CFCM EXAM Prep Questions 2024/2025
Exam Questions and Correct Answers |
New Update
How often are statutory acquisition-related dollar thresholds in the FAR
adjusted for inflation?
(a) Annually
(b) Bi-annually
(c) Every five years
(d) Only as required - 🧠ANSWER ✔✔(c) Every five years
(FAR 1.109)
A form of written approval signed by an authorized official that is required
by statute or regulation as a prerequisite to taking certain contract actions
is defined as:
(a) A ratification
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,(b) Determination and Findings
(c) The Contracting Officer's Final Decision
(d) A waiver - 🧠ANSWER ✔✔(b) Determination and Findings
(FAR 1.701)
Contracting officers below the level of _______________ shall be selected
and appointed.
(a) Cabinet secretary
(b) Director of contracting
(c) A flag officer or member of the Senior Executive Service
(d) A head of contracting activity - 🧠ANSWER ✔✔(d) A head of contracting
activity
(FAR 1.601)
The simplified acquisition threshold for any contract in support of
contingency operations to be awarded an performed, or purchase to be
made, outside the U.S. is:
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,(a) $150,000
(b) $300,000
(c) $1 million
(d) $1.5 million - 🧠ANSWER ✔✔(c) $1 million
(FAR 2.101)
Which of the following is a commercial item?
(a) A nondevelopmental item, if the procuring agency determines the item
was developed exclusively at private expense and sold in substantial
quantities, on a competitive basis, to multiple state and local governments
(b) An item that evolved from an item that has not been sold to the general
public
(c) A commercial item that has received modfications not available in the
commercial marketplace
(d) A nondevelopment item used exclusively for governmental purposes -
🧠ANSWER ✔✔(a) A nondevelopmental item, if the procuring agency
determines the item was developed exclusively at private expense and sold
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
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PRIVACY STATEMENT. ALL RIGHTS RESERVED
, in substantial quantities, on a competitive basis, to multiple state and local
governments
(FAR 2.101)
Consolidating two or more requirements for supplies or services, previously
provided or performed under separate smaller contracts, into a solicitation
for a single contract is defined as:
(a) Combining
(b) Consolidating
(c) Bundling
(d) Mixing - 🧠ANSWER ✔✔(c) Bundling
(FAR 2.101)
Which of the following are included in the definition of "contracts?"
(a) Awards and notices of awards and grants
(b) Letter contracts and cooperative agreements
(c) Letter contracts and job orders issued under basic ordering agreements
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
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PRIVACY STATEMENT. ALL RIGHTS RESERVED
Exam Questions and Correct Answers |
New Update
How often are statutory acquisition-related dollar thresholds in the FAR
adjusted for inflation?
(a) Annually
(b) Bi-annually
(c) Every five years
(d) Only as required - 🧠ANSWER ✔✔(c) Every five years
(FAR 1.109)
A form of written approval signed by an authorized official that is required
by statute or regulation as a prerequisite to taking certain contract actions
is defined as:
(a) A ratification
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
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PRIVACY STATEMENT. ALL RIGHTS RESERVED
,(b) Determination and Findings
(c) The Contracting Officer's Final Decision
(d) A waiver - 🧠ANSWER ✔✔(b) Determination and Findings
(FAR 1.701)
Contracting officers below the level of _______________ shall be selected
and appointed.
(a) Cabinet secretary
(b) Director of contracting
(c) A flag officer or member of the Senior Executive Service
(d) A head of contracting activity - 🧠ANSWER ✔✔(d) A head of contracting
activity
(FAR 1.601)
The simplified acquisition threshold for any contract in support of
contingency operations to be awarded an performed, or purchase to be
made, outside the U.S. is:
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
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PRIVACY STATEMENT. ALL RIGHTS RESERVED
,(a) $150,000
(b) $300,000
(c) $1 million
(d) $1.5 million - 🧠ANSWER ✔✔(c) $1 million
(FAR 2.101)
Which of the following is a commercial item?
(a) A nondevelopmental item, if the procuring agency determines the item
was developed exclusively at private expense and sold in substantial
quantities, on a competitive basis, to multiple state and local governments
(b) An item that evolved from an item that has not been sold to the general
public
(c) A commercial item that has received modfications not available in the
commercial marketplace
(d) A nondevelopment item used exclusively for governmental purposes -
🧠ANSWER ✔✔(a) A nondevelopmental item, if the procuring agency
determines the item was developed exclusively at private expense and sold
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
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PRIVACY STATEMENT. ALL RIGHTS RESERVED
, in substantial quantities, on a competitive basis, to multiple state and local
governments
(FAR 2.101)
Consolidating two or more requirements for supplies or services, previously
provided or performed under separate smaller contracts, into a solicitation
for a single contract is defined as:
(a) Combining
(b) Consolidating
(c) Bundling
(d) Mixing - 🧠ANSWER ✔✔(c) Bundling
(FAR 2.101)
Which of the following are included in the definition of "contracts?"
(a) Awards and notices of awards and grants
(b) Letter contracts and cooperative agreements
(c) Letter contracts and job orders issued under basic ordering agreements
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
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PRIVACY STATEMENT. ALL RIGHTS RESERVED
