CFCM UPDATED COMPREHENSIVE QUESTIONS AND
SOLUTIONS GUARANTEE A+
✔✔When is posting an RFQ on e-Buy required? - ✔✔When the order contains brand-
name specifications
✔✔In an acquisition plan, which of the following is a responsibility of the agency head
(or the agency head's designee)? - ✔✔Promoting and providing for full and open
competition
✔✔For agencies delegated authority to establish new Federal Supply Schedules, what
must the contracting officer do prior to establishing such a contract? - ✔✔Obtain
approval from the GSA Federal Supply Service
✔✔A contract for demolition of a public building, without any further construction work,
is subject to which of the following? - ✔✔Only the Service Contract Labor Standards
statute
✔✔What is the difference between a personal services contract and a nonpersonal
services contract? - ✔✔Under a personal services contract, the personnel rendering the
services appear to be subject to government supervision and control
✔✔A legal instrument in which a contractor guarantees performance of the contract, the
obligations under the contract are assumed by a successor in interest, and the
government recognizes the transfer of the contract and related assets is called what? -
✔✔Novation agreement
✔✔Which of the following contract types would be most appropriate for acquisition of a
commercial item if the contract was not awarded using competitive procedures? -
✔✔Firm-fixed-price
✔✔When requesting information from potential sources in market research, what should
agencies do? - ✔✔Request the minimum amount of information necessary
✔✔Except for copyrighted works, what rights does the Government acquire in data first
produced in the performance of a contract? - ✔✔Unlimited rights
✔✔What is a CPSR and what is its purpose? - ✔✔Contractor Purchasing System
Review; to evaluate the efficiency and effectiveness with which the contractor spends
Government funds
✔✔Which of the following is not a function of the General Services Administration?
Authorizing other agencies to award schedule contracts, Management of U.S. Federal
, property, Managing schedule contracting for military items, Publicizing regulations
governing acquisition of real property - ✔✔Managing schedule contracting for military
items
✔✔What is the purpose of first article testing and approval? - ✔✔To ensure that a
contractor can furnish a product that conforms to all contract requirements for
acceptance
✔✔For research and development work performed under a cost-plus-fixed-fee contract,
what is the maximum fee that may be negotiated? - ✔✔The contracting officer shall not
negotiate a price or fee that exceeds the following statutory limitations]) For
experimental, developmental, or research work performed under a cost-plus-fixed-fee
contract, the fee shall not exceed 15 percent of the contract's estimated cost, excluding
fee
✔✔Which of the following is true about the priority of DPAS-rated orders? - ✔✔All DO
rated orders have equal priority with each other and take preference over unrated
orders. All DX rated orders have equal priority with each other and take preference over
DO rated and unrated orders
✔✔Which of the following is true about postaward notifications to offerors whose
proposals were not selected for award? - ✔✔The notice must be provided within three
days of contract award, and shall not contain the cost breakdown of any other offeror
✔✔To the maximum extent practicable, FAR Part 37 requires the use of what for
acquisitions of services? - ✔✔Performance-based acquisition
✔✔When should the contracting officer charge interest on the balance of an advance
payment? - ✔✔For all contracts, except when interest is excluded by statute or agency
procedures
✔✔When a make-or-buy program is required of a contractor, how should major items
be categorized? - ✔✔"Must make," "must buy," or "can either make or buy"
✔✔If The offeror is the firm that designed the project - ✔✔construction of a project not
be awarded
✔✔A contractor receives a refund relating to an allowable cost. What shall the
contractor do with the applicable portion of the refund? - ✔✔The contractor may credit it
to the Government either as a cost reduction or a cash refund
✔✔Drawings submitted by a contractor to show the construction of a particular structure
as actually completed under the contract are called what? - ✔✔Record drawings
SOLUTIONS GUARANTEE A+
✔✔When is posting an RFQ on e-Buy required? - ✔✔When the order contains brand-
name specifications
✔✔In an acquisition plan, which of the following is a responsibility of the agency head
(or the agency head's designee)? - ✔✔Promoting and providing for full and open
competition
✔✔For agencies delegated authority to establish new Federal Supply Schedules, what
must the contracting officer do prior to establishing such a contract? - ✔✔Obtain
approval from the GSA Federal Supply Service
✔✔A contract for demolition of a public building, without any further construction work,
is subject to which of the following? - ✔✔Only the Service Contract Labor Standards
statute
✔✔What is the difference between a personal services contract and a nonpersonal
services contract? - ✔✔Under a personal services contract, the personnel rendering the
services appear to be subject to government supervision and control
✔✔A legal instrument in which a contractor guarantees performance of the contract, the
obligations under the contract are assumed by a successor in interest, and the
government recognizes the transfer of the contract and related assets is called what? -
✔✔Novation agreement
✔✔Which of the following contract types would be most appropriate for acquisition of a
commercial item if the contract was not awarded using competitive procedures? -
✔✔Firm-fixed-price
✔✔When requesting information from potential sources in market research, what should
agencies do? - ✔✔Request the minimum amount of information necessary
✔✔Except for copyrighted works, what rights does the Government acquire in data first
produced in the performance of a contract? - ✔✔Unlimited rights
✔✔What is a CPSR and what is its purpose? - ✔✔Contractor Purchasing System
Review; to evaluate the efficiency and effectiveness with which the contractor spends
Government funds
✔✔Which of the following is not a function of the General Services Administration?
Authorizing other agencies to award schedule contracts, Management of U.S. Federal
, property, Managing schedule contracting for military items, Publicizing regulations
governing acquisition of real property - ✔✔Managing schedule contracting for military
items
✔✔What is the purpose of first article testing and approval? - ✔✔To ensure that a
contractor can furnish a product that conforms to all contract requirements for
acceptance
✔✔For research and development work performed under a cost-plus-fixed-fee contract,
what is the maximum fee that may be negotiated? - ✔✔The contracting officer shall not
negotiate a price or fee that exceeds the following statutory limitations]) For
experimental, developmental, or research work performed under a cost-plus-fixed-fee
contract, the fee shall not exceed 15 percent of the contract's estimated cost, excluding
fee
✔✔Which of the following is true about the priority of DPAS-rated orders? - ✔✔All DO
rated orders have equal priority with each other and take preference over unrated
orders. All DX rated orders have equal priority with each other and take preference over
DO rated and unrated orders
✔✔Which of the following is true about postaward notifications to offerors whose
proposals were not selected for award? - ✔✔The notice must be provided within three
days of contract award, and shall not contain the cost breakdown of any other offeror
✔✔To the maximum extent practicable, FAR Part 37 requires the use of what for
acquisitions of services? - ✔✔Performance-based acquisition
✔✔When should the contracting officer charge interest on the balance of an advance
payment? - ✔✔For all contracts, except when interest is excluded by statute or agency
procedures
✔✔When a make-or-buy program is required of a contractor, how should major items
be categorized? - ✔✔"Must make," "must buy," or "can either make or buy"
✔✔If The offeror is the firm that designed the project - ✔✔construction of a project not
be awarded
✔✔A contractor receives a refund relating to an allowable cost. What shall the
contractor do with the applicable portion of the refund? - ✔✔The contractor may credit it
to the Government either as a cost reduction or a cash refund
✔✔Drawings submitted by a contractor to show the construction of a particular structure
as actually completed under the contract are called what? - ✔✔Record drawings
