CFCM Final [2025-2026] Exam comprehensive
questions and verified accurate solution
How often are statutory acquisition-related dollar thresholds in the FAR
adjusted for inflation? - answer--Every 5 years
A form of written approval signed by an authorized official that is
required by statute or regulation as a prerequisite to taking certain
contract actionsi s defined as a - answer--determination and findings
Contracting officers below the level of ___ shall be selected and
appointed - answer--a head of a contracting activity
According to the FAR conventions at Subpart 1.1, each authority is
delegable unless - answer--specifically stated otherwise
When an imperative sentence directs action in the FAR, who is
responsible for the action unless another party is expressly cited? -
answer--the CO
Unauthorized commitments are agreements that are NOT binding solely
because - answer--the government representative who made the
agreement lacked the authority to enter into it
,The simplified acquisition threshold for any contract in support of
contingency operations to be awarded and performed, or purchase to
be made, outside of the united states is - answer--1 million
Commercial Item - answer--A non developmental 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
Which of the following are included in the definitions of "contracts" -
answer--letter contracts and job orders
The government can minimize the opportunity for buying in by using
which of the following techniques - answer--multiyear contracting,
priced options, and amortization of nonrecurring costs
A contractor's arrangements to pay contingent fees for soliciting
government contracts have long been considered contrary to public
policy because - answer--they may lead to exercise of improper
influence
____ is any money, fee, commission, credit, gift, gratuity, thing of value,
or compensation of any kind which is provided directly or indirectly, to
any prime contractor, prime contractor employee, subcontractor, or
subcontractor employee for the purpose of improperly obtaining or
, rewarding favorable treatment in connection with a prime contractor in
connection with a subcontract relating to a prime contract - answer--
Kickback
A contract with a corporation shall be signed by - answer--in the
corporate name, followed by the word "by" and the signature and title
of the person authorized to sign
Contractors must retain all records pertaining to a government contract
for a minimum or __ years - answer--3 years from the date of final
payment, unless otherwise specified
Contractor representations and certifications - answer--are submitted
through the System for Award Management
Agencies must implement OMB guidance for personal identity
verification when - answer--contractors have routine physical access to
either a federally controlled facility or information system.
Dollar threshold for public announcement of contract awards - answer--
$4,000,000
Acceptable methods for disseminating information on proposed
contract actions include - answer--announcements in magazines at no
questions and verified accurate solution
How often are statutory acquisition-related dollar thresholds in the FAR
adjusted for inflation? - answer--Every 5 years
A form of written approval signed by an authorized official that is
required by statute or regulation as a prerequisite to taking certain
contract actionsi s defined as a - answer--determination and findings
Contracting officers below the level of ___ shall be selected and
appointed - answer--a head of a contracting activity
According to the FAR conventions at Subpart 1.1, each authority is
delegable unless - answer--specifically stated otherwise
When an imperative sentence directs action in the FAR, who is
responsible for the action unless another party is expressly cited? -
answer--the CO
Unauthorized commitments are agreements that are NOT binding solely
because - answer--the government representative who made the
agreement lacked the authority to enter into it
,The simplified acquisition threshold for any contract in support of
contingency operations to be awarded and performed, or purchase to
be made, outside of the united states is - answer--1 million
Commercial Item - answer--A non developmental 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
Which of the following are included in the definitions of "contracts" -
answer--letter contracts and job orders
The government can minimize the opportunity for buying in by using
which of the following techniques - answer--multiyear contracting,
priced options, and amortization of nonrecurring costs
A contractor's arrangements to pay contingent fees for soliciting
government contracts have long been considered contrary to public
policy because - answer--they may lead to exercise of improper
influence
____ is any money, fee, commission, credit, gift, gratuity, thing of value,
or compensation of any kind which is provided directly or indirectly, to
any prime contractor, prime contractor employee, subcontractor, or
subcontractor employee for the purpose of improperly obtaining or
, rewarding favorable treatment in connection with a prime contractor in
connection with a subcontract relating to a prime contract - answer--
Kickback
A contract with a corporation shall be signed by - answer--in the
corporate name, followed by the word "by" and the signature and title
of the person authorized to sign
Contractors must retain all records pertaining to a government contract
for a minimum or __ years - answer--3 years from the date of final
payment, unless otherwise specified
Contractor representations and certifications - answer--are submitted
through the System for Award Management
Agencies must implement OMB guidance for personal identity
verification when - answer--contractors have routine physical access to
either a federally controlled facility or information system.
Dollar threshold for public announcement of contract awards - answer--
$4,000,000
Acceptable methods for disseminating information on proposed
contract actions include - answer--announcements in magazines at no
