CFCM Study Questions with verified
answers graded A+
What is covered by FAR Part 1?
(a) Definitions of Words & Terms
(b) Administrative Matters
(c) The Federal Acquisition Regulation System
(d) Competition Requirements - correct answer ✔✔(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 - correct answer ✔✔(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 - correct
answer ✔✔(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 - correct answer ✔✔(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 - correct answer ✔✔(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 - correct answer ✔✔(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 - correct answer ✔✔(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 - correct answer ✔✔(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 - correct answer
✔✔(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 - correct answer ✔✔(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
answers graded A+
What is covered by FAR Part 1?
(a) Definitions of Words & Terms
(b) Administrative Matters
(c) The Federal Acquisition Regulation System
(d) Competition Requirements - correct answer ✔✔(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 - correct answer ✔✔(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 - correct
answer ✔✔(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 - correct answer ✔✔(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 - correct answer ✔✔(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 - correct answer ✔✔(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 - correct answer ✔✔(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 - correct answer ✔✔(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 - correct answer
✔✔(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 - correct answer ✔✔(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
