CFCM Certified Federal Contract Manager Study guides, Class notes & Summaries
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CFCM Exam Practice Test questions and answers, verified/| latest update 2024/25|
- Exam (elaborations) • 18 pages • 2024
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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...
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CFCM Exam Review Questions and answers, rated A+| latest update 2024/25|
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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...
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CFCM Exam Review Questions and answers, rated A+/ VERIFIED/| latest update 2024/25|
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CFCM Exam Review Questions and 
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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...
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Cfcm exam Review Questions and answers, VERIFIED/ Questions BANK/ ALL QUESTIONS AVAILABLE
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Cfcm exam Review Questions and 
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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...
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CFCM Final Review Questions and answers, verified/| latest update 2024/25|
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CFCM Final Review Questions and 
answers, verified/ 
The FAR is prepared, issued, and maintained by: 
a. The Executive Office of the President. 
b. The Office of Management and Budget and the General Services Administration. 
c. The Secretary of Defense, the Administrator of General Services, and the Administrator of the 
National Aeronautics and Space Administration. 
d. The National Contract Management Association. - -c. The Secretary of Defense, the 
Administrator of General Services, and...
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CFCM Practice Exam Review Questions and answers, VERIFIED/| latest update 2024/25|
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CFCM Practice Exam Review 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 
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? - - 
Freedom of Information Act 
Which of the followin...
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CFCM Practice Questions & Answers, VERIFIED/ (2)| latest update 2024/25|
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CFCM Practice Questions & Answers, 
VERIFIED/ (2) 
First Article testing and approval IS NOT normally required for 
a. Products normally sold in the commercial market 
b. Products larger than a bread basket 
c. Products offered by AbilityOne sellers 
d. Products with more than a 2-year warranty - A 
Which of the following would be considered inherently governmental functions? 
a. Services that involve or relate to budget preparation, including workload modeling, fact finding, 
efficiency studi...
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CFCM Practice Test Questions and answers, VERIFIED/| latest update 2024/25|
- Exam (elaborations) • 119 pages • 2024
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CFCM Practice Test Questions and 
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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 - -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. Contracting Offi...
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CFCM Practice Test Questions & Answers, VERIFIED/ RATED A+| latest update 2024/25|
- Exam (elaborations) • 17 pages • 2024
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CFCM Practice Test Questions & 
Answers, VERIFIED/ RATED A+ 
How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - - 
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 - -determination and findings 
Contracting officers below the level of ___ shall be selected and appointed - -a head of a 
contracting activity 
Ac...
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CFCM Prep Questions Exam Review Questions and answers, rated A+| latest update 2024/25|
- Exam (elaborations) • 74 pages • 2024
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CFCM Prep Questions Exam Review 
Questions and answers, rated A+ 
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 - -(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 Findin...
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