Page 1 of 57
Certified Federal Contracts Manager (CFCM) Exam
ACTUAL EXAM ALL 300 QUESTIONS AND CORRECT
ANSWERS LATEST UPDATE THIS YEAR
QUESTION: Which of the following are included in the definitions of "contracts" - ANSWER-
letter contracts and job orders
QUESTION: The government can minimize the opportunity for buying in by using which of the
following techniques - ANSWER-multiyear contracting, priced options, and amortization of
nonrecurring costs
QUESTION: A contractor's arrangements to pay contingent fees for soliciting government
contracts have long been considered contrary to public policy because - ANSWER-they may lead
to exercise of improper influence
QUESTION: ____ is any money, fee, commission, credit, gift, gratuity, thing of value, or
compensation of any kind which is provided directly or indirectly, to any prime contractor,
prime contractor employee, subcontractor, or subcontractor employee for the purpose of
improperly obtaining or rewarding favorable treatment in connection with a prime contractor
in connection with a subcontract relating to a prime contract - ANSWER-Kickback
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, Page 2 of 57
QUESTION: A contract with a corporation shall be signed by - ANSWER-in the corporate name,
followed by the word "by" and the signature and title of the person authorized to sign
QUESTION: Contractors must retain all records pertaining to a government contract for a
minimum or __ years - ANSWER-3 years from the date of final payment, unless otherwise
specified
How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? -
ANSWER-Every 5 years
QUESTION: A form of written approval signed by an authorized official that is required by
statute or regulation as a prerequisite to taking certain contract actionsi s defined as a -
ANSWER-determination and findings
QUESTION: Contracting officers below the level of ___ shall be selected and appointed -
ANSWER-a head of a contracting activity
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, Page 3 of 57
QUESTION: According to the FAR conventions at Subpart 1.1, each authority is delegable unless
- ANSWER-specifically stated otherwise
QUESTION: When an imperative sentence directs action in the FAR, who is responsible for the
action unless another party is expressly cited? - ANSWER-the CO
QUESTION: Unauthorized commitments are agreements that are NOT binding solely because -
ANSWER-the government representative who made the agreement lacked the authority to
enter into it
QUESTION: The simplified acquisition threshold for any contract in support of contingency
operations to be awarded and performed, or purchase to be made, outside of the united states
is - ANSWER-1 million
QUESTION: Commercial Item - ANSWER-A non developmental 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
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, Page 4 of 57
QUESTION: Consolidating 2 or more requirements for supplies or services, previosuly provided
or performed under seperate smaller contracts, into a solicitation for a single contract that is
likely to be unsuitable for award to a small business concern is defined as - ANSWER-bundling
QUESTION: Contractor representations and certifications - ANSWER-are submitted through the
System for Award Management
QUESTION: Agencies must implement OMB guidance for personal identity verification when -
ANSWER-contractors have routine physical access to either a federally controlled facility or
information system.
QUESTION: Dollar threshold for public announcement of contract awards - ANSWER-$4,000,000
QUESTION: Acceptable methods for disseminating information on proposed contract actions
include - ANSWER-announcements in magazines at no cost, assisting a local trade association in
disseminating information to their members, and synopsis in the government wide point of
entry
4
Certified Federal Contracts Manager (CFCM) Exam
ACTUAL EXAM ALL 300 QUESTIONS AND CORRECT
ANSWERS LATEST UPDATE THIS YEAR
QUESTION: Which of the following are included in the definitions of "contracts" - ANSWER-
letter contracts and job orders
QUESTION: The government can minimize the opportunity for buying in by using which of the
following techniques - ANSWER-multiyear contracting, priced options, and amortization of
nonrecurring costs
QUESTION: A contractor's arrangements to pay contingent fees for soliciting government
contracts have long been considered contrary to public policy because - ANSWER-they may lead
to exercise of improper influence
QUESTION: ____ is any money, fee, commission, credit, gift, gratuity, thing of value, or
compensation of any kind which is provided directly or indirectly, to any prime contractor,
prime contractor employee, subcontractor, or subcontractor employee for the purpose of
improperly obtaining or rewarding favorable treatment in connection with a prime contractor
in connection with a subcontract relating to a prime contract - ANSWER-Kickback
1
, Page 2 of 57
QUESTION: A contract with a corporation shall be signed by - ANSWER-in the corporate name,
followed by the word "by" and the signature and title of the person authorized to sign
QUESTION: Contractors must retain all records pertaining to a government contract for a
minimum or __ years - ANSWER-3 years from the date of final payment, unless otherwise
specified
How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? -
ANSWER-Every 5 years
QUESTION: A form of written approval signed by an authorized official that is required by
statute or regulation as a prerequisite to taking certain contract actionsi s defined as a -
ANSWER-determination and findings
QUESTION: Contracting officers below the level of ___ shall be selected and appointed -
ANSWER-a head of a contracting activity
2
, Page 3 of 57
QUESTION: According to the FAR conventions at Subpart 1.1, each authority is delegable unless
- ANSWER-specifically stated otherwise
QUESTION: When an imperative sentence directs action in the FAR, who is responsible for the
action unless another party is expressly cited? - ANSWER-the CO
QUESTION: Unauthorized commitments are agreements that are NOT binding solely because -
ANSWER-the government representative who made the agreement lacked the authority to
enter into it
QUESTION: The simplified acquisition threshold for any contract in support of contingency
operations to be awarded and performed, or purchase to be made, outside of the united states
is - ANSWER-1 million
QUESTION: Commercial Item - ANSWER-A non developmental 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
3
, Page 4 of 57
QUESTION: Consolidating 2 or more requirements for supplies or services, previosuly provided
or performed under seperate smaller contracts, into a solicitation for a single contract that is
likely to be unsuitable for award to a small business concern is defined as - ANSWER-bundling
QUESTION: Contractor representations and certifications - ANSWER-are submitted through the
System for Award Management
QUESTION: Agencies must implement OMB guidance for personal identity verification when -
ANSWER-contractors have routine physical access to either a federally controlled facility or
information system.
QUESTION: Dollar threshold for public announcement of contract awards - ANSWER-$4,000,000
QUESTION: Acceptable methods for disseminating information on proposed contract actions
include - ANSWER-announcements in magazines at no cost, assisting a local trade association in
disseminating information to their members, and synopsis in the government wide point of
entry
4
