CFCM Final Review Questions with Correct Answers| Latest Update Guaranteed Success
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. 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. 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 d. Bundling
The standard micropurchase threshold is:
a. $3,500
b. $2,000
,c. $2,500
d. $3,000 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
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. 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
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 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 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. 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 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 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. 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. d. The
Defense Acquisition Regulations Council and the Civilian Acquisition Council.
Which of the following best describes an "unauthorized commitment"?
a. An agreement that is binding because the government representative who made it appeared
to have the authority to enter into that agreement on behalf of the government.
b. An agreement which is not binding solely because the government representative who made
it lacked the authority to enter into that agreement.
c. An agreement which is not binding because the individual who made it was not a
government representative.
d. A special form of written approval that is required by statute or regulation. b. An
agreement which is not binding solely because the government representative who made it
lacked the authority to enter into that agreement.
The Federal Acquisition Regulations system was established for the codification and publication
of uniform policies and procedures for which of the following?
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. 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. 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 d. Bundling
The standard micropurchase threshold is:
a. $3,500
b. $2,000
,c. $2,500
d. $3,000 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
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. 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
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 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 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. 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 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 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. 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. d. The
Defense Acquisition Regulations Council and the Civilian Acquisition Council.
Which of the following best describes an "unauthorized commitment"?
a. An agreement that is binding because the government representative who made it appeared
to have the authority to enter into that agreement on behalf of the government.
b. An agreement which is not binding solely because the government representative who made
it lacked the authority to enter into that agreement.
c. An agreement which is not binding because the individual who made it was not a
government representative.
d. A special form of written approval that is required by statute or regulation. b. An
agreement which is not binding solely because the government representative who made it
lacked the authority to enter into that agreement.
The Federal Acquisition Regulations system was established for the codification and publication
of uniform policies and procedures for which of the following?
