CFCM EXAM 1
ACQUISITION - answer Means the acquiring by contract with appropriated funds of
supplies or services(including construction) by and for the Federal Govt. through
purchase or lease, whether the supplies or services are already in existence or must be
created, developed, demonstrated, and evaluated.
FAR PART 2 - answer Definitions of words and terms
when does aqcuisition begin? - answer at the point when agency needs are
established and includes the description of requirements to satisfy agency need,
solicitation and selection of sources, award of contracts, etc. directly relatedt o the
process fo fulfilling agency needs by contract.
acquisition planning - answer process by which efforts of all personel responsible for
an aquisition are coordinated and integreated thru a comprehensive plan for fulfilling
agency need in a timely manner and at reasonable cost. includes development of the
overall strategy for managing the acquisition.
Activity Address Code (AAC) - answer means a distinct six-position code consisting
of a combination of alpha and/or numeric characters assigned to identify specific
agency offices, units, activities, or organizations by the General Services Administration
for civilian agencies and by the Department of Defense for defense agencies.
adequate evidence - answer Information sufficient to support the reasonable belief
that a particular act or omission has occurred.
Advisory and assistance services - answer Services acquired to support or improve
agency policy development, decision making, management, and administration, or to
support or improve the operation of management systems. Some organizations use it to
help managers achieve maximum effectiveness or economy in their operations. Can be
used to: (1) obtain outside points of view to avoid limited judgment on critical issues; (2)
obtain advice regarding developments in industry, university, or foundation research; (3)
obtain the opinions, special knowledge, or skills of noted experts; (4) enhance the
understanding of and develop alternative solutions to complex issues; (5) support and
improve operation of organizations; and (6) ensure the more efficient or effective
operation of managerial or hardware systems.
affiliates - answer associated business concerns or individuals direct or indirect
either one controls or can control the other, theird part controls or can control both
except
ACQUISITION - answer Means the acquiring by contract with appropriated funds of
supplies or services(including construction) by and for the Federal Govt. through
purchase or lease, whether the supplies or services are already in existence or must be
created, developed, demonstrated, and evaluated.
FAR PART 2 - answer Definitions of words and terms
when does aqcuisition begin? - answer at the point when agency needs are
established and includes the description of requirements to satisfy agency need,
solicitation and selection of sources, award of contracts, etc. directly relatedt o the
process fo fulfilling agency needs by contract.
acquisition planning - answer process by which efforts of all personel responsible for
an aquisition are coordinated and integreated thru a comprehensive plan for fulfilling
agency need in a timely manner and at reasonable cost. includes development of the
overall strategy for managing the acquisition.
Activity Address Code (AAC) - answer means a distinct six-position code consisting
of a combination of alpha and/or numeric characters assigned to identify specific
agency offices, units, activities, or organizations by the General Services Administration
for civilian agencies and by the Department of Defense for defense agencies.
adequate evidence - answer Information sufficient to support the reasonable belief
that a particular act or omission has occurred.
Advisory and assistance services - answer Services acquired to support or improve
agency policy development, decision making, management, and administration, or to
support or improve the operation of management systems. Some organizations use it to
help managers achieve maximum effectiveness or economy in their operations. Can be
used to: (1) obtain outside points of view to avoid limited judgment on critical issues; (2)
obtain advice regarding developments in industry, university, or foundation research; (3)
obtain the opinions, special knowledge, or skills of noted experts; (4) enhance the
understanding of and develop alternative solutions to complex issues; (5) support and
improve operation of organizations; and (6) ensure the more efficient or effective
operation of managerial or hardware systems.
affiliates - answer associated business concerns or individuals direct or indirect
either one controls or can control the other, theird part controls or can control both
except
