CERTIFIED FEDERAL CONTRACTS
MANAGER (CFCM) STUDY GUIDE
NEWEST FULL TEST EXAM COMPLETE
2026 STUDY QUESTIONS WITH VERIFIED
CORRECT ANSWERS 100% GUARANTEED
PASS | ASSURED A+
Copyright@2026
,CERTIFIED FEDERAL CONTRACTS MANAGER (CFCM)
STUDY GUIDE NEWEST FULL TEST EXAM COMPLETE 2026
STUDY QUESTIONS WITH VERIFIED CORRECT ANSWERS
100% GUARANTEED PASS | ASSURED A+
How does the government relieve contractors of liability for loss or damage to property of the
government that occurs after acceptance or results from defects or deficiencies?
a. by acting as a self-insurer.
b. by the contracting officer designating any item with a unit cost greater than $100,000 as a high
value item for which the contractor is not liable.
c. by relieving the contractor of liability for loss or damage to all contract end items.
d. by requiring appropriate insurance be carried by contractors on cost reimbursement type
contracts and reimbursing the contractor for the expense. - Answer>>> a. by acting as a self-
insurer.
FAR 46.803(a)
In response to a widely-publicized solicitation for a noncommercial item, a contracting officer
only received one responsible offer. The offer is a firm-fixed amount for $1,000,000, which was
the same price for a similar item recently purchased by another agency under a contract that
resulted from adequate price competition. Which of the following is correct?
a. One offer doesn't meet the requirement for adequate price competition, therefore, certified cost
and pricing data is required
b. The item is non-commercial, therefore, certified cost and pricing data is not required
c. The offeror is responsible, therefore, certifed cost and pricing data is not required.
,d. The proposed price is reasonable in comparison to a recent price for a similar item, therefore,
cost and pricing data is not required. - Answer>>> d. The proposed price is reasonable in
comparison to a recent price for a similar item, therefore, cost and pricing data is not required.
FAR 15.403
When cancelling a purchase order, if the contractor accepts the cancellation and does not claim
that cost were incurred as a result of beginning performance under the purchase order, then
a. no further action is required and the purchase order shall be considered cancelled.
b. the contractor receives a cancellation fee equal to 10% of the original purchase order price.
c. the contracting officer shall process the termination action
d. The contractor is entitled to receive the automatic award of any purchase order for the same
item or service generated within 90 days of the cancellation. - Answer>>> a. no further action is
required and the purchase order shall be considered cancelled.
FAR 13.302-4(b)(1)
Acceptable methods for disseminating information on proposed contract actions include
a. assisting a local trade association in disseminating information to their members,
announcements in magazines at no cost, and phone calls.
b. synopsis in the government-wide point of entry (GPE), phone calls, and paid advertisements.
c. paid advertisements in newspapers published or printed in the District of Columbia when
supplies and services will not be supplied/furnished in or around the District of Columbia.
d. 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 (GPE). -
, Answer>>> d. 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
(GPE).
FAR 5.101(a) & (b)
The government's policy is to try to resolve all contractual issues in controversy by
a. mutual agreement at the CO's level.
b. bilateral agreement at the CO's level.
c. mutual agreement at a level above the CO.
d. unilateral agreement at the CO's level. - Answer>>> a. mutual agreement at the CO's level.
FAR 33.204
The specific content of acquisition plans will vary, and are influenced primarily by which
factors?
a. the specific type of goods or services being acquired
b. the nature, circumstances, and stage of the acquisition
c. the ultimate government end-user of the goods or services
d. the type of contract and the scale of competition - Answer>>> b. the nature, circumstances,
and stage of the acquisition
FAR 7.105
Which of the following concerning electronic bids is true?
MANAGER (CFCM) STUDY GUIDE
NEWEST FULL TEST EXAM COMPLETE
2026 STUDY QUESTIONS WITH VERIFIED
CORRECT ANSWERS 100% GUARANTEED
PASS | ASSURED A+
Copyright@2026
,CERTIFIED FEDERAL CONTRACTS MANAGER (CFCM)
STUDY GUIDE NEWEST FULL TEST EXAM COMPLETE 2026
STUDY QUESTIONS WITH VERIFIED CORRECT ANSWERS
100% GUARANTEED PASS | ASSURED A+
How does the government relieve contractors of liability for loss or damage to property of the
government that occurs after acceptance or results from defects or deficiencies?
a. by acting as a self-insurer.
b. by the contracting officer designating any item with a unit cost greater than $100,000 as a high
value item for which the contractor is not liable.
c. by relieving the contractor of liability for loss or damage to all contract end items.
d. by requiring appropriate insurance be carried by contractors on cost reimbursement type
contracts and reimbursing the contractor for the expense. - Answer>>> a. by acting as a self-
insurer.
FAR 46.803(a)
In response to a widely-publicized solicitation for a noncommercial item, a contracting officer
only received one responsible offer. The offer is a firm-fixed amount for $1,000,000, which was
the same price for a similar item recently purchased by another agency under a contract that
resulted from adequate price competition. Which of the following is correct?
a. One offer doesn't meet the requirement for adequate price competition, therefore, certified cost
and pricing data is required
b. The item is non-commercial, therefore, certified cost and pricing data is not required
c. The offeror is responsible, therefore, certifed cost and pricing data is not required.
,d. The proposed price is reasonable in comparison to a recent price for a similar item, therefore,
cost and pricing data is not required. - Answer>>> d. The proposed price is reasonable in
comparison to a recent price for a similar item, therefore, cost and pricing data is not required.
FAR 15.403
When cancelling a purchase order, if the contractor accepts the cancellation and does not claim
that cost were incurred as a result of beginning performance under the purchase order, then
a. no further action is required and the purchase order shall be considered cancelled.
b. the contractor receives a cancellation fee equal to 10% of the original purchase order price.
c. the contracting officer shall process the termination action
d. The contractor is entitled to receive the automatic award of any purchase order for the same
item or service generated within 90 days of the cancellation. - Answer>>> a. no further action is
required and the purchase order shall be considered cancelled.
FAR 13.302-4(b)(1)
Acceptable methods for disseminating information on proposed contract actions include
a. assisting a local trade association in disseminating information to their members,
announcements in magazines at no cost, and phone calls.
b. synopsis in the government-wide point of entry (GPE), phone calls, and paid advertisements.
c. paid advertisements in newspapers published or printed in the District of Columbia when
supplies and services will not be supplied/furnished in or around the District of Columbia.
d. 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 (GPE). -
, Answer>>> d. 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
(GPE).
FAR 5.101(a) & (b)
The government's policy is to try to resolve all contractual issues in controversy by
a. mutual agreement at the CO's level.
b. bilateral agreement at the CO's level.
c. mutual agreement at a level above the CO.
d. unilateral agreement at the CO's level. - Answer>>> a. mutual agreement at the CO's level.
FAR 33.204
The specific content of acquisition plans will vary, and are influenced primarily by which
factors?
a. the specific type of goods or services being acquired
b. the nature, circumstances, and stage of the acquisition
c. the ultimate government end-user of the goods or services
d. the type of contract and the scale of competition - Answer>>> b. the nature, circumstances,
and stage of the acquisition
FAR 7.105
Which of the following concerning electronic bids is true?
