CFCM PRACTICE EXAM 2026 QUESTIONS
WITH FULL SOLUTIONS GRADED A+
● What law specifies how agencies shall make their records available
upon public request, imposes strict time standards for agency responses,
and exempts certain records from public disclosure? Answer: Freedom
of Information Act
● Which of the following is not a required element in a Broad Agency
Announcement? Answer: An estimate of the level of effort required
**IS**
A description of the agency's research interest
The criteria by which proposals will be selected
The period of time during which proposals will be accepted
● A contractor has made an invention under a Federal research and
development contract. In which of the following cases may the
contractor be required to assign title to the invention to the Government?
Answer: The contractor does not have a place of business in the United
States
● Which of the following contract types is generally used to acquire
construction? Answer: Firm-fixed-price
, ● Which FAR part specifies the definitions for words and terms that are
to be used unless another FAR part provides a different definition for
that part? Answer: Part 2
● Which of the following is a true statement about the role of the
Acquisition Team? Answer: The procurement policies and procedures
that are used by members of the Acquisition Team are outlined in the
FAR
● If market research indicates that commercial or nondevelopmental
items might not be available to satisfy agency needs, what shall the
agency do? Answer: Reevaluate the need and determine whether the
need can be restated to permit commercial or nondevelopmental items to
satisfy the agency's need
● Which of the following is true about acquisitions for which the World
Trade Organization Government Procurement Agreement applies?
Answer:
● For research and development work performed under a cost-plus-
fixed-fee contract, what is the maximum fee that may be negotiated?
Answer: 15 percent of the contract's estimated cost, excluding fee
WITH FULL SOLUTIONS GRADED A+
● What law specifies how agencies shall make their records available
upon public request, imposes strict time standards for agency responses,
and exempts certain records from public disclosure? Answer: Freedom
of Information Act
● Which of the following is not a required element in a Broad Agency
Announcement? Answer: An estimate of the level of effort required
**IS**
A description of the agency's research interest
The criteria by which proposals will be selected
The period of time during which proposals will be accepted
● A contractor has made an invention under a Federal research and
development contract. In which of the following cases may the
contractor be required to assign title to the invention to the Government?
Answer: The contractor does not have a place of business in the United
States
● Which of the following contract types is generally used to acquire
construction? Answer: Firm-fixed-price
, ● Which FAR part specifies the definitions for words and terms that are
to be used unless another FAR part provides a different definition for
that part? Answer: Part 2
● Which of the following is a true statement about the role of the
Acquisition Team? Answer: The procurement policies and procedures
that are used by members of the Acquisition Team are outlined in the
FAR
● If market research indicates that commercial or nondevelopmental
items might not be available to satisfy agency needs, what shall the
agency do? Answer: Reevaluate the need and determine whether the
need can be restated to permit commercial or nondevelopmental items to
satisfy the agency's need
● Which of the following is true about acquisitions for which the World
Trade Organization Government Procurement Agreement applies?
Answer:
● For research and development work performed under a cost-plus-
fixed-fee contract, what is the maximum fee that may be negotiated?
Answer: 15 percent of the contract's estimated cost, excluding fee
