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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 correct 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 (...

Certified Federal Contracts Manager (CFCM) Exam Questions and Answers 1. A cost is reasonable if, in its nature and amount, it does not exceed: that which would be incurred by a prudent person in the conduct of competitive business.

CFCM Practice Test Questions and Answers Graded A+ - Latest Updated 2024/2025 (Solved) How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - answerEvery 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 - an...

CFCM FINAL EXAM STUDY GUIDE WITH REAL EXAM QUESTIONS AND ANSWERS|

CFCM Practice Test Questions and Answers Graded A+ - Latest Updated 2024/2025 (Solved) How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - answerEvery 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 - an...

CFCM FINAL EXAM STUDY GUIDE WITH REAL EXAM QUESTIONS AND ANSWERS|

CFCM FINAL EXAM STUDY GUIDE WITH REAL EXAM QUESTIONS AND ANSWERS|

CFCM Exam Practice Test questions and answers, verified/ What is a Certificate of Competency - A certificate issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific Government contract Except as specifically permitted by executive agencies, the fast payment procedure may not be used for individual purchasing instruments exceeding what amount? - $35,000 What can a contractor access online at ? - The government wide point of entry S...

CFCM Exam Review Questions and answers, rated A+ What is the FAR system? - for acquisitions by all executive branches What is the FAR system? - The FAR and all agency acquisition regulations that implement or supplement the FAR What is the vision for federal acquisition? Timely $PS Policy and Trust - deliver on a timely basis the best value product or service to the customer, while maintaining the public's trust and fulfilling public policy objectives FAR 1.102(a) What are the gui...

CFCM Exam Review Questions and answers, rated A+/ VERIFIED/ Which of the following is NOT a reason to contract for Advisory and Assistance services? - -Obtain work of a policy, decision-making, or managerial nature which is the direct responsibility of agency officials Which of the following contract types is prohibited by the Federal Acquisition Regulation for federal agencies and prime contractors? - -cost-plus-a-percentage-of-cost The Contract Disputes statute covers - -claims by a...

Cfcm exam Review Questions and answers, VERIFIED/ Questions BANK/ ALL QUESTIONS AVAILABLE The contracting officer to the extent Practicable provide maximum participation to small biz,sdvosb, vosb, hub zone , women owned. Contracting officers must take the following steps. - 1. Plan an acquisition for more then one small business concern e issuing solicitation, make an effort to find more sb concerns, should include sba procurement rep. cize solicitations through gpe. the event of eq...