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CFCM Final Review Questions and Answers
The FAR is prepared, issued, and maintained by:
a. The Executive Office of the President.
b. The Office of Management and Budget and the General Services
Administration.
c. The Secretary of Defense, the Administrator of General Services,
and the Administrator of the National Aeronautics and Space
Administration.
d. The National Contract Management Association.
Ans: c. The Secretary of Defense, the Administrator of General Services,
and the Administrator of the National Aeronautics and Space
Administration.
Which of the following is not one of the contracting officer's
authorities and responsibilities?
a. To obtain the lowest price on behalf of the government.
b. To enter into and sign contracts on behalf of the government.
c. To ensure that all requirements of law, executive orders,
regulations, and all other applicable procedures including
clearances and approvals have been met.
d. To terminate contracts and make related determinations and
findings.
Ans: a. To obtain the lowest price on behalf of the government
This term refers to consolidating two or more requirements for
supplies or services previously provided or performed under
separate or small contracts into a solicitation for a single contract
that is likely to be unsuitable for award to a small business
concern.
a. Subcontracting
b. Grouping
c. Joinder
d. Bundling
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Ans: d. Bundling
The standard micropurchase threshold is:
a. $3,500
b. $2,000
c. $2,500
d. $3,000
Ans: a. $3,500
Which of the following is not considered an offer?
a. A response to an invitation for quotations
b. A response to an invitation for proposals
c. A response to an invitation for bids
d. A response to a solicitation that, if accepted, would bind the
offeror to perform the resultant
Ans: a. A response to an invitation for quotations
What is the federal policy on standards of conduct?
a. The general rule is to avoid strictly any conflict of interest
except for token gifts or gratuities in government-contractor
relationships.
b. The general rule is to avoid strictly any conflict in government-
contractor relationships.
c. The general rule is to avoid strictly any conflict of interest or
even the appearance of a conflict of interest in government-
contract relationships.
d. The general rule is to avoid conflict of interest in government-
contractor relationships, unless a full public disclosure is made.
Ans: c. The general rule is to avoid strictly any conflict of interest or
even the appearance of a conflict of interest in government-contract
relationships.
The Kickbacks statute forbids a subcontractor from doing what?
a. Accepting a payment from a prime contractor for any reason
b. Misrepresenting a contingent fee arrangement
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c. Submitting an offer below anticipated costs, expecting to
increase the contract amount after award
d. Making a payment for the purpose of obtaining favorable
treatment in connection with a prime contract or a subcontract
relating to a prime contract
Ans: d. Making a payment for the purpose of obtaining favorable
treatment in connection with a prime contract or a subcontract relating
to a prime contract
Which of the following would be buying-in?
a. Submitting an offer at negotiated costs to receive follow-on
contracts at artificially high prices
b. Submitting an offer below negotiated costs with the expectation
of decreasing the contract amount after award
c. Submitting an offer below anticipated costs to receive follow-on
contracts at artificially high prices
d. Submitting an offer above anticipated costs with the
expectation of decreasing the contract amount after award
Ans: c. Submitting an offer below anticipated costs to receive follow-on
contracts at artificially high prices
The federal government shall use electronic commerce:
a. For all transactions above the simplified acquisition threshold.
b. As long as signatures are not provided electronically.
c. Only if there is no risk of loss or misuse of the information.
d. Whenever it is practicable or cost-effective.
Ans: d. Whenever it is practicable or cost-effective.
Contractors must retain all records pertaining to a government
contract for a minimum of ____________ from the date final
payment is made under the contract.
a. Six years
b. Three years
c. Ten years
d. One year
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Ans: b. Three years
A prospective contractor would be obligated to register in the
System for Award Management database prior to contract award in
which of the following cases?
a. A contract with an individual for performance outside the
United States and its outlying areas
b. A micropurchase using the electronic funds transfer method
for payment
c. A contract awarded by a deployed contracting officer in the
course of military operations
d. A contract for emergency operations in response to a natural
disaster
Ans: b. A micropurchase using the electronic funds transfer method for
payment
Which of the following is correct about the FAR citation 15.506(a)?
a. 15 is the part, 5 is the subpart, 06 is the section, and a is the
paragraph.
b. 1 is the part, 5 is the subpart, 506 is the section, and a is the
paragraph.
c. 15 is the part, 50 is the subpart, 6 is the section, and a is the
paragraph.
d. 15 is the part, 5 is the subpart, 06 is the paragraph, and a is the
sentence.
Ans: a. 15 is the part, 5 is the subpart, 06 is the section, and a is the
paragraph.
visions to the FAR will be prepared and issued through the
coordinated action of:
a. The General Services Administration and the FAR Secretariat.
b. The FAR Revisions Board and the FAR Secretariat.
c. The Defense Logistics Agency and the General Services
Administration.
d. The Defense Acquisition Regulations Council and the Civilian
Acquisition Council.
© 2025 All rights reserved
CFCM Final Review Questions and Answers
The FAR is prepared, issued, and maintained by:
a. The Executive Office of the President.
b. The Office of Management and Budget and the General Services
Administration.
c. The Secretary of Defense, the Administrator of General Services,
and the Administrator of the National Aeronautics and Space
Administration.
d. The National Contract Management Association.
Ans: c. The Secretary of Defense, the Administrator of General Services,
and the Administrator of the National Aeronautics and Space
Administration.
Which of the following is not one of the contracting officer's
authorities and responsibilities?
a. To obtain the lowest price on behalf of the government.
b. To enter into and sign contracts on behalf of the government.
c. To ensure that all requirements of law, executive orders,
regulations, and all other applicable procedures including
clearances and approvals have been met.
d. To terminate contracts and make related determinations and
findings.
Ans: a. To obtain the lowest price on behalf of the government
This term refers to consolidating two or more requirements for
supplies or services previously provided or performed under
separate or small contracts into a solicitation for a single contract
that is likely to be unsuitable for award to a small business
concern.
a. Subcontracting
b. Grouping
c. Joinder
d. Bundling
© 2025 All rights reserved
, 2 | Page
Ans: d. Bundling
The standard micropurchase threshold is:
a. $3,500
b. $2,000
c. $2,500
d. $3,000
Ans: a. $3,500
Which of the following is not considered an offer?
a. A response to an invitation for quotations
b. A response to an invitation for proposals
c. A response to an invitation for bids
d. A response to a solicitation that, if accepted, would bind the
offeror to perform the resultant
Ans: a. A response to an invitation for quotations
What is the federal policy on standards of conduct?
a. The general rule is to avoid strictly any conflict of interest
except for token gifts or gratuities in government-contractor
relationships.
b. The general rule is to avoid strictly any conflict in government-
contractor relationships.
c. The general rule is to avoid strictly any conflict of interest or
even the appearance of a conflict of interest in government-
contract relationships.
d. The general rule is to avoid conflict of interest in government-
contractor relationships, unless a full public disclosure is made.
Ans: c. The general rule is to avoid strictly any conflict of interest or
even the appearance of a conflict of interest in government-contract
relationships.
The Kickbacks statute forbids a subcontractor from doing what?
a. Accepting a payment from a prime contractor for any reason
b. Misrepresenting a contingent fee arrangement
© 2025 All rights reserved
, 3 | Page
c. Submitting an offer below anticipated costs, expecting to
increase the contract amount after award
d. Making a payment for the purpose of obtaining favorable
treatment in connection with a prime contract or a subcontract
relating to a prime contract
Ans: d. Making a payment for the purpose of obtaining favorable
treatment in connection with a prime contract or a subcontract relating
to a prime contract
Which of the following would be buying-in?
a. Submitting an offer at negotiated costs to receive follow-on
contracts at artificially high prices
b. Submitting an offer below negotiated costs with the expectation
of decreasing the contract amount after award
c. Submitting an offer below anticipated costs to receive follow-on
contracts at artificially high prices
d. Submitting an offer above anticipated costs with the
expectation of decreasing the contract amount after award
Ans: c. Submitting an offer below anticipated costs to receive follow-on
contracts at artificially high prices
The federal government shall use electronic commerce:
a. For all transactions above the simplified acquisition threshold.
b. As long as signatures are not provided electronically.
c. Only if there is no risk of loss or misuse of the information.
d. Whenever it is practicable or cost-effective.
Ans: d. Whenever it is practicable or cost-effective.
Contractors must retain all records pertaining to a government
contract for a minimum of ____________ from the date final
payment is made under the contract.
a. Six years
b. Three years
c. Ten years
d. One year
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Ans: b. Three years
A prospective contractor would be obligated to register in the
System for Award Management database prior to contract award in
which of the following cases?
a. A contract with an individual for performance outside the
United States and its outlying areas
b. A micropurchase using the electronic funds transfer method
for payment
c. A contract awarded by a deployed contracting officer in the
course of military operations
d. A contract for emergency operations in response to a natural
disaster
Ans: b. A micropurchase using the electronic funds transfer method for
payment
Which of the following is correct about the FAR citation 15.506(a)?
a. 15 is the part, 5 is the subpart, 06 is the section, and a is the
paragraph.
b. 1 is the part, 5 is the subpart, 506 is the section, and a is the
paragraph.
c. 15 is the part, 50 is the subpart, 6 is the section, and a is the
paragraph.
d. 15 is the part, 5 is the subpart, 06 is the paragraph, and a is the
sentence.
Ans: a. 15 is the part, 5 is the subpart, 06 is the section, and a is the
paragraph.
visions to the FAR will be prepared and issued through the
coordinated action of:
a. The General Services Administration and the FAR Secretariat.
b. The FAR Revisions Board and the FAR Secretariat.
c. The Defense Logistics Agency and the General Services
Administration.
d. The Defense Acquisition Regulations Council and the Civilian
Acquisition Council.
© 2025 All rights reserved
