CFCM Certified Federal Contract Manager Study guides, Class notes & Summaries

CFCM Questions: ULTIMATE STUDY GUIDE Questions and answers, rated A+ The Federal Acquisition System was established for the codification and publication of uniform policies and procedures for acquisition by all legislative agencies. True or False? - -False. " . . .for acquisition by all EXECUTIVE agencies." FAR 1.1 What is the primary document (and agency regulations that implement or supplement this document) of the Federal Acquisition Regulations System? a. Code of Federal Regula...

CFCM Questions: ULTIMATE STUDY GUIDE Questions and answers, verified/ The Federal Acquisition System was established for the codification and publication of uniform policies and procedures for acquisition by all legislative agencies. True or False? - False. " . . .for acquisition by all EXECUTIVE agencies." FAR 1.1 What is the primary document (and agency regulations that implement or supplement this document) of the Federal Acquisition Regulations System? a. Code of Federal Regula...

CFCM Study Guide Questions and answers, rated A+ Certificate of Competency - issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific government contract (FAR 19.601(a)) Except as specifically permitted by executive agencies, the fast payment procedure may not be used for individual purchasing instruments exceeding what amount? - $35,000 (FAR 13.402(a)) What can a contractor access online at ? - Government-wide Point of Entry (GPE...

CFCM Study Guide: FAR Part 1. Federal Acquisition Regulations System. Questions and answers, verified/ 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 5 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....

CFCM- Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 Exam Review Questions and answers, verified/ Who does the FAR apply to? - all executive agencies Acquisition Team - all participants in government acquisition (including contractors and customers) Deviation - issuance of a policy, etc. inconsistent or not authorized by FAR Who is FAR maintained by? - o GSA o Secretary of Defense o NASA Administrator Who handles FAR revisions? - o DAR council o CAA council Who prints, publishes, and distribu...

Certified Federal Contracts Manager (CFCM) Exam Review Questions and answer 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. Advance Agreements should not be negotiated - after the incurrence of the costs involved. Under the Assignment of Claims Act, a contractor may assign moneys due or to become due under a contract if it meets all but which of the following? - The contrac...

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CFCM FINAL REVIEW EXAM QUESTIONS AND ANSWERS, RATED A+ [ ALL EXAM QUESTIONS] COMPLETE TEST BANK 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,...