CFCM PREP QUESTIONS WITH
COMPLETE SOLUTIONS GRADED A+
QUESTIONS AND ANSWERS
How often are statutory acquisition-related dollar thresholds in the FAR adjusted for
inflation?
(a) Annually
(b) Bi-annually
(c) Every five years
(d) Only as required ANSWER -(c) Every five years
(FAR 1.109)
A form of written approval signed by an authorized official that is 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 ANSWER -(b) Determination and Findings
(FAR 1.701)
Contracting officers below the level of _______________ shall be 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 ANSWER -(d) A head of contracting activity
(FAR 1.601)
The simplified acquisition threshold for any contract in support of 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 ANSWER -(c) $1 million
(FAR 2.101)
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
(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 ANSWER -
(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
(FAR 2.101)
Consolidating two or more requirements for supplies or services, 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 ANSWER -(c) Bundling
(FAR 2.101)
Which of the following are included in the definition of "contracts?"
(a) Awards and notices of awards and grants
(b) Letter contracts and cooperative agreements
(c) Letter contracts and job orders issued under basic ordering agreements
(d) Blanket purchase agreements and imprest funds ANSWER -(c) Letter contracts
and job orders issued under basic ordering agreements
(FAR 2.101)
The government can minimize the opportunity for buying in by using any of the
following techniques:
(a) Simplified acquisition procedures
(b) Priced options, amortization of nonrecurring costs, and simplified acquisition
procedures
(c) Simplified acquisition procedures, costs, and multiyear contracting
(d) Multiyear contracting, priced options, and amortization of nonrecurring costs
ANSWER -(d) Multiyear contracting, priced options, and amortization of
nonrecurring costs
(FAR 3.501-2)
Contractor's arrangements to pay contingent fees for soliciting government contracts
have long been considered contrary to public policy because:
,(a) They discourage competition
(b) Such arrangements may lead to attempted or actual exercise of improper influence
(c) They result in excessive overhead costs
(d) Accountability of costs is difficult to track ANSWER -(b) Such arrangements may
lead to attempted or actual exercise of improper influence
(FAR 3.402)
A contract with a corporation shall be signed:
(a) By the chief financial officer
(b) By the head of the contracts department
(c) In the corporate name, followed by the word "by" and the signature and title of the
person authorized to sign
(d) By the chief executive officer ANSWER -(c) In the corporate name, followed by
the word "by" and the signature and title of the person authorized to sign
(FAR 4.102)
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 ANSWER -(b) $4,000,000
(FAR 5.303)
Acceptable methods for disseminating information on proposed contract actions
include:
(a) Assisting local trade associations in disseminating information to their members,
announcements in magazines at no cost, and phone calls
(b) Synopsis in the governmentwide point of entry, phone calls, and paid
advertisements
(c) Assisting local trade associations in disseminating information to their members,
announcements in magazines at no cost, and synopsis in the governmentwide point of
entry
(d) Paid advertisements in newspapers published and printed in the District of
Columbia when supplies and services will not be supplied/furnished in or around the
District of Columbia ANSWER -(c) Assisting local trade associations in
disseminating information to their members, announcements in magazines at no cost,
and synopsis in the governmentwide point of entry
(FAR 5.101(a) & (b))
The contracting officer may use competitive proposals in lieu of sealed bids if:
(a) Time permits the solicitation, submission, and evaluation of sealed bids
(b) Award will be made on the basis of price and other price related factors
, (c) It is necessary to conduct discussions
(d) The resulting contract will be with a small business ANSWER -(c) It is necessary
to conduct discussions
(FAR 6.401(b))
The contracting officer's certification can serve as approval of the justification for
other than full and open competition for a proposed contract NOT exceeding:
(a) $25,000
(b) $650,000
(c) $1,500,000
(d) $5,500,000 ANSWER -(b) $650,000
(FAR 6.304(a)(1))
FAR Part 6, Competition Requirements, applies to which of the following?
(a) A $1 million contract for construction
(b) A contract awarded using the simplified acquisition procedures of Part 13
(c) A contract modification for $1 million that is within the scope and under the terms
of an existing contract
(d) A $1 million task order placed against a task order contract entered into pursuant
to Subpart 16.5 ANSWER -(a) A $1 million contract for construction
(FAR 6.001(a), (c), (f))
If other than full and open competition is anticipated, the acquisition plan must be
coordinated with the cognizant:
(a) Competition advocate
(b) Head of the contracting activity
(c) Small business office
(d) Contract administrator ANSWER -(a) Competition advocate
(FAR 7.104(c))
Acquisition planning should begin:
(a) When a purchase request is received
(b) When a statement of work is received
(c) As soon as the agency need is identified
(d) Within 30 days of receipt of the purchase request ANSWER -(c) As soon as the
agency need is identified
(FAR 7.104(a))
The Federal Supply program provides federal agencies with a simplified process for
obtaining commonly used commercial supplies and services at prices associated with
volume buying. It is directed and managed by the:
COMPLETE SOLUTIONS GRADED A+
QUESTIONS AND ANSWERS
How often are statutory acquisition-related dollar thresholds in the FAR adjusted for
inflation?
(a) Annually
(b) Bi-annually
(c) Every five years
(d) Only as required ANSWER -(c) Every five years
(FAR 1.109)
A form of written approval signed by an authorized official that is 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 ANSWER -(b) Determination and Findings
(FAR 1.701)
Contracting officers below the level of _______________ shall be 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 ANSWER -(d) A head of contracting activity
(FAR 1.601)
The simplified acquisition threshold for any contract in support of 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 ANSWER -(c) $1 million
(FAR 2.101)
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
(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 ANSWER -
(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
(FAR 2.101)
Consolidating two or more requirements for supplies or services, 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 ANSWER -(c) Bundling
(FAR 2.101)
Which of the following are included in the definition of "contracts?"
(a) Awards and notices of awards and grants
(b) Letter contracts and cooperative agreements
(c) Letter contracts and job orders issued under basic ordering agreements
(d) Blanket purchase agreements and imprest funds ANSWER -(c) Letter contracts
and job orders issued under basic ordering agreements
(FAR 2.101)
The government can minimize the opportunity for buying in by using any of the
following techniques:
(a) Simplified acquisition procedures
(b) Priced options, amortization of nonrecurring costs, and simplified acquisition
procedures
(c) Simplified acquisition procedures, costs, and multiyear contracting
(d) Multiyear contracting, priced options, and amortization of nonrecurring costs
ANSWER -(d) Multiyear contracting, priced options, and amortization of
nonrecurring costs
(FAR 3.501-2)
Contractor's arrangements to pay contingent fees for soliciting government contracts
have long been considered contrary to public policy because:
,(a) They discourage competition
(b) Such arrangements may lead to attempted or actual exercise of improper influence
(c) They result in excessive overhead costs
(d) Accountability of costs is difficult to track ANSWER -(b) Such arrangements may
lead to attempted or actual exercise of improper influence
(FAR 3.402)
A contract with a corporation shall be signed:
(a) By the chief financial officer
(b) By the head of the contracts department
(c) In the corporate name, followed by the word "by" and the signature and title of the
person authorized to sign
(d) By the chief executive officer ANSWER -(c) In the corporate name, followed by
the word "by" and the signature and title of the person authorized to sign
(FAR 4.102)
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 ANSWER -(b) $4,000,000
(FAR 5.303)
Acceptable methods for disseminating information on proposed contract actions
include:
(a) Assisting local trade associations in disseminating information to their members,
announcements in magazines at no cost, and phone calls
(b) Synopsis in the governmentwide point of entry, phone calls, and paid
advertisements
(c) Assisting local trade associations in disseminating information to their members,
announcements in magazines at no cost, and synopsis in the governmentwide point of
entry
(d) Paid advertisements in newspapers published and printed in the District of
Columbia when supplies and services will not be supplied/furnished in or around the
District of Columbia ANSWER -(c) Assisting local trade associations in
disseminating information to their members, announcements in magazines at no cost,
and synopsis in the governmentwide point of entry
(FAR 5.101(a) & (b))
The contracting officer may use competitive proposals in lieu of sealed bids if:
(a) Time permits the solicitation, submission, and evaluation of sealed bids
(b) Award will be made on the basis of price and other price related factors
, (c) It is necessary to conduct discussions
(d) The resulting contract will be with a small business ANSWER -(c) It is necessary
to conduct discussions
(FAR 6.401(b))
The contracting officer's certification can serve as approval of the justification for
other than full and open competition for a proposed contract NOT exceeding:
(a) $25,000
(b) $650,000
(c) $1,500,000
(d) $5,500,000 ANSWER -(b) $650,000
(FAR 6.304(a)(1))
FAR Part 6, Competition Requirements, applies to which of the following?
(a) A $1 million contract for construction
(b) A contract awarded using the simplified acquisition procedures of Part 13
(c) A contract modification for $1 million that is within the scope and under the terms
of an existing contract
(d) A $1 million task order placed against a task order contract entered into pursuant
to Subpart 16.5 ANSWER -(a) A $1 million contract for construction
(FAR 6.001(a), (c), (f))
If other than full and open competition is anticipated, the acquisition plan must be
coordinated with the cognizant:
(a) Competition advocate
(b) Head of the contracting activity
(c) Small business office
(d) Contract administrator ANSWER -(a) Competition advocate
(FAR 7.104(c))
Acquisition planning should begin:
(a) When a purchase request is received
(b) When a statement of work is received
(c) As soon as the agency need is identified
(d) Within 30 days of receipt of the purchase request ANSWER -(c) As soon as the
agency need is identified
(FAR 7.104(a))
The Federal Supply program provides federal agencies with a simplified process for
obtaining commonly used commercial supplies and services at prices associated with
volume buying. It is directed and managed by the:
