CFCM Week 5 Exam Questions with Verified Answers
|2026/2027 Update | A+ Graded
A ___________ is the process of reviewing and evaluating individual cost elements of an
offeror's proposal. - Answer -Cost Analysis
At a minimum, the Contracting Officer must use ________________ to determine whether the
price is fair and reasonable when acquiring commercial items. - Answer -Price analysis
Which FAR clause is required in the solicitation when contracting by negotiation and the
government intends to award a contract without discussion? - Answer -FAR 52.215-1
Instructions to Offerors
The objective of source selection is to select the proposal that represents the
_____________________. - Answer -Best Value
Which of the following are limited exchanges between the government and offerors that may
occur when award without discussions is contemplated? - Answer -Clarifications
What is price analysis? - Answer -The process of examining and evaluating a proposed price
without evaluating its separate cost elements and proposed profits and is used when cost or
pricing data are not required
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, An offeror may request a post-award debriefing by submitting a written request for debriefing
to the Contracting Officer within _____ days after receipt of a notice of contract award. -
Answer -3
____________ are used by the government to promote early exchanges of information with
industry. - Answer -Request for information
Post-award debriefings shall not include: - Answer -The names of individuals providing an
offeror's past performance reference information.
Which of the following should not be considered in deciding what information to obtain through
an oral presentation? - Answer -The need to revise the offeror's proposal
Which analytical technique shall be used to determine the probable cost of performance for
each offeror under cost-reimbursement type contracts? - Answer -Cost realism analysis
Which of the following is not one of the four parts in the Uniform Contract Format? - Answer -
SOW
Which of the following is not an exception to certified cost or pricing data requirements? -
Answer -Sole Source Acquisitions greater than $700,000S
2|Page
|2026/2027 Update | A+ Graded
A ___________ is the process of reviewing and evaluating individual cost elements of an
offeror's proposal. - Answer -Cost Analysis
At a minimum, the Contracting Officer must use ________________ to determine whether the
price is fair and reasonable when acquiring commercial items. - Answer -Price analysis
Which FAR clause is required in the solicitation when contracting by negotiation and the
government intends to award a contract without discussion? - Answer -FAR 52.215-1
Instructions to Offerors
The objective of source selection is to select the proposal that represents the
_____________________. - Answer -Best Value
Which of the following are limited exchanges between the government and offerors that may
occur when award without discussions is contemplated? - Answer -Clarifications
What is price analysis? - Answer -The process of examining and evaluating a proposed price
without evaluating its separate cost elements and proposed profits and is used when cost or
pricing data are not required
1|Page
, An offeror may request a post-award debriefing by submitting a written request for debriefing
to the Contracting Officer within _____ days after receipt of a notice of contract award. -
Answer -3
____________ are used by the government to promote early exchanges of information with
industry. - Answer -Request for information
Post-award debriefings shall not include: - Answer -The names of individuals providing an
offeror's past performance reference information.
Which of the following should not be considered in deciding what information to obtain through
an oral presentation? - Answer -The need to revise the offeror's proposal
Which analytical technique shall be used to determine the probable cost of performance for
each offeror under cost-reimbursement type contracts? - Answer -Cost realism analysis
Which of the following is not one of the four parts in the Uniform Contract Format? - Answer -
SOW
Which of the following is not an exception to certified cost or pricing data requirements? -
Answer -Sole Source Acquisitions greater than $700,000S
2|Page
