CFCM Questions: ULTIMATE STUDY GUIDE Questions with Correct Answers| Latest Update
Guaranteed Success
The Federal Acquisition System was established for the codification and publication of uniform
policies and procedures for acquisition by all legislative agencies. True or False? False. " . .
.for acquisition by all EXECUTIVE agencies."
FAR 1.1
What is the primary document (and agency regulations that implement or supplement this
document) of the Federal Acquisition Regulations System?
a. Code of Federal Regulations (CFR)
b. The Defense Acquisition Regulations (DAR)
c. The U.S. Code (U.S.C.)
d. The Federal Acquisition Regulation (FAR) d. The Federal Acquisition Regulation (FAR)
FAR 1.1
The Statement of Guiding Principles, or vision for the Federal Acquisition System, includes all of
the following EXCEPT:
a. to deliver on a timely basis the best value product or service to the customer
b. to maintain the public's trust and fulfill public policy objectives
c. to ensure that participants in the acquisition process should work together as a team and be
empowered to make decision in their area of responsibility
d. to ensure that the government maintains strict control and punitive rights against
contractors who do not perform to the requirements of the FAR d. to ensure that the
government maintains strict control and punitive rights against contractors who do not perform
to the requirements of the FAR.
,FAR 1.102
The Federal Acquisition system will do all of the following EXCEPT:
a. satisfy the contractors in terms of profit, relationships and repeat orders for products or
services
b. minimize administrative operating costs
c. conduct business with integrity, fairness and openness.
d. fulfill public policy objectives. a. satisfy the contractors in terms of profit, relationships
and repeat orders for products or services
SHOULD BE "Satisfy the customer in terms of cost, quality and timliness of the delivered
product or service."
FAR 1.102-2
The Acquisition Team consists of the head of the agency, the head of contracting authority
(HCA), the contracting officer (CO), the contracting officer representative (COR), and those
approved by statute or authorized to make micro-purchases. True or False? False. The
Acquisition Team consists of ALL participants in a government acquisition, including not only
representatives of the technical, supply and procurement communities, but also the customers
they serve and the contractors who provide the products and services.
FAR 1.102-3
In order to ensure that members of the Acquisition team are empowered to make decisions
and act within their areas of responsibility consistent with the Guiding Principles, authority and
accountability will be delegated to
a. the CO, to be further delegated in writing.
,b. the head of the agency, to be further delegated in writing.
c. the lowest level allowed by law.
d. the CO only. c. the lowest level allowed by law.
FAR 1.102-4
The government is committed to providing training and resources to maintain and improve the
knowledge, skills, and ability of its team members and encourages contractors to provide the
same resources to its members as a way to encourage a cooperative relationship between the
government and contractors consistent with its responsibility to
a. the executive agencies being supported.
b. the taxpayers.
c. the contracting community.
d. all of the above.
e. none of the above. b. the taxpayers.
FAR 1.102-4
If a policy, procedure, strategy or practice is in the best interest of the government and is not
specifically addressed in the FAR or prohibited by law, executive order or regulation,
government members should assume it is prohibited until receipt of approval from the head of
contracting authority (HCA). True or False? False. Absence of direction should be interpreted
as permitting the team to innovate and use sound business judgement that is consistent with
law and within the limits of their authority.
FAR 1.102-4
, If a policy, procedure, strategy or practice is in the best interest of the government and is not
specifically addressed in the FAR or prohibited by law, executive order or regulation,
government members should assume that absence of direction should be interpreted as
a. permitting.
b. a chance to innovate.
c. a chance to use sound business judgement that is consistent with law.
d. all of the above, within the limits of their authority.
e. all of the above, with approval of the HCA and/or CO. d. all of the above, within the limits
of their authority.
FAR 1.102-4
CO's should defer the head of the agency or head of contracting authority to take the lead in
encouraging business process innovation and ensuring sound business decisions are made. True
or False? False. CO's have the authority to take the lead.
FAR 1.102-4
The FAR is prepared, issued, and maintained and the FAR System prescribed by all of the
following EXCEPT:
a. The Secretary of Defense
b. The Administrator of General Services
c. NASA, under their several statutory authorities
d. The Secretary of State under their several statutory authorities d. The Secretary of State
under their several statutory authorities
FAR 1.103
Guaranteed Success
The Federal Acquisition System was established for the codification and publication of uniform
policies and procedures for acquisition by all legislative agencies. True or False? False. " . .
.for acquisition by all EXECUTIVE agencies."
FAR 1.1
What is the primary document (and agency regulations that implement or supplement this
document) of the Federal Acquisition Regulations System?
a. Code of Federal Regulations (CFR)
b. The Defense Acquisition Regulations (DAR)
c. The U.S. Code (U.S.C.)
d. The Federal Acquisition Regulation (FAR) d. The Federal Acquisition Regulation (FAR)
FAR 1.1
The Statement of Guiding Principles, or vision for the Federal Acquisition System, includes all of
the following EXCEPT:
a. to deliver on a timely basis the best value product or service to the customer
b. to maintain the public's trust and fulfill public policy objectives
c. to ensure that participants in the acquisition process should work together as a team and be
empowered to make decision in their area of responsibility
d. to ensure that the government maintains strict control and punitive rights against
contractors who do not perform to the requirements of the FAR d. to ensure that the
government maintains strict control and punitive rights against contractors who do not perform
to the requirements of the FAR.
,FAR 1.102
The Federal Acquisition system will do all of the following EXCEPT:
a. satisfy the contractors in terms of profit, relationships and repeat orders for products or
services
b. minimize administrative operating costs
c. conduct business with integrity, fairness and openness.
d. fulfill public policy objectives. a. satisfy the contractors in terms of profit, relationships
and repeat orders for products or services
SHOULD BE "Satisfy the customer in terms of cost, quality and timliness of the delivered
product or service."
FAR 1.102-2
The Acquisition Team consists of the head of the agency, the head of contracting authority
(HCA), the contracting officer (CO), the contracting officer representative (COR), and those
approved by statute or authorized to make micro-purchases. True or False? False. The
Acquisition Team consists of ALL participants in a government acquisition, including not only
representatives of the technical, supply and procurement communities, but also the customers
they serve and the contractors who provide the products and services.
FAR 1.102-3
In order to ensure that members of the Acquisition team are empowered to make decisions
and act within their areas of responsibility consistent with the Guiding Principles, authority and
accountability will be delegated to
a. the CO, to be further delegated in writing.
,b. the head of the agency, to be further delegated in writing.
c. the lowest level allowed by law.
d. the CO only. c. the lowest level allowed by law.
FAR 1.102-4
The government is committed to providing training and resources to maintain and improve the
knowledge, skills, and ability of its team members and encourages contractors to provide the
same resources to its members as a way to encourage a cooperative relationship between the
government and contractors consistent with its responsibility to
a. the executive agencies being supported.
b. the taxpayers.
c. the contracting community.
d. all of the above.
e. none of the above. b. the taxpayers.
FAR 1.102-4
If a policy, procedure, strategy or practice is in the best interest of the government and is not
specifically addressed in the FAR or prohibited by law, executive order or regulation,
government members should assume it is prohibited until receipt of approval from the head of
contracting authority (HCA). True or False? False. Absence of direction should be interpreted
as permitting the team to innovate and use sound business judgement that is consistent with
law and within the limits of their authority.
FAR 1.102-4
, If a policy, procedure, strategy or practice is in the best interest of the government and is not
specifically addressed in the FAR or prohibited by law, executive order or regulation,
government members should assume that absence of direction should be interpreted as
a. permitting.
b. a chance to innovate.
c. a chance to use sound business judgement that is consistent with law.
d. all of the above, within the limits of their authority.
e. all of the above, with approval of the HCA and/or CO. d. all of the above, within the limits
of their authority.
FAR 1.102-4
CO's should defer the head of the agency or head of contracting authority to take the lead in
encouraging business process innovation and ensuring sound business decisions are made. True
or False? False. CO's have the authority to take the lead.
FAR 1.102-4
The FAR is prepared, issued, and maintained and the FAR System prescribed by all of the
following EXCEPT:
a. The Secretary of Defense
b. The Administrator of General Services
c. NASA, under their several statutory authorities
d. The Secretary of State under their several statutory authorities d. The Secretary of State
under their several statutory authorities
FAR 1.103
