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CFCM Exam Questions and Answers 100% Pass |Verified & Updated|ACTUAL 2025/2026 Cheat Sheet

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CFCM Exam Questions and Answers 100% Pass |Verified & Updated|ACTUAL 2025/2026 Cheat Sheet

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Terms in this set (590)


a seller which has been found capable and has the
Responsible Source resources and skills necessary to satisfy contractual
requirements

Who does the FAR apply all executive agencies
to?

agency typically Office of Management and Budget
responsible for auditing
the contractors that are
non-profits and
educational institutions

all participants in government acquisition (including
Acquisition Team
contractors and customers)

issuance of a policy, etc. inconsistent or not
Deviation
authorized by FAR

o GSA
Who is FAR maintained
o Secretary of Defense
by?
o NASA Administrator

Who handles FAR o DAR council
revisions? o CAA council

Who prints, publishes, FAR secretariat
and distributes the FAR?

how often are dollar once every 5 years
thresholds in the FAR for
inflation?

, Part.SubpartSection-Subsection(paragraph)

Numbering scheme
Example: 9.106-4(d) is Part 9, Subpart 1, Section 06,
Subsection 4, Paragraph D

What Part are the FAR Part 2
definitions?

o Only one allowed to enter into contracts on
behalf of the government
o Administer or terminate contract
o Ensure all legal requirements have been met
before entering into contract
CO responsibilities
o Ensuring performance and compliance with
contract
o Assign a COR to assist with the monitoring and
administration of CO (COR does not have authority
to make major decisions that affect the contract)

Unauthorized CO makes a commitment on behalf of the
Committment government without the authority

approving an unauthorized commitment by an
Ratification
official who has the authority to do so

a special form of written approval by an authorized
Determination and official as a prerequisite to taking certain contract
Findings actions, based on fact or rationale that covers FAR
statute/regulations

acquiring by contract with appropriated funds of
supplies or services by and for the use of the
Acquisition definition federal government via purchase


Begins when the agency need is established

process by which efforts of all personnel
Acquisition Plan responsible for an acquisition are coordinated and
definition integrated through a plan for fulfilling the agency
need in a timely manner and at a reasonable cost

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