CFCM STUDY GUIDE PRACTICE QUESTIONS
AND DETAILED SOLUTIONS
◉ How is the publication of a paid advertisement in a newspaper
authorized?
Answer: By the head of the agency, by giving written authorization
◉ The unilateral right in a contract by which the Government may
elect to purchase additional supplies or services called for by the
contract is called what?
Answer: Option
◉ If a prospective contractor is qualified and eligible to receive an
award, but lacks adequate financial resources to perform the
contract, can the contractor be determined responsible?
Answer: If the contractor presents evidence of the ability to obtain
adequate financial resources, the contractor may be determined
responsible
◉ What are methods for simplified acquisition?
Answer: Blanket purchase agreement, Governmentwide commerica
lpurchase card, Purchase Order
,◉ For a contract exceeding the simplified acquisition threshold, an
offeror (other than an individual) that does not agree to provide a
drug-free workplace is what?
Answer: Not considered a responsible source
◉ What law specifies how agencies shall make their records
available upon public request, imposes strict time standards for
agency responses, and exempts certain records from public
disclosure?
Answer: Freedom of Information Act
◉ Who is responsible for printing, publishing, and distributing the
Federal Acquisition Regulation?
Answer: The FAR Secretariat, as authorized by GSA
◉ Which FAR Part prescribes policies and procedures unique to the
acquisition of commercial items?
Answer: FAR Part 12
◉ Which of the following is necessarily true about a cost that is
assignable or chargeable to one or most cost objectives on the basis
of relative benefits received or other equitable relationship?
Answer: The cost is allocable
, ◉ A mineral required for production in performance of a contract is
not mined in the United States, but can be acquired from another
country. How does the Buy American statute apply in this case?
Answer: The mineral may be acquired from a foreign source if it is in
the best interest of the Government
◉ When it is in the best interest of the Government to consider
award to other than the highest technically rated offeror, which of
the following should the Government use to select the source?
Answer: A tradeoff process
◉ The obtaining of opinions, special knowledge, or skills from noted
experts would be included in what kind of service?
Answer: Advisory and assistance service
◉ Who is authorized to execute contract modifications on behalf of
the Government?
Answer: Only a contracting officer acting within the scope of his or
her authority
◉ Which FAR part prescribes policies and procedures for
contracting for supplies and services under the Federal Supply
Schedule program?
Answer: Part 38
AND DETAILED SOLUTIONS
◉ How is the publication of a paid advertisement in a newspaper
authorized?
Answer: By the head of the agency, by giving written authorization
◉ The unilateral right in a contract by which the Government may
elect to purchase additional supplies or services called for by the
contract is called what?
Answer: Option
◉ If a prospective contractor is qualified and eligible to receive an
award, but lacks adequate financial resources to perform the
contract, can the contractor be determined responsible?
Answer: If the contractor presents evidence of the ability to obtain
adequate financial resources, the contractor may be determined
responsible
◉ What are methods for simplified acquisition?
Answer: Blanket purchase agreement, Governmentwide commerica
lpurchase card, Purchase Order
,◉ For a contract exceeding the simplified acquisition threshold, an
offeror (other than an individual) that does not agree to provide a
drug-free workplace is what?
Answer: Not considered a responsible source
◉ What law specifies how agencies shall make their records
available upon public request, imposes strict time standards for
agency responses, and exempts certain records from public
disclosure?
Answer: Freedom of Information Act
◉ Who is responsible for printing, publishing, and distributing the
Federal Acquisition Regulation?
Answer: The FAR Secretariat, as authorized by GSA
◉ Which FAR Part prescribes policies and procedures unique to the
acquisition of commercial items?
Answer: FAR Part 12
◉ Which of the following is necessarily true about a cost that is
assignable or chargeable to one or most cost objectives on the basis
of relative benefits received or other equitable relationship?
Answer: The cost is allocable
, ◉ A mineral required for production in performance of a contract is
not mined in the United States, but can be acquired from another
country. How does the Buy American statute apply in this case?
Answer: The mineral may be acquired from a foreign source if it is in
the best interest of the Government
◉ When it is in the best interest of the Government to consider
award to other than the highest technically rated offeror, which of
the following should the Government use to select the source?
Answer: A tradeoff process
◉ The obtaining of opinions, special knowledge, or skills from noted
experts would be included in what kind of service?
Answer: Advisory and assistance service
◉ Who is authorized to execute contract modifications on behalf of
the Government?
Answer: Only a contracting officer acting within the scope of his or
her authority
◉ Which FAR part prescribes policies and procedures for
contracting for supplies and services under the Federal Supply
Schedule program?
Answer: Part 38
