CFCM ONLINE PREP COURSE EXAM
Questions & Answers
1.The FAR is prepared, issued, and maintained by:
a. The Executive Office of the President.
b. The Office of Management and Budget and the General Services
Administration.
c. The National Contract Management Association.
d. The Secretary of Defense, the Administrator of General Services, and the
Administrator of the National Aeronautics and Space Administration.
ANS: d. The Secretary of Defense, the Administrator of General
Services, and the Administrator of the National Aeronautics and Space
Administration.
FAR 1.103
2.Which of the following is not one of the contracting officer's authorities
and responsibilities?
a. To obtain the lowest price on behalf of the government.
b. To enter into and sign contracts on behalf of the government.
c. To ensure that all requirements of law, executive orders, regulations, and
all other applicable procedures including clearances and approvals have
been met.
d. To terminate contracts and make related determinations and findings.
ANS: a. To obtain the lowest price on behalf of the government.
,FAR 1.6
3.This term refers to consolidating two or more requirements for supplies or
services previously provided or performed under separate or small
contracts into a solicitation for a single contract that is likely to be
unsuitable for award to a small business concern.
a. Subcontracting
b. Grouping
c. Joinder
d. Bundling
ANS: d. Bundling FAR
2.101
4.The standard micro-purchase threshold is:
a. $3,000
b. $3,500
c. $2,500
d. $2,000
ANS: b. $3,500
FAR 2.101
5.Which of the following is not considered an offer?
a. A response to a solicitation that, if accepted, would bind the offeror to
perform the resultant contract
b. A response to an invitation for quotations
,c. A response to an invitation for proposals
d. A response to an invitation for bids
ANS: b. A response to an invitation for quotations FAR 2.101
6.What is the federal policy on standards of conduct?
a. The general rule is to avoid strictly any conflict in government-
contractor relationships
b. The general rule is to avoid strictly any conflict of interest or even the
appearance of a conflict of interest in government-contract
relationships.
c. The general rule is to avoid strictly any conflict of interest except for
token gifts or gratuities in government-contractor relationships.
d. The general rule is to avoid conflict of interest in government-contractor
relationships, unless a full public disclosure is made.
ANS: b. The general rule is to avoid strictly any conflict of interest or
even the appearance of a conflict of interest in government-contract
relationships.
FAR 3.101-1
7.The Kickbacks statute forbids a subcontractor from doing what?
a. Misrepresenting a contingent fee arrangement
b. Accepting a payment from a prime contractor for any reason
c. Making a payment for the purpose of obtaining favorable treatment in
connection with a prime contract or a subcontract relating to a prime
contract
, d. Submitting an offer below anticipated costs, expecting to increase the
contract amount after award
ANS: c. Making a payment for the purpose of obtaining favorable
treatment in connection with a prime contract or a subcontract relating
to a prime contract
FAR 3.502-2
8.Which of the following would be buying-in?
a. Submitting an offer at negotiated costs to receive follow-on contracts
at artificially high prices
b. Submitting an offer below anticipated costs to receive follow-on
contracts at artificially high prices
c. Submitting an offer below negotiated costs with the expectation of
decreas- ing the contract amount after award
d. Submitting an offer above anticipated costs with the expectation of
decreas- ing the contract amount after award
ANS: b. Submitting an offer below anticipated costs to receive follow-on
contracts at artificially high prices
FAR 3.5
9.The federal government shall use electronic commerce:
a. Only if there is no risk of loss or misuse of the information
b. As long as signatures are not provided electronically.
c. Whenever it is practicable or cost-effective.
d. For all transactions above the simplified acquisition threshold.
Questions & Answers
1.The FAR is prepared, issued, and maintained by:
a. The Executive Office of the President.
b. The Office of Management and Budget and the General Services
Administration.
c. The National Contract Management Association.
d. The Secretary of Defense, the Administrator of General Services, and the
Administrator of the National Aeronautics and Space Administration.
ANS: d. The Secretary of Defense, the Administrator of General
Services, and the Administrator of the National Aeronautics and Space
Administration.
FAR 1.103
2.Which of the following is not one of the contracting officer's authorities
and responsibilities?
a. To obtain the lowest price on behalf of the government.
b. To enter into and sign contracts on behalf of the government.
c. To ensure that all requirements of law, executive orders, regulations, and
all other applicable procedures including clearances and approvals have
been met.
d. To terminate contracts and make related determinations and findings.
ANS: a. To obtain the lowest price on behalf of the government.
,FAR 1.6
3.This term refers to consolidating two or more requirements for supplies or
services previously provided or performed under separate or small
contracts into a solicitation for a single contract that is likely to be
unsuitable for award to a small business concern.
a. Subcontracting
b. Grouping
c. Joinder
d. Bundling
ANS: d. Bundling FAR
2.101
4.The standard micro-purchase threshold is:
a. $3,000
b. $3,500
c. $2,500
d. $2,000
ANS: b. $3,500
FAR 2.101
5.Which of the following is not considered an offer?
a. A response to a solicitation that, if accepted, would bind the offeror to
perform the resultant contract
b. A response to an invitation for quotations
,c. A response to an invitation for proposals
d. A response to an invitation for bids
ANS: b. A response to an invitation for quotations FAR 2.101
6.What is the federal policy on standards of conduct?
a. The general rule is to avoid strictly any conflict in government-
contractor relationships
b. The general rule is to avoid strictly any conflict of interest or even the
appearance of a conflict of interest in government-contract
relationships.
c. The general rule is to avoid strictly any conflict of interest except for
token gifts or gratuities in government-contractor relationships.
d. The general rule is to avoid conflict of interest in government-contractor
relationships, unless a full public disclosure is made.
ANS: b. The general rule is to avoid strictly any conflict of interest or
even the appearance of a conflict of interest in government-contract
relationships.
FAR 3.101-1
7.The Kickbacks statute forbids a subcontractor from doing what?
a. Misrepresenting a contingent fee arrangement
b. Accepting a payment from a prime contractor for any reason
c. Making a payment for the purpose of obtaining favorable treatment in
connection with a prime contract or a subcontract relating to a prime
contract
, d. Submitting an offer below anticipated costs, expecting to increase the
contract amount after award
ANS: c. Making a payment for the purpose of obtaining favorable
treatment in connection with a prime contract or a subcontract relating
to a prime contract
FAR 3.502-2
8.Which of the following would be buying-in?
a. Submitting an offer at negotiated costs to receive follow-on contracts
at artificially high prices
b. Submitting an offer below anticipated costs to receive follow-on
contracts at artificially high prices
c. Submitting an offer below negotiated costs with the expectation of
decreas- ing the contract amount after award
d. Submitting an offer above anticipated costs with the expectation of
decreas- ing the contract amount after award
ANS: b. Submitting an offer below anticipated costs to receive follow-on
contracts at artificially high prices
FAR 3.5
9.The federal government shall use electronic commerce:
a. Only if there is no risk of loss or misuse of the information
b. As long as signatures are not provided electronically.
c. Whenever it is practicable or cost-effective.
d. For all transactions above the simplified acquisition threshold.
