CFCM Exam Practice Test || Questions & Answers (Graded A+)

CFCM Exam Practice Test || Questions & Answers (Graded A+) CFCM Exam Practice Test || Questions & Answers (Graded A+) 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 - FAR 38 If hazardous materials are expected to be used during contract performance, what must the apparent successful offeror do prior to contract award? - ANSWER - Furnish hazardous material data on a Material Safety Data Sheet A failure in estimating, accumulating, or reporting costs to comply with applicable cost accounting standards is called what? - ANSWER - Noncompliance Who is authorized to sign a contract on behalf of the US? - ANSWER - Only the Contracting Officer A cash fund of fixed amount established by an advance of funds, for disbursement in cash for relatively small amounts is called what? - ANSWER - Imprest Fund The Governments policy is to try to resolve all contractual issues in controversy by what? - ANSWER - Mutual agreement at the contracting officers level Which of the following does not justify the use of emergency acquisition flexibilities? - ANSWER - The acquisition is to replace Government property that was involved in a crime. Which function must be delegated to a CAO if the agency has not designated the CO to perform it? - ANSWER - Negotiate forward price agreements Which of the following is not an example of information technology? - ANSWER - A buildings digital thermostat Assuming no other exceptions exist, in which of the following cases shall certified cost or pricing data be obtained? - ANSWER - A negotiated procurement is expected to exceed $750,000 This is a technique used to promote the early exchange of information with industry. - ANSWER - Market Research When evaluating a proposal, what rating method is an agency required to use to assess the evaluation factors specified in the solicitation? - ANSWER - FAR 15.305(a): "An agency shall evaluate competitive proposals and then assess their relative qualities solely on the factors and subfactors specified in the solicitation. Evaluations may be conducted using any rating method or combination of methods, including color or adjectival ratings, numerical weights, and ordinal rankings." Standard Form 44 is also known as what? - ANSWER - FAR 13.306: "The SF 44, Purchase Order—Invoice—Voucher, is a multipurpose pocket-size purchase order form designed primarily for on-the-spot, over-the-counter purchases of supplies and nonpersonal services while away from the purchasing office or at isolated activities." Under FAR Part 5, contract actions must be synopsized in the GPE if they exceed what amount? - ANSWER - $25,000 In which FAR Part is the Uniform Contract Format outlined?