CFCM Exam Questions & Answers
1.What is covered by FAR Part 1?
(a) Definitions of Words & Terms
(b) Administrative Matters
(c) The Federal Acquisition Regulation System
(d) Competition Requirements:
ANS (c) The Federal Acquisition Regulation System
2.What is the purpose of the FAR? (FAR 1.101)
(a) To effectively manage contractors seeking to do business with the
government
(b) To codify and publish uniform policies and procedures for acquisition
by all executive agencies
(c) To construct a system of rules and regulations binding at all times in
the execution of government acquisitions
(d) To limit government acquisition to pre-defined policies and procedures,
so as to standardize all acquisitions:
ANS (b) To codify and publish uniform policies and procedures for
acquisition by all executive agencies
3.What is the vision of the Federal Acquisition System? (FAR 1.102)
(a) To create the highest efficiency acquisition procedures so that
customers get their products and services in a timely manner
,(b) To execute the highest level of quality in federal acquisitions while
provid- ing the most efficient manner of delivering customer satisfaction
(c) To determine the best ways to get the end customer what they need
while conforming to all policies and procedures deemed important by
Congress
(d) To deliver on a timely basis the best value product or service to the
customer, while maintaining the public's trust and fulfilling public policy
objectives:
ANS (d) To deliver on a timely basis the best value product or service to
the customer, while maintaining the public's trust and fulfilling public
policy objectives
4.Which of the following is NOT a guiding principle of the Federal
Acquisition System? (FAR 1.102)
(a) Satisfy the customer in terms of cost, quality, and timeliness of the
deliv- ered product or service
(b) Minimize administrative operating costs
(c) Constantly develop new procedures to remain on the cutting edge of
the acquisition process
(d) Fulfill public policy objectives:
ANS (c) Constantly develop new procedures to remain on the cutting
edge of the acquisition process
5.Which of the following is NOT a guiding principle of the Federal
Acquisition System? (FAR 1.102)
,(a) Satisfy the customer in terms of cost, quality, and timeliness of the
deliv- ered product or service
(b) Minimize all costs associated with each acquisition
(c) Conduct business with integrity, fairness, and openness
(d) Fulfill public policy objectives:
ANS (b) Minimize all costs associated with each acquisition
6.Which of the following is NOT a member of the Acquisition Team?
(FAR 1.102)
(a) Representatives from the technical community
(b) Representatives from the procurement community
(c) Representatives from the local community
(d) Representatives from the supply community:
ANS (c) Representatives from the local community
7.Which of the following is NOT a member of the Acquisition Team?
(FAR 1.102)
(a) The highest ranking member of the agency where the acquisition occurs
(b) Representatives from the technical, supply, and procurement
communi- ties
(c) Customers served by the technical, supply, and procurement communitie
(d) Contractors who provide the products and services:
ANS (a) The highest ranking member of the agency where the
acquisition occurs
, 8.If a specific strategy, practice, policy, or procedure is in the best
interests of the Government and is not addressed in the FAR, nor
prohibited by law (statute or case law), Executive order or other regulation,
then the strategy, practice, policy or procedure: (FAR 1.102)
(a) Should be approved by the next highest authority above the
contracting officer
(b) Must be approved by two independent councils that coordinate
revisions to the FAR
(c) Is a permissible exercise of authority
(d) Is not within the authority of the contracting officer:
ANS (c) Is a permissible exercise of authority
9.Who are the principal customers for the product or service provided by
the Federal Acquisition System? (FAR 1.102-2)
(a) Procurement officials, acting on behalf of the American taxpayer
(b) Quality assurance personnel, acting on behalf of the procurement officials
(c) Users and line managers, acting on behalf of the American taxpayer
(d) Finance personnel, acting on behalf of the American taxpayer:
ANS (c) Users and line managers, acting on behalf of the American
taxpayer
10.When selecting contractors to provide products or perform services,
the Government will use contractors who (FAR 1.102-2)
(a) Have always provided the product or service in similar acquisitions
(b) Have demonstrated an ability to provide the lowest cost product or servic
1.What is covered by FAR Part 1?
(a) Definitions of Words & Terms
(b) Administrative Matters
(c) The Federal Acquisition Regulation System
(d) Competition Requirements:
ANS (c) The Federal Acquisition Regulation System
2.What is the purpose of the FAR? (FAR 1.101)
(a) To effectively manage contractors seeking to do business with the
government
(b) To codify and publish uniform policies and procedures for acquisition
by all executive agencies
(c) To construct a system of rules and regulations binding at all times in
the execution of government acquisitions
(d) To limit government acquisition to pre-defined policies and procedures,
so as to standardize all acquisitions:
ANS (b) To codify and publish uniform policies and procedures for
acquisition by all executive agencies
3.What is the vision of the Federal Acquisition System? (FAR 1.102)
(a) To create the highest efficiency acquisition procedures so that
customers get their products and services in a timely manner
,(b) To execute the highest level of quality in federal acquisitions while
provid- ing the most efficient manner of delivering customer satisfaction
(c) To determine the best ways to get the end customer what they need
while conforming to all policies and procedures deemed important by
Congress
(d) To deliver on a timely basis the best value product or service to the
customer, while maintaining the public's trust and fulfilling public policy
objectives:
ANS (d) To deliver on a timely basis the best value product or service to
the customer, while maintaining the public's trust and fulfilling public
policy objectives
4.Which of the following is NOT a guiding principle of the Federal
Acquisition System? (FAR 1.102)
(a) Satisfy the customer in terms of cost, quality, and timeliness of the
deliv- ered product or service
(b) Minimize administrative operating costs
(c) Constantly develop new procedures to remain on the cutting edge of
the acquisition process
(d) Fulfill public policy objectives:
ANS (c) Constantly develop new procedures to remain on the cutting
edge of the acquisition process
5.Which of the following is NOT a guiding principle of the Federal
Acquisition System? (FAR 1.102)
,(a) Satisfy the customer in terms of cost, quality, and timeliness of the
deliv- ered product or service
(b) Minimize all costs associated with each acquisition
(c) Conduct business with integrity, fairness, and openness
(d) Fulfill public policy objectives:
ANS (b) Minimize all costs associated with each acquisition
6.Which of the following is NOT a member of the Acquisition Team?
(FAR 1.102)
(a) Representatives from the technical community
(b) Representatives from the procurement community
(c) Representatives from the local community
(d) Representatives from the supply community:
ANS (c) Representatives from the local community
7.Which of the following is NOT a member of the Acquisition Team?
(FAR 1.102)
(a) The highest ranking member of the agency where the acquisition occurs
(b) Representatives from the technical, supply, and procurement
communi- ties
(c) Customers served by the technical, supply, and procurement communitie
(d) Contractors who provide the products and services:
ANS (a) The highest ranking member of the agency where the
acquisition occurs
, 8.If a specific strategy, practice, policy, or procedure is in the best
interests of the Government and is not addressed in the FAR, nor
prohibited by law (statute or case law), Executive order or other regulation,
then the strategy, practice, policy or procedure: (FAR 1.102)
(a) Should be approved by the next highest authority above the
contracting officer
(b) Must be approved by two independent councils that coordinate
revisions to the FAR
(c) Is a permissible exercise of authority
(d) Is not within the authority of the contracting officer:
ANS (c) Is a permissible exercise of authority
9.Who are the principal customers for the product or service provided by
the Federal Acquisition System? (FAR 1.102-2)
(a) Procurement officials, acting on behalf of the American taxpayer
(b) Quality assurance personnel, acting on behalf of the procurement officials
(c) Users and line managers, acting on behalf of the American taxpayer
(d) Finance personnel, acting on behalf of the American taxpayer:
ANS (c) Users and line managers, acting on behalf of the American
taxpayer
10.When selecting contractors to provide products or perform services,
the Government will use contractors who (FAR 1.102-2)
(a) Have always provided the product or service in similar acquisitions
(b) Have demonstrated an ability to provide the lowest cost product or servic
