CFCM NCMA PREP QUESTIONS COMPLETE
SOLUTIONS 2026 STUDY GUIDE
CERTIFICATION GRADED A+
⩥ Advance Agreements should not be negotiated.
Answer: after the incurrence of the costs involved.
⩥ Under the Assignment of Claims Act, a contractor may assign moneys
due or to become due under a contract if it meets all but which of the
following?.
Answer: The contract specifies payments aggregating $100,000 or more.
⩥ Individuals delegated micro-purchase authority do not need to be.
Answer: appointed in an SF 1402
⩥ Advisory and assistance services are classified in all of the following
subdivisions except.
Answer: construction.
⩥ A foreign end product may be purchased under the Buy American Act
if.
Answer: the price of the lowest domestic offer is determined to be
unreasonable by the CO.
,⩥ The threshold which must be exceeded before purchases of services
become subject to the Service Contract Act is.
Answer: $2,500
⩥ Which of the following examples is considered to be an inherently
governmental function?.
Answer: approving contractual documents
⩥ If market research indicates commercial or nondevelopmental items
might not be available to satisfy agency needs, agencies shall next:.
Answer: determine whether the need can be restated to permit
commercial or nondevelopmental items to satisfy the agency's needs.
⩥ Which is NOT one of the seven exceptions to full and open
competition?.
Answer: Approval by the Agency Head
⩥ If the delivery schedule is based on the date of the contract, the
contracting officer shall mail or otherwise furnish to the contractor the
contract, notice of award, acceptance of proposal or other contract
document.
Answer: not later than the date of the contract.
,⩥ Liquidated damages are typically assessed.
Answer: per calendar day.
⩥ Cost Accounting Standards apply to commercial item contracts when
they are.
Answer: fixed price with economic price adjustment based on actual
costs.
⩥ An indefinite-quantity contract is best used when:.
Answer: a recurring need is anticipated
⩥ _______________________ is a Department of Commerce regulation
in support of approved national defense, emergency preparedness, and
energy programs, and the Secretary of Commerce is designated to
administer it..
Answer: Defense Priorities and Allocations System
⩥ Under Sealed Bidding, a bid sample will be used to:.
Answer: determine responsiveness of the bid.
⩥ Which type of the cost reimbursement contract is the least preferred
type due to its minimum incentive for the contractor to control cost?.
Answer: cost plus fixed fee
, ⩥ According to FAR 13.003, Policy for Simplified Acquisition
Procedures, which of the following is correct?.
Answer: Agencies shall use the government-wide commercial purchase
card and electronic purchasing techniques to the maximum practicable in
conducting simplified acquisitions.
⩥ Which of the following must be evaluated in every source selection?.
Answer: Price or cost to the government
⩥ In what FAR Part will you find rules and policy on foreign
acquisitions?.
Answer: FAR Part 25
⩥ The Miller Act requires:.
Answer: a performance and payment bond for construction contracts
over $150,000
⩥ Under what type of contract might the seller never have to perform
any services or provide any deliveries?.
Answer: Requirements contract.
⩥ A termination for convenience should not normally be issued if the
undelivered balance of the contract is less than:.
Answer: $5,000
SOLUTIONS 2026 STUDY GUIDE
CERTIFICATION GRADED A+
⩥ Advance Agreements should not be negotiated.
Answer: after the incurrence of the costs involved.
⩥ Under the Assignment of Claims Act, a contractor may assign moneys
due or to become due under a contract if it meets all but which of the
following?.
Answer: The contract specifies payments aggregating $100,000 or more.
⩥ Individuals delegated micro-purchase authority do not need to be.
Answer: appointed in an SF 1402
⩥ Advisory and assistance services are classified in all of the following
subdivisions except.
Answer: construction.
⩥ A foreign end product may be purchased under the Buy American Act
if.
Answer: the price of the lowest domestic offer is determined to be
unreasonable by the CO.
,⩥ The threshold which must be exceeded before purchases of services
become subject to the Service Contract Act is.
Answer: $2,500
⩥ Which of the following examples is considered to be an inherently
governmental function?.
Answer: approving contractual documents
⩥ If market research indicates commercial or nondevelopmental items
might not be available to satisfy agency needs, agencies shall next:.
Answer: determine whether the need can be restated to permit
commercial or nondevelopmental items to satisfy the agency's needs.
⩥ Which is NOT one of the seven exceptions to full and open
competition?.
Answer: Approval by the Agency Head
⩥ If the delivery schedule is based on the date of the contract, the
contracting officer shall mail or otherwise furnish to the contractor the
contract, notice of award, acceptance of proposal or other contract
document.
Answer: not later than the date of the contract.
,⩥ Liquidated damages are typically assessed.
Answer: per calendar day.
⩥ Cost Accounting Standards apply to commercial item contracts when
they are.
Answer: fixed price with economic price adjustment based on actual
costs.
⩥ An indefinite-quantity contract is best used when:.
Answer: a recurring need is anticipated
⩥ _______________________ is a Department of Commerce regulation
in support of approved national defense, emergency preparedness, and
energy programs, and the Secretary of Commerce is designated to
administer it..
Answer: Defense Priorities and Allocations System
⩥ Under Sealed Bidding, a bid sample will be used to:.
Answer: determine responsiveness of the bid.
⩥ Which type of the cost reimbursement contract is the least preferred
type due to its minimum incentive for the contractor to control cost?.
Answer: cost plus fixed fee
, ⩥ According to FAR 13.003, Policy for Simplified Acquisition
Procedures, which of the following is correct?.
Answer: Agencies shall use the government-wide commercial purchase
card and electronic purchasing techniques to the maximum practicable in
conducting simplified acquisitions.
⩥ Which of the following must be evaluated in every source selection?.
Answer: Price or cost to the government
⩥ In what FAR Part will you find rules and policy on foreign
acquisitions?.
Answer: FAR Part 25
⩥ The Miller Act requires:.
Answer: a performance and payment bond for construction contracts
over $150,000
⩥ Under what type of contract might the seller never have to perform
any services or provide any deliveries?.
Answer: Requirements contract.
⩥ A termination for convenience should not normally be issued if the
undelivered balance of the contract is less than:.
Answer: $5,000
