CFCM Practice Test Questions & Answers
1.How often are statutory acquisition-related dollar thresholds in the
FAR adjusted for inflation?
ANS Every 5 years
2.A form of written approval signed by an authorized official that is required
by statute or regulation as a prerequisite to taking certain contract actions
is defined as a
ANS determination and findings
3.Contracting officers below the level of shall be selected and appointed-
ANS a head of a contracting activity
4.According to the FAR conventions at Subpart 1.1, each authority is
dele- gable unless
ANS specifically stated otherwise
5.When an imperative sentence directs action in the FAR, who is
responsible for the action unless another party is expressly cited?
ANS the CO
6.Unauthorized commitments are agreements that are NOT binding
,solely because
ANS the government representative who made the agreement lacked
the authority to enter into it
7.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
ANS 1 million
8.Commercial Item
ANS 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
9.Consolidating 2 or more requirements for supplies or services, previously
provided or performed under separate 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
ANS bundling
10.Which of the following are included in the definitions of "contracts"
ANS letter contracts and job orders
11.The government can minimize the opportunity for buying in by using
, which of the following techniques
ANS multiyear contracting, priced options, and amortization of
nonrecurring costs
12.A contractor's arrangements to pay contingent fees for soliciting govern-
ment contracts have long been considered contrary to public policy
because-
ANS they may lead to exercise of improper influence
13. 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 treat- ment in connection with a prime contractor in
connection with a subcontract relating to a prime contract
ANS Kickback
14.A contract with a corporation shall be signed by
ANS in the corporate name, followed by the word "by" and the signature
and title of the person authorized to sign
15.Contractors must retain all records pertaining to a government contract
for a minimum or years
1.How often are statutory acquisition-related dollar thresholds in the
FAR adjusted for inflation?
ANS Every 5 years
2.A form of written approval signed by an authorized official that is required
by statute or regulation as a prerequisite to taking certain contract actions
is defined as a
ANS determination and findings
3.Contracting officers below the level of shall be selected and appointed-
ANS a head of a contracting activity
4.According to the FAR conventions at Subpart 1.1, each authority is
dele- gable unless
ANS specifically stated otherwise
5.When an imperative sentence directs action in the FAR, who is
responsible for the action unless another party is expressly cited?
ANS the CO
6.Unauthorized commitments are agreements that are NOT binding
,solely because
ANS the government representative who made the agreement lacked
the authority to enter into it
7.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
ANS 1 million
8.Commercial Item
ANS 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
9.Consolidating 2 or more requirements for supplies or services, previously
provided or performed under separate 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
ANS bundling
10.Which of the following are included in the definitions of "contracts"
ANS letter contracts and job orders
11.The government can minimize the opportunity for buying in by using
, which of the following techniques
ANS multiyear contracting, priced options, and amortization of
nonrecurring costs
12.A contractor's arrangements to pay contingent fees for soliciting govern-
ment contracts have long been considered contrary to public policy
because-
ANS they may lead to exercise of improper influence
13. 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 treat- ment in connection with a prime contractor in
connection with a subcontract relating to a prime contract
ANS Kickback
14.A contract with a corporation shall be signed by
ANS in the corporate name, followed by the word "by" and the signature
and title of the person authorized to sign
15.Contractors must retain all records pertaining to a government contract
for a minimum or years
