CFCM Study Guide Questions and Answers With Verified Solutions 2025
What is covered by FAR Part 1?
(a) Definitions of Words & Terms
(b) Administrative Matters
(c) The Federal Acquisition Regulation System
(d) Competition Requirements - ✔✔(c) The Federal Acquisition Regulation System
What is the purpose of the FAR? (FAR 1.101)
(a) To effectively manage contractors seeking to do business with the government
(b) To codify and publish uniform policies and procedures for acquisition by all executive agencies
(c) To construct a system of rules and regulations binding at all times in the execution of government
acquisitions
(d) To limit government acquisition to pre-defined policies and procedures, so as to standardize all
acquisitions - ✔✔(b) To codify and publish uniform policies and procedures for acquisition by all
executive agencies
What is the vision of the Federal Acquisition System? (FAR 1.102)
(a) To create the highest efficiency acquisition procedures so that customers get their products and
services in a timely manner
(b) To execute the highest level of quality in federal acquisitions while providing the most efficient
manner of delivering customer satisfaction
(c) To determine the best ways to get the end customer what they need while conforming to all policies
and procedures deemed important by Congress
(d) To 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 - ✔✔(d) To 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
Which of the following is NOT a guiding principle of the Federal Acquisition System? (FAR 1.102)
(a) Satisfy the customer in terms of cost, quality, and timeliness of the delivered product or service
(b) Minimize administrative operating costs
,(c) Constantly develop new procedures to remain on the cutting edge of the acquisition process
(d) Fulfill public policy objectives - ✔✔(c) Constantly develop new procedures to remain on the cutting
edge of the acquisition process
Which of the following is NOT a guiding principle of the Federal Acquisition System? (FAR 1.102)
(a) Satisfy the customer in terms of cost, quality, and timeliness of the delivered product or service
(b) Minimize all costs associated with each acquisition
(c) Conduct business with integrity, fairness, and openness
(d) Fulfill public policy objectives - ✔✔(b) Minimize all costs associated with each acquisition
Which of the following is NOT a member of the Acquisition Team? (FAR 1.102)
(a) Representatives from the technical community
(b) Representatives from the procurement community
(c) Representatives from the local community
(d) Representatives from the supply community - ✔✔(c) Representatives from the local community
Which of the following is NOT a member of the Acquisition Team? (FAR 1.102)
(a) The highest ranking member of the agency where the acquisition occurs
(b) Representatives from the technical, supply, and procurement communities
(c) Customers served by the technical, supply, and procurement communities
(d) Contractors who provide the products and services - ✔✔(a) The highest ranking member of the
agency where the acquisition occurs
If a specific strategy, practice, policy, or procedure is in the best interests of the Government and is not
addressed in the FAR, nor prohibited by law (statute or case law), Executive order or other regulation,
then the strategy, practice, policy or procedure: (FAR 1.102)
(a) Should be approved by the next highest authority above the contracting officer
(b) Must be approved by two independent councils that coordinate revisions to the FAR
(c) Is a permissible exercise of authority
(d) Is not within the authority of the contracting officer - ✔✔(c) Is a permissible exercise of authority
,Who are the principal customers for the product or service provided by the Federal Acquisition System?
(FAR 1.102-2)
(a) Procurement officials, acting on behalf of the American taxpayer
(b) Quality assurance personnel, acting on behalf of the procurement officials
(c) Users and line managers, acting on behalf of the American taxpayer
(d) Finance personnel, acting on behalf of the American taxpayer - ✔✔(c) Users and line managers,
acting on behalf of the American taxpayer
When selecting contractors to provide products or perform services, the Government will use
contractors who: (FAR 1.102-2)
(a) Have always provided the product or service in similar acquisitions
(b) Have demonstrated an ability to provide the lowest cost product or service
(c) Have submitted a full business plan to demonstrate their current capabilities
(d) Have a track record of successful past performance or who demonstrate a current superior ability to
perform - ✔✔(d) Have a track record of successful past performance or who demonstrate a current
superior ability to perform
In order to satisfy the customer in terms of cost, quality, and timeliness, which of the following is NOT
something that should be done: (FAR 1.102-2)
(a) Take into account the perspective of the user of the product or service
(b) Communicate with the commercial sector to determine capabilities available
(c) Consult with at least 2 other procurement professionals who have conducted similar acquisitions
(d) Promote competition - ✔✔(c) Consult with at least 2 other procurement professionals who have
conducted similar acquisitions
In order to satisfy the customer in terms of cost, quality, and timeliness, which of the following is NOT
something that should be done: (FAR 1.102-2)
(a) Take into account the perspective of those in your chain of command
(b) Communicate with the commercial sector to determine capabilities available
(c) Perform in a timely, high quality, and cost-effective manner
, (d) Plan in advance, yet be flexible to accommodate unforeseen mission needs - ✔✔(a) Take into
account the perspective of those in your chain of command
An essential consideration in every aspect of the Federal Acquisition System is: (FAR 1.102-2)
(a) Maintaining low cost at all times
(b) Maintaining high efficiency at all costs
(c) Maintaining the public's trust
(d) Maintaining your reputation through difficult situations - ✔✔(c) Maintaining the public's trust
To achieve efficient operations, the System must shift its focus to: (FAR 1.102-2)
(a) Risk avoidance
(b) Risk management
(c) Risk allowance
(d) Risk measurement - ✔✔(b) Risk management
What is the fourth guiding principle/performance standard laid out by FAR 1.102-2?
(a) Fulfill target procurement goals
(b) Fulfill required prerequisites in all acquisitions
(c) Fulfill pertinent information protection guidelines
(d) Fulfill public policy objectives - ✔✔(d) Fulfill public policy objectives
Why is the Federal Acquisition Team defined in the Guiding Principles of the Federal Acquisition System
beginning with the customer and ending with the contractor? (FAR 1.102-3)
(a) To make all participants pull their fair share of the workload
(b) To create a meaningful organizational chart and division of labor for each acquisition
(c) To encourage teamwork, unity of purpose, and open communication
(d) To reduce ambiguity in which party will accomplish which task - ✔✔(c) To encourage teamwork,
unity of purpose, and open communication
What is covered by FAR Part 1?
(a) Definitions of Words & Terms
(b) Administrative Matters
(c) The Federal Acquisition Regulation System
(d) Competition Requirements - ✔✔(c) The Federal Acquisition Regulation System
What is the purpose of the FAR? (FAR 1.101)
(a) To effectively manage contractors seeking to do business with the government
(b) To codify and publish uniform policies and procedures for acquisition by all executive agencies
(c) To construct a system of rules and regulations binding at all times in the execution of government
acquisitions
(d) To limit government acquisition to pre-defined policies and procedures, so as to standardize all
acquisitions - ✔✔(b) To codify and publish uniform policies and procedures for acquisition by all
executive agencies
What is the vision of the Federal Acquisition System? (FAR 1.102)
(a) To create the highest efficiency acquisition procedures so that customers get their products and
services in a timely manner
(b) To execute the highest level of quality in federal acquisitions while providing the most efficient
manner of delivering customer satisfaction
(c) To determine the best ways to get the end customer what they need while conforming to all policies
and procedures deemed important by Congress
(d) To 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 - ✔✔(d) To 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
Which of the following is NOT a guiding principle of the Federal Acquisition System? (FAR 1.102)
(a) Satisfy the customer in terms of cost, quality, and timeliness of the delivered product or service
(b) Minimize administrative operating costs
,(c) Constantly develop new procedures to remain on the cutting edge of the acquisition process
(d) Fulfill public policy objectives - ✔✔(c) Constantly develop new procedures to remain on the cutting
edge of the acquisition process
Which of the following is NOT a guiding principle of the Federal Acquisition System? (FAR 1.102)
(a) Satisfy the customer in terms of cost, quality, and timeliness of the delivered product or service
(b) Minimize all costs associated with each acquisition
(c) Conduct business with integrity, fairness, and openness
(d) Fulfill public policy objectives - ✔✔(b) Minimize all costs associated with each acquisition
Which of the following is NOT a member of the Acquisition Team? (FAR 1.102)
(a) Representatives from the technical community
(b) Representatives from the procurement community
(c) Representatives from the local community
(d) Representatives from the supply community - ✔✔(c) Representatives from the local community
Which of the following is NOT a member of the Acquisition Team? (FAR 1.102)
(a) The highest ranking member of the agency where the acquisition occurs
(b) Representatives from the technical, supply, and procurement communities
(c) Customers served by the technical, supply, and procurement communities
(d) Contractors who provide the products and services - ✔✔(a) The highest ranking member of the
agency where the acquisition occurs
If a specific strategy, practice, policy, or procedure is in the best interests of the Government and is not
addressed in the FAR, nor prohibited by law (statute or case law), Executive order or other regulation,
then the strategy, practice, policy or procedure: (FAR 1.102)
(a) Should be approved by the next highest authority above the contracting officer
(b) Must be approved by two independent councils that coordinate revisions to the FAR
(c) Is a permissible exercise of authority
(d) Is not within the authority of the contracting officer - ✔✔(c) Is a permissible exercise of authority
,Who are the principal customers for the product or service provided by the Federal Acquisition System?
(FAR 1.102-2)
(a) Procurement officials, acting on behalf of the American taxpayer
(b) Quality assurance personnel, acting on behalf of the procurement officials
(c) Users and line managers, acting on behalf of the American taxpayer
(d) Finance personnel, acting on behalf of the American taxpayer - ✔✔(c) Users and line managers,
acting on behalf of the American taxpayer
When selecting contractors to provide products or perform services, the Government will use
contractors who: (FAR 1.102-2)
(a) Have always provided the product or service in similar acquisitions
(b) Have demonstrated an ability to provide the lowest cost product or service
(c) Have submitted a full business plan to demonstrate their current capabilities
(d) Have a track record of successful past performance or who demonstrate a current superior ability to
perform - ✔✔(d) Have a track record of successful past performance or who demonstrate a current
superior ability to perform
In order to satisfy the customer in terms of cost, quality, and timeliness, which of the following is NOT
something that should be done: (FAR 1.102-2)
(a) Take into account the perspective of the user of the product or service
(b) Communicate with the commercial sector to determine capabilities available
(c) Consult with at least 2 other procurement professionals who have conducted similar acquisitions
(d) Promote competition - ✔✔(c) Consult with at least 2 other procurement professionals who have
conducted similar acquisitions
In order to satisfy the customer in terms of cost, quality, and timeliness, which of the following is NOT
something that should be done: (FAR 1.102-2)
(a) Take into account the perspective of those in your chain of command
(b) Communicate with the commercial sector to determine capabilities available
(c) Perform in a timely, high quality, and cost-effective manner
, (d) Plan in advance, yet be flexible to accommodate unforeseen mission needs - ✔✔(a) Take into
account the perspective of those in your chain of command
An essential consideration in every aspect of the Federal Acquisition System is: (FAR 1.102-2)
(a) Maintaining low cost at all times
(b) Maintaining high efficiency at all costs
(c) Maintaining the public's trust
(d) Maintaining your reputation through difficult situations - ✔✔(c) Maintaining the public's trust
To achieve efficient operations, the System must shift its focus to: (FAR 1.102-2)
(a) Risk avoidance
(b) Risk management
(c) Risk allowance
(d) Risk measurement - ✔✔(b) Risk management
What is the fourth guiding principle/performance standard laid out by FAR 1.102-2?
(a) Fulfill target procurement goals
(b) Fulfill required prerequisites in all acquisitions
(c) Fulfill pertinent information protection guidelines
(d) Fulfill public policy objectives - ✔✔(d) Fulfill public policy objectives
Why is the Federal Acquisition Team defined in the Guiding Principles of the Federal Acquisition System
beginning with the customer and ending with the contractor? (FAR 1.102-3)
(a) To make all participants pull their fair share of the workload
(b) To create a meaningful organizational chart and division of labor for each acquisition
(c) To encourage teamwork, unity of purpose, and open communication
(d) To reduce ambiguity in which party will accomplish which task - ✔✔(c) To encourage teamwork,
unity of purpose, and open communication
