAR conventions at Subpart 1.1, each authority is delegable unless -
CORRECT 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? - CORRECT ANSWER -the CO
Unauthorized commitments are agreements that are NOT binding solely because - CORRECT
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 - CORRECT
ANSWER -1 million
Commercial Item - CORRECT 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 - CORRECT ANSWER -
bundling
Which of the following are included in the definitions of "contracts" - CORRECT
ANSWER -letter contracts and job orders
The government can minimize the opportunity for buying in by using which of the following
techniques - CORRECT ANSWER -multiyear contracting, priced options, and
amortization of nonrecurring costs
A contractor's arrangements to pay contingent fees for soliciting government contracts have long
been considered contrary to public policy because - CORRECT ANSWER -they may lead
to exercise of improper influence
____ 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 - CORRECT ANSWER -Kickback
A contract with a corporation shall be signed by - CORRECT 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 - CORRECT ANSWER -3 years from the date of final payment, unless otherwise
specified
Contractor representations and certifications - CORRECT ANSWER -are submitted
through the System for Award Management
, Agencies must implement OMB guidance for personal identity verification when - CORRECT
ANSWER -contractors have routine physical access to either a federally controlled facility
or information system.
Dollar threshold for public announcement of contract awards - CORRECT ANSWER -
$4,000,000
Acceptable methods for disseminating information on proposed contract actions include -
CORRECT 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 - CORRECT 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 - CORRECT ANSWER -
$700,000
FAR Part 6, "Competition Requirements," applies to which of the following? - CORRECT
ANSWER -A $1M contract for services
The contracting officer may use competitive proposals in lieu of sealed bids if - CORRECT
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 - CORRECT ANSWER -competition advocate
Acquisition planning should begin - CORRECT ANSWER -as soon as the agency need is
identified
Exam Questions and CORRECT Answers
How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? -
CORRECT 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 - CORRECT
ANSWER -determination and findings
Contracting officers below the level of ___ shall be selected and appointed - CORRECT
ANSWER -a head of a contracting activity
According to the FAR conventions at Subpart 1.1, each authority is delegable unless -
CORRECT 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? - CORRECT ANSWER -the CO
Unauthorized commitments are agreements that are NOT binding solely because - CORRECT
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 - CORRECT
ANSWER -1 million
Commercial Item - CORRECT 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 - CORRECT ANSWER -
bundling
Which of the following are included in the definitions of "contracts" - CORRECT
ANSWER -letter contracts and job orders
The government can minimize the opportunity for buying in by using which of the following
techniques - CORRECT ANSWER -multiyear contracting, priced options, and
amortization of nonrecurring costs
A contractor's arrangements to pay contingent fees for soliciting government contracts have long
been considered contrary to public policy because - CORRECT ANSWER -they may lead
to exercise of improper influence
____ 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 - CORRECT ANSWER -Kickback
A contract with a corporation shall be signed by - CORRECT 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 - CORRECT ANSWER -3 years from the date of final payment, unless otherwise
specified
Contractor representations and certifications - CORRECT ANSWER -are submitted
through the System for Award Management
, Agencies must implement OMB guidance for personal identity verification when - CORRECT
ANSWER -contractors have routine physical access to either a federally controlled facility
or information system.
Dollar threshold for public announcement of contract awards - CORRECT ANSWER -
$4,000,000
Acceptable methods for disseminating information on proposed contract actions include -
CORRECT 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 - CORRECT 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 - CORRECT ANSWER -
$700,000
FAR Part 6, "Competition Requirements," applies to which of the following? - CORRECT
ANSWER -A $1M contract for services
The contracting officer may use competitive proposals in lieu of sealed bids if - CORRECT
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 - CORRECT ANSWER -competition advocate
Acquisition planning should begin - CORRECT ANSWER -as soon as the agency need is
identified
