CFCM Prep Exam Test Questions &
Answers
1.How often are statutory acquisition-related dollar thresholds in the
FAR adjusted for inflation?
(a) Annually
(b) Bi-annually
(c) Every five years
(d) Only as required
ANS: (c) Every five years
(FAR 1.109)
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) A ratification
(b) Determination and Findings
(c) The Contracting Officer's Final Decision
(d) A waiver
ANS: (b) Determination and Findings
(FAR 1.701)
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,3.Contracting officers below the level of shall be selected
and appointed.
(a) Cabinet secretary
(b) Director of contracting
(c) A flag officer or member of the Senior Executive Service
(d) A head of contracting activity
ANS: (d) A head of contracting activity
(FAR 1.601)
4.The simplified acquisition threshold for any contract in support of
contingency operations to be awarded an performed, or purchase to be
made, outside the U.S. is:
(a) $150,000
(b) $300,000
(c) $1 million
(d) $1.5 million
ANS: (c) $1 million
(FAR 2.101)
5.Which of the following is a commercial item?
(a) A non-developmental item, if the procuring agency determines the item
was developed exclusively at private expense and sold in substantial
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,quantities, on a competitive basis, to multiple state and local governments
(b) An item that evolved from an item that has not been sold to the general
public
(c) A commercial item that has received modifications not available in
the commercial marketplace
(d) A nondevelopment item used exclusively for governmental purposes
ANS: (a) 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
(FAR 2.101)
6.Consolidating two or more requirements for supplies or services,
previously provided or performed under separate smaller contracts, into a
solicitation for a single contract is defined as:
(a) Combining
(b) Consolidating
(c) Bundling
(d) Mixing
ANS: (c) Bundling
(FAR 2.101)
7.Which of the following are included in the definition of "contracts?"
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, (a) Awards and notices of awards and grants
(b) Letter contracts and cooperative agreements
(c) Letter contracts and job orders issued under basic ordering agreements
(d) Blanket purchase agreements and imprest funds
ANS: (c) Letter contracts and job orders issued under basic ordering
agreements
(FAR 2.101)
8.The government can minimize the opportunity for buying in by using any
of the following techniques:
(a) Simplified acquisition procedures
(b) Priced options, amortization of nonrecurring costs, and simplified
acqui- sition procedures
(c) Simplified acquisition procedures, costs, and multiyear contracting
(d) Multiyear contracting, priced options, and amortization of nonrecurring
costs
ANS: (d) Multiyear contracting, priced options, and amortization of
nonrecurring costs
(FAR 3.501-2)
9.Contractor's arrangements to pay contingent fees for soliciting
government contracts have long been considered contrary to public policy
because:
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Answers
1.How often are statutory acquisition-related dollar thresholds in the
FAR adjusted for inflation?
(a) Annually
(b) Bi-annually
(c) Every five years
(d) Only as required
ANS: (c) Every five years
(FAR 1.109)
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) A ratification
(b) Determination and Findings
(c) The Contracting Officer's Final Decision
(d) A waiver
ANS: (b) Determination and Findings
(FAR 1.701)
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117
,3.Contracting officers below the level of shall be selected
and appointed.
(a) Cabinet secretary
(b) Director of contracting
(c) A flag officer or member of the Senior Executive Service
(d) A head of contracting activity
ANS: (d) A head of contracting activity
(FAR 1.601)
4.The simplified acquisition threshold for any contract in support of
contingency operations to be awarded an performed, or purchase to be
made, outside the U.S. is:
(a) $150,000
(b) $300,000
(c) $1 million
(d) $1.5 million
ANS: (c) $1 million
(FAR 2.101)
5.Which of the following is a commercial item?
(a) A non-developmental item, if the procuring agency determines the item
was developed exclusively at private expense and sold in substantial
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117
,quantities, on a competitive basis, to multiple state and local governments
(b) An item that evolved from an item that has not been sold to the general
public
(c) A commercial item that has received modifications not available in
the commercial marketplace
(d) A nondevelopment item used exclusively for governmental purposes
ANS: (a) 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
(FAR 2.101)
6.Consolidating two or more requirements for supplies or services,
previously provided or performed under separate smaller contracts, into a
solicitation for a single contract is defined as:
(a) Combining
(b) Consolidating
(c) Bundling
(d) Mixing
ANS: (c) Bundling
(FAR 2.101)
7.Which of the following are included in the definition of "contracts?"
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, (a) Awards and notices of awards and grants
(b) Letter contracts and cooperative agreements
(c) Letter contracts and job orders issued under basic ordering agreements
(d) Blanket purchase agreements and imprest funds
ANS: (c) Letter contracts and job orders issued under basic ordering
agreements
(FAR 2.101)
8.The government can minimize the opportunity for buying in by using any
of the following techniques:
(a) Simplified acquisition procedures
(b) Priced options, amortization of nonrecurring costs, and simplified
acqui- sition procedures
(c) Simplified acquisition procedures, costs, and multiyear contracting
(d) Multiyear contracting, priced options, and amortization of nonrecurring
costs
ANS: (d) Multiyear contracting, priced options, and amortization of
nonrecurring costs
(FAR 3.501-2)
9.Contractor's arrangements to pay contingent fees for soliciting
government contracts have long been considered contrary to public policy
because:
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