11/7/24, 9:42 AM 2024 Newest|CFCM Prep|2024-2025 UPDATE|COMPREHENSIVE FREQUENTLY MOST TESTED QUESTIONS AND VERIFI…
2024 Newest|CFCM Prep|2024-2025
UPDATE|COMPREHENSIVE FREQUENTLY MOST
TESTED QUESTIONS AND VERIFIED
ANSWERS|GET IT 100% ACCURATE!!
Practice questions for this set
Learn 1 /7 Study with Learn
(b) $4,000,000
(FAR 5.303)
Give this one a try later!
Which of the following is a commercial item?
(a) A nondevelopmental item, if the procuring agency determines the item was
developed exclusively at private expense and sold in substantial quantities, on a
competitive basis, to multiple state and local governments
1
(b) An item that evolved from an item that has not been sold to the general public
(c) A commercial item that has received modfications not available in the
commercial marketplace
(d) A nondevelopment item used exclusively for governmental purposes
The CO shall review the contractor's request for overtime. CO approval is required
for which of the following contract types(s):
(a) Cost Reimbursable Contracts
2
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,11/7/24, 9:42 AM 2024 Newest|CFCM Prep|2024-2025 UPDATE|COMPREHENSIVE FREQUENTLY MOST TESTED QUESTIONS AND VERIFI…
(b) Incentive and Award Fee Contracts
(c) Time and Material and Labor Hour Contracts
(d) Fixed Price Contracts
The responsibility for selecting the appropriate type of contract for an R&D
requirement belongs to the:
(a) Program manager
3
(b) Contracting officer
(c) Acquisition manager
(d) R&D chief
What is the dollar threshold for public announcement of contract awards?
(a) $500,000
(b) $4,000,000
(c) $5,000,000
(d) $10,000,000
Don't know?
Terms in this set (157)
How often are statutory (c) Every five years
acquisition-related dollar
thresholds in the FAR (FAR 1.109)
adjusted for inflation?
(a) Annually
(b) Bi-annually
(c) Every five years
(d) Only as required
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,11/7/24, 9:42 AM 2024 Newest|CFCM Prep|2024-2025 UPDATE|COMPREHENSIVE FREQUENTLY MOST TESTED QUESTIONS AND VERIFI…
A form of written (b) Determination and Findings
approval signed by an
authorized official that is (FAR 1.701)
required by statute or
regulation as a
prerequisite to taking
certain contract actions is
defined as:
(a) A ratification
(b) Determination and
Findings
(c) The Contracting
Officer's Final Decision
(d) A waiver
Contracting officers (d) A head of contracting activity
below the level of
_______________ shall be (FAR 1.601)
selected and appointed.
(a) Cabinet secretary
(b) Director of
contracting
(c) A flag officer or
member of the Senior
Executive Service
(d) A head of contracting
activity
The simplified acquisition (c) $1 million
threshold for any
contract in support of (FAR 2.101)
contingency operations
to be awarded an
performed, or purchase
to be made, outside the
U.S. is:
(a) $150,000
(b) $300,000
(c) $1 million
(d) $1.5 million
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, 11/7/24, 9:42 AM 2024 Newest|CFCM Prep|2024-2025 UPDATE|COMPREHENSIVE FREQUENTLY MOST TESTED QUESTIONS AND VERIFI…
Which of the following is (a) A nondevelopmental item, if the procuring
a commercial item? agency determines the item was developed
(a) A nondevelopmental exclusively at private expense and sold in
item, if the procuring substantial quantities, on a competitive basis, to
agency determines the multiple state and local governments
item was developed
exclusively at private (FAR 2.101)
expense and sold in
substantial quantities, on
a competitive basis, to
multiple state and local
governments
(b) An item that evolved
from an item that has not
been sold to the general
public
(c) A commercial item
that has received
modfications not
available in the
commercial marketplace
(d) A nondevelopment
item used exclusively for
governmental purposes
Consolidating two or (c) Bundling
more requirements for
supplies or services, (FAR 2.101)
previously provided or
performed under
separate smaller
contracts, into a
solicitation for a single
contract is defined as:
(a) Combining
(b) Consolidating
(c) Bundling
(d) Mixing
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2024 Newest|CFCM Prep|2024-2025
UPDATE|COMPREHENSIVE FREQUENTLY MOST
TESTED QUESTIONS AND VERIFIED
ANSWERS|GET IT 100% ACCURATE!!
Practice questions for this set
Learn 1 /7 Study with Learn
(b) $4,000,000
(FAR 5.303)
Give this one a try later!
Which of the following is a commercial item?
(a) A nondevelopmental item, if the procuring agency determines the item was
developed exclusively at private expense and sold in substantial quantities, on a
competitive basis, to multiple state and local governments
1
(b) An item that evolved from an item that has not been sold to the general public
(c) A commercial item that has received modfications not available in the
commercial marketplace
(d) A nondevelopment item used exclusively for governmental purposes
The CO shall review the contractor's request for overtime. CO approval is required
for which of the following contract types(s):
(a) Cost Reimbursable Contracts
2
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,11/7/24, 9:42 AM 2024 Newest|CFCM Prep|2024-2025 UPDATE|COMPREHENSIVE FREQUENTLY MOST TESTED QUESTIONS AND VERIFI…
(b) Incentive and Award Fee Contracts
(c) Time and Material and Labor Hour Contracts
(d) Fixed Price Contracts
The responsibility for selecting the appropriate type of contract for an R&D
requirement belongs to the:
(a) Program manager
3
(b) Contracting officer
(c) Acquisition manager
(d) R&D chief
What is the dollar threshold for public announcement of contract awards?
(a) $500,000
(b) $4,000,000
(c) $5,000,000
(d) $10,000,000
Don't know?
Terms in this set (157)
How often are statutory (c) Every five years
acquisition-related dollar
thresholds in the FAR (FAR 1.109)
adjusted for inflation?
(a) Annually
(b) Bi-annually
(c) Every five years
(d) Only as required
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,11/7/24, 9:42 AM 2024 Newest|CFCM Prep|2024-2025 UPDATE|COMPREHENSIVE FREQUENTLY MOST TESTED QUESTIONS AND VERIFI…
A form of written (b) Determination and Findings
approval signed by an
authorized official that is (FAR 1.701)
required by statute or
regulation as a
prerequisite to taking
certain contract actions is
defined as:
(a) A ratification
(b) Determination and
Findings
(c) The Contracting
Officer's Final Decision
(d) A waiver
Contracting officers (d) A head of contracting activity
below the level of
_______________ shall be (FAR 1.601)
selected and appointed.
(a) Cabinet secretary
(b) Director of
contracting
(c) A flag officer or
member of the Senior
Executive Service
(d) A head of contracting
activity
The simplified acquisition (c) $1 million
threshold for any
contract in support of (FAR 2.101)
contingency operations
to be awarded an
performed, or purchase
to be made, outside the
U.S. is:
(a) $150,000
(b) $300,000
(c) $1 million
(d) $1.5 million
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, 11/7/24, 9:42 AM 2024 Newest|CFCM Prep|2024-2025 UPDATE|COMPREHENSIVE FREQUENTLY MOST TESTED QUESTIONS AND VERIFI…
Which of the following is (a) A nondevelopmental item, if the procuring
a commercial item? agency determines the item was developed
(a) A nondevelopmental exclusively at private expense and sold in
item, if the procuring substantial quantities, on a competitive basis, to
agency determines the multiple state and local governments
item was developed
exclusively at private (FAR 2.101)
expense and sold in
substantial quantities, on
a competitive basis, to
multiple state and local
governments
(b) An item that evolved
from an item that has not
been sold to the general
public
(c) A commercial item
that has received
modfications not
available in the
commercial marketplace
(d) A nondevelopment
item used exclusively for
governmental purposes
Consolidating two or (c) Bundling
more requirements for
supplies or services, (FAR 2.101)
previously provided or
performed under
separate smaller
contracts, into a
solicitation for a single
contract is defined as:
(a) Combining
(b) Consolidating
(c) Bundling
(d) Mixing
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