CFCM Exam ULTIMATE STUDY
GUIDE || With Questions &
Answers (100% Accurate)
Conceptial Research ||
2025
, CFCM Exam ULTIMATE STUDY GUIDE ||
With Questions & Answers (100% Accurate)
CO's should defer the head of the agency or head of contracting authority to take the
lead in encouraging business process innovation and ensuring sound business
decisions are made. True or False? - ANSWER - False. CO's have the authority to take
the lead.
FAR 1.102-4
The FAR is prepared, issued, and maintained and the FAR System prescribed by all of
the following EXCEPT:
a. The Secretary of Defense
b. The Administrator of General Services
c. NASA, under their several statutory authorities
d. The Secretary of State under their several statutory authorities - ANSWER - d. The
Secretary of State under their several statutory authorities
FAR 1.103
Where is the FAR published?
a. The daily issue of the Federal Register
b. In cumulated form in the Code of Federal Regulations (CFR)
c. A seperate, loose-leaf edition.
d. Online
e. a, b and c only - ANSWER - e. a, b and c only
FAR 1.105-1
The FAR is issued as what Title and Chapter of the Code of Federal Regulations
(CFR)?
a. Title 9, Chapter 1
b. Title 48, Chapter 1
c. Title 48, Chapter 2
d. Title 49, Chapter 3 - ANSWER - b. Title 48, Chapter 1
FAR 1.105-1
The FAR is issued as Chapter 1 of Title 48 in the Code of Federal Regulations (CFR).
Subsequent chapters, with the chapter numbers to be assigned by the CFR, are
reserved for
,a. The Secretary of Defense.
b. The Administrator of General Services.
c. NASA, under their several statutory authorities.
d. Agency acquisition regulations that implement or supplement the FAR. - ANSWER -
d. Agency acquisition regulations that implement or supplement the FAR.
FAR 1.105-1
Each numbered unit of segment (e.g., part, subpart, section, etc.) of an agency
acquisition regulation that is codified in the CFR shall begin with the chapter number.
However, the chapter number assigned in the FAR will NOT be included in the
numbered units or segment of the FAR. True or False? - ANSWER - True. The FAR
adheres to a specific numbering scheme in the arrangement of its regulations. Each
clause is divided, as necessary, into a part, subpart, section, subsection, and is further
subdivided as needed with alpha-numeric subdivisions. The specific details regarding
the numbering system are described in FAR 1.150-2
FAR 1.105-1, 1.105-5
The creation of new forms that offerors and contractors are asked to complete are
governed by
a. the Secretary of Defense.
b. the Administrator of General Services.
c. the Paperwork Reduction Act of 1980
d. the Office of Management and Budget (OMB) - ANSWER - c. the Paperwork
Reduction Act of 1980
FAR 1.106
The Paperwork Reduction Act of 1980 requires federal agencies to obtain approval from
whom before collecting information from 10 or more members of the public?
a. the Secretary of Defense.
b. the Office of Management and Budget (OMB)
c. the Defense Acquisition Regulations (DAR) Council
d. the Civilian Agency Acquisition (CAA) Council - ANSWER - b. the Office of
Management and Budget (OMB)
FAR 1.106
The Paperwork Reduction Act of 1980 requires federal agencies to obtain approval from
the Office of Management and Budget (OMB) before collecting information from how
many members of the public?
a. 3 or more
, b. 5 or more
c. 10 or more
d. 20 or more - ANSWER - c. 10 or more
FAR 1.106
The Federal Acquisition System was established for the codification and publication of
uniform policies and procedures for acquisition by all legislative agencies. True or
False? - ANSWER - False. " . . .for acquisition by all EXECUTIVE agencies."
FAR 1.1
What is the primary document (and agency regulations that implement or supplement
this document) of the Federal Acquisition Regulations System?
a. Code of Federal Regulations (CFR)
b. The Defense Acquisition Regulations (DAR)
c. The U.S. Code (U.S.C.)
d. The Federal Acquisition Regulation (FAR) - ANSWER - d. The Federal Acquisition
Regulation (FAR)
FAR 1.1
The Statement of Guiding Principles, or vision for the Federal Acquisition System,
includes all of the following EXCEPT:
a. to deliver on a timely basis the best value product or service to the customer
b. to maintain the public's trust and fulfill public policy objectives
c. to ensure that participants in the acquisition process should work together as a team
and be empowered to make decision in their area of responsibility
d. to ensure that the government maintains strict control and punitive rights against
contractors who do not perform to the requirements of the FAR - ANSWER - d. to
ensure that the government maintains strict control and punitive rights against
contractors who do not perform to the requirements of the FAR.
FAR 1.102
The Federal Acquisition system will do all of the following EXCEPT:
a. satisfy the contractors in terms of profit, relationships and repeat orders for products
or services
b. minimize administrative operating costs
c. conduct business with integrity, fairness and openness.
d. fulfill public policy objectives. - ANSWER - a. satisfy the contractors in terms of profit,
relationships and repeat orders for products or services
GUIDE || With Questions &
Answers (100% Accurate)
Conceptial Research ||
2025
, CFCM Exam ULTIMATE STUDY GUIDE ||
With Questions & Answers (100% Accurate)
CO's should defer the head of the agency or head of contracting authority to take the
lead in encouraging business process innovation and ensuring sound business
decisions are made. True or False? - ANSWER - False. CO's have the authority to take
the lead.
FAR 1.102-4
The FAR is prepared, issued, and maintained and the FAR System prescribed by all of
the following EXCEPT:
a. The Secretary of Defense
b. The Administrator of General Services
c. NASA, under their several statutory authorities
d. The Secretary of State under their several statutory authorities - ANSWER - d. The
Secretary of State under their several statutory authorities
FAR 1.103
Where is the FAR published?
a. The daily issue of the Federal Register
b. In cumulated form in the Code of Federal Regulations (CFR)
c. A seperate, loose-leaf edition.
d. Online
e. a, b and c only - ANSWER - e. a, b and c only
FAR 1.105-1
The FAR is issued as what Title and Chapter of the Code of Federal Regulations
(CFR)?
a. Title 9, Chapter 1
b. Title 48, Chapter 1
c. Title 48, Chapter 2
d. Title 49, Chapter 3 - ANSWER - b. Title 48, Chapter 1
FAR 1.105-1
The FAR is issued as Chapter 1 of Title 48 in the Code of Federal Regulations (CFR).
Subsequent chapters, with the chapter numbers to be assigned by the CFR, are
reserved for
,a. The Secretary of Defense.
b. The Administrator of General Services.
c. NASA, under their several statutory authorities.
d. Agency acquisition regulations that implement or supplement the FAR. - ANSWER -
d. Agency acquisition regulations that implement or supplement the FAR.
FAR 1.105-1
Each numbered unit of segment (e.g., part, subpart, section, etc.) of an agency
acquisition regulation that is codified in the CFR shall begin with the chapter number.
However, the chapter number assigned in the FAR will NOT be included in the
numbered units or segment of the FAR. True or False? - ANSWER - True. The FAR
adheres to a specific numbering scheme in the arrangement of its regulations. Each
clause is divided, as necessary, into a part, subpart, section, subsection, and is further
subdivided as needed with alpha-numeric subdivisions. The specific details regarding
the numbering system are described in FAR 1.150-2
FAR 1.105-1, 1.105-5
The creation of new forms that offerors and contractors are asked to complete are
governed by
a. the Secretary of Defense.
b. the Administrator of General Services.
c. the Paperwork Reduction Act of 1980
d. the Office of Management and Budget (OMB) - ANSWER - c. the Paperwork
Reduction Act of 1980
FAR 1.106
The Paperwork Reduction Act of 1980 requires federal agencies to obtain approval from
whom before collecting information from 10 or more members of the public?
a. the Secretary of Defense.
b. the Office of Management and Budget (OMB)
c. the Defense Acquisition Regulations (DAR) Council
d. the Civilian Agency Acquisition (CAA) Council - ANSWER - b. the Office of
Management and Budget (OMB)
FAR 1.106
The Paperwork Reduction Act of 1980 requires federal agencies to obtain approval from
the Office of Management and Budget (OMB) before collecting information from how
many members of the public?
a. 3 or more
, b. 5 or more
c. 10 or more
d. 20 or more - ANSWER - c. 10 or more
FAR 1.106
The Federal Acquisition System was established for the codification and publication of
uniform policies and procedures for acquisition by all legislative agencies. True or
False? - ANSWER - False. " . . .for acquisition by all EXECUTIVE agencies."
FAR 1.1
What is the primary document (and agency regulations that implement or supplement
this document) of the Federal Acquisition Regulations System?
a. Code of Federal Regulations (CFR)
b. The Defense Acquisition Regulations (DAR)
c. The U.S. Code (U.S.C.)
d. The Federal Acquisition Regulation (FAR) - ANSWER - d. The Federal Acquisition
Regulation (FAR)
FAR 1.1
The Statement of Guiding Principles, or vision for the Federal Acquisition System,
includes all of the following EXCEPT:
a. to deliver on a timely basis the best value product or service to the customer
b. to maintain the public's trust and fulfill public policy objectives
c. to ensure that participants in the acquisition process should work together as a team
and be empowered to make decision in their area of responsibility
d. to ensure that the government maintains strict control and punitive rights against
contractors who do not perform to the requirements of the FAR - ANSWER - d. to
ensure that the government maintains strict control and punitive rights against
contractors who do not perform to the requirements of the FAR.
FAR 1.102
The Federal Acquisition system will do all of the following EXCEPT:
a. satisfy the contractors in terms of profit, relationships and repeat orders for products
or services
b. minimize administrative operating costs
c. conduct business with integrity, fairness and openness.
d. fulfill public policy objectives. - ANSWER - a. satisfy the contractors in terms of profit,
relationships and repeat orders for products or services
