CFCM- Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 exams CFCM- Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 exams
with correct answers 2025 with correct answers 2025
Who does the FAR apply to? - answer-all execu ve authority/responsibility to contract for for authorized
agencies supplies/services are vested in ____ - answer-agency
head
Acquisi on Team - answer-all par cipants in
government acquisi on (including contractors and what type of COs are selected and appointed? -
customers) answer-those below the level of a head of a contrac ng
ac vity
Devia on - answer-issuance of a policy, etc.
inconsistent or not authorized by FAR how o en are dollar thresholds in the FAR for infla on?
- answer-once every 5 years
Who is FAR maintained by? - answer-o GSA
o Secretary of Defense delegable authority - answer-each authority is
delegable unless specifically stated otherwise
o NASA Administrator
Numbering scheme - answer-Part.SubpartSec on-
Who handles FAR revisions? - answer-o DAR council
Subsec on(paragraph)
o CAA council
Example: 9.106-4(d) is Part 9, Subpart 1, Sec on 06,
Who prints, publishes, and distributes the FAR? - Subsec on 4, Paragraph D
answer-FAR secretariat
Part 2 - answer-Defini ons
,CFCM- Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 exams CFCM- Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 exams
with correct answers 2025 with correct answers 2025
prerequisite to taking certain contract ac ons, based
CO responsibili es - answer-o Only one allowed to on fact or ra onale that covers FAR statute/regula ons
enter into contracts on behalf of the government
o Administer or terminate contract Acquisi on defini on - answer-acquiring by contract
o Ensure all legal requirements have been met before with appropriated funds of supplies or services by and
entering into contract for the use of the federal government via purchase
o Ensuring performance and compliance with contract
o Assign a COR to assist with the monitoring and Begins when the agency need is established
administra on of CO (COR does not have authority to
make major decisions that affect the contract) Acquisi on Plan defini on - answer-process by which
efforts of all personnel responsible for an acquisi on
Unauthorized Commi ment - answer-CO makes a are coordinated and integrated through a plan for
commitment on behalf of the government without the fulfilling the agency need in a mely manner and at a
authority reasonable cost
Ra fica on - answer-approving an unauthorized Best Value defini on - answer-expected outcome of an
commitment by an official who has the authority to do acquisi on that provides the greatest overall benefit in
so response to the requirement in the government's
es mate
Determina on and Findings - answer-a special form of
wri en approval by an authorized official as a Best Value con nuum= ranges from lowest price
acceptable to tradeoff analysis
, CFCM- Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 exams CFCM- Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 exams
with correct answers 2025 with correct answers 2025
Contract defini on - answer-a mutually binding legal
Commercial Item defini on - answer-any item other rela onship obliga ng the seller to furnish the supplies
than real property used for non-government purposes or services and the buyer to pay for them
and has been sold, leased, or licenses (or offered to be)
to the general public things that are considered to be contracts - answer--
bilateral instruments
note- can be a nondevelopmental item that has been - ordering agreements
developed exclusively at private expense on a - le er contracts
compe ve basis to mul ple state and local
- orders
governments
- bilateral contract mods
Nondevelopmental Item defini on - answer-any
previously developed item of supply used exclusively NOT grants or coopera ve agreements!
for government purposes by a government en ty that
has a mutual defense coopera on agreement
Are grants and coopera ve agreements contracts? -
answer-No
Difference between Commercial and
Nondevelopmental Item - answer-commercial item is
Contrac ng Officer (CO) defini on - answer-a person
available to both government and general public,
with the authority to enter into, administer, and/or
whereas nondevelopmental Item is only for the
terminate contracts and make related determina ons
government
and findings
with correct answers 2025 with correct answers 2025
Who does the FAR apply to? - answer-all execu ve authority/responsibility to contract for for authorized
agencies supplies/services are vested in ____ - answer-agency
head
Acquisi on Team - answer-all par cipants in
government acquisi on (including contractors and what type of COs are selected and appointed? -
customers) answer-those below the level of a head of a contrac ng
ac vity
Devia on - answer-issuance of a policy, etc.
inconsistent or not authorized by FAR how o en are dollar thresholds in the FAR for infla on?
- answer-once every 5 years
Who is FAR maintained by? - answer-o GSA
o Secretary of Defense delegable authority - answer-each authority is
delegable unless specifically stated otherwise
o NASA Administrator
Numbering scheme - answer-Part.SubpartSec on-
Who handles FAR revisions? - answer-o DAR council
Subsec on(paragraph)
o CAA council
Example: 9.106-4(d) is Part 9, Subpart 1, Sec on 06,
Who prints, publishes, and distributes the FAR? - Subsec on 4, Paragraph D
answer-FAR secretariat
Part 2 - answer-Defini ons
,CFCM- Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 exams CFCM- Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 exams
with correct answers 2025 with correct answers 2025
prerequisite to taking certain contract ac ons, based
CO responsibili es - answer-o Only one allowed to on fact or ra onale that covers FAR statute/regula ons
enter into contracts on behalf of the government
o Administer or terminate contract Acquisi on defini on - answer-acquiring by contract
o Ensure all legal requirements have been met before with appropriated funds of supplies or services by and
entering into contract for the use of the federal government via purchase
o Ensuring performance and compliance with contract
o Assign a COR to assist with the monitoring and Begins when the agency need is established
administra on of CO (COR does not have authority to
make major decisions that affect the contract) Acquisi on Plan defini on - answer-process by which
efforts of all personnel responsible for an acquisi on
Unauthorized Commi ment - answer-CO makes a are coordinated and integrated through a plan for
commitment on behalf of the government without the fulfilling the agency need in a mely manner and at a
authority reasonable cost
Ra fica on - answer-approving an unauthorized Best Value defini on - answer-expected outcome of an
commitment by an official who has the authority to do acquisi on that provides the greatest overall benefit in
so response to the requirement in the government's
es mate
Determina on and Findings - answer-a special form of
wri en approval by an authorized official as a Best Value con nuum= ranges from lowest price
acceptable to tradeoff analysis
, CFCM- Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 exams CFCM- Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 exams
with correct answers 2025 with correct answers 2025
Contract defini on - answer-a mutually binding legal
Commercial Item defini on - answer-any item other rela onship obliga ng the seller to furnish the supplies
than real property used for non-government purposes or services and the buyer to pay for them
and has been sold, leased, or licenses (or offered to be)
to the general public things that are considered to be contracts - answer--
bilateral instruments
note- can be a nondevelopmental item that has been - ordering agreements
developed exclusively at private expense on a - le er contracts
compe ve basis to mul ple state and local
- orders
governments
- bilateral contract mods
Nondevelopmental Item defini on - answer-any
previously developed item of supply used exclusively NOT grants or coopera ve agreements!
for government purposes by a government en ty that
has a mutual defense coopera on agreement
Are grants and coopera ve agreements contracts? -
answer-No
Difference between Commercial and
Nondevelopmental Item - answer-commercial item is
Contrac ng Officer (CO) defini on - answer-a person
available to both government and general public,
with the authority to enter into, administer, and/or
whereas nondevelopmental Item is only for the
terminate contracts and make related determina ons
government
and findings
