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CFCM FINAL EXAM 2025/2026 2 VERSIONS
QUESTIONS WITH DETAILED VERIFIED
ANSWERS
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.
......answer.....c. The Secretary of Defense, the Administrator of
General Services, and the Administrator of the National Aeronautics
and Space Administration.
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visions to the FAR will be prepared and issued through the coordinated
action of:
a. The General Services Administration and the FAR Secretariat.
b. The FAR Revisions Board and the FAR Secretariat.
c. The Defense Logistics Agency and the General Services
Administration.
d. The Defense Acquisition Regulations Council and the Civilian
Acquisition Council. ......answer.....d. The Defense Acquisition
Regulations Council and the Civilian Acquisition Council.
Which of the following best describes an "unauthorized commitment"?
a. An agreement that is binding because the government
representative who made it appeared to have the authority to enter
into that agreement on behalf of the government.
b. An agreement which is not binding solely because the
government representative who made it lacked the authority to enter
into that agreement.
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c. An agreement which is not binding because the individual who
made it was not a government representative.
d. A special form of written approval that is required by statute or
regulation. ......answer.....b. An agreement which is not binding
solely because the government representative who made it lacked
the authority to enter into that agreement.
The Federal Acquisition Regulations system was established for the
codification and publication of uniform policies and procedures for
which of the following?
a. The Administrative Agency
b. The Department of Defense
c. All branches of the U.S. Military
d. All executive agencies ......answer.....d. All executive agencies
Which of the following is a special form of written approval by an
authorized official that is required by statute or regulation as a
prerequisite of taking certain contract actions?
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a. Offer
b. Agency Acquisition Regulation (AAR)
c. Determination and Findings (D&F)
d. Advisory and Assistance Service (AAS) ......answer.....c.
Determination and Findings (D&F)
Which of the following is not a condition under which an unauthorized
commitment may be ratified?
a. The ratifying official has the authority to enter into a contractual
commitment.
b. The unauthorized commitment is under the simplified acquisition
threshold.
c. Funds are available and were available at the time the
unauthorized commitment was made.
d. The contracting officer reviewing the unauthorized commitment
determines the price to be fair and reasonable. ......answer.....b. The
CFCM FINAL EXAM 2025/2026 2 VERSIONS
QUESTIONS WITH DETAILED VERIFIED
ANSWERS
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.
......answer.....c. The Secretary of Defense, the Administrator of
General Services, and the Administrator of the National Aeronautics
and Space Administration.
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visions to the FAR will be prepared and issued through the coordinated
action of:
a. The General Services Administration and the FAR Secretariat.
b. The FAR Revisions Board and the FAR Secretariat.
c. The Defense Logistics Agency and the General Services
Administration.
d. The Defense Acquisition Regulations Council and the Civilian
Acquisition Council. ......answer.....d. The Defense Acquisition
Regulations Council and the Civilian Acquisition Council.
Which of the following best describes an "unauthorized commitment"?
a. An agreement that is binding because the government
representative who made it appeared to have the authority to enter
into that agreement on behalf of the government.
b. An agreement which is not binding solely because the
government representative who made it lacked the authority to enter
into that agreement.
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c. An agreement which is not binding because the individual who
made it was not a government representative.
d. A special form of written approval that is required by statute or
regulation. ......answer.....b. An agreement which is not binding
solely because the government representative who made it lacked
the authority to enter into that agreement.
The Federal Acquisition Regulations system was established for the
codification and publication of uniform policies and procedures for
which of the following?
a. The Administrative Agency
b. The Department of Defense
c. All branches of the U.S. Military
d. All executive agencies ......answer.....d. All executive agencies
Which of the following is a special form of written approval by an
authorized official that is required by statute or regulation as a
prerequisite of taking certain contract actions?
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a. Offer
b. Agency Acquisition Regulation (AAR)
c. Determination and Findings (D&F)
d. Advisory and Assistance Service (AAS) ......answer.....c.
Determination and Findings (D&F)
Which of the following is not a condition under which an unauthorized
commitment may be ratified?
a. The ratifying official has the authority to enter into a contractual
commitment.
b. The unauthorized commitment is under the simplified acquisition
threshold.
c. Funds are available and were available at the time the
unauthorized commitment was made.
d. The contracting officer reviewing the unauthorized commitment
determines the price to be fair and reasonable. ......answer.....b. The
