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PDF Download FREE BUSINESS AND STUDY GAMES ABOUT CFCM STUDY SECTION 1 EXAM QUESTIONS Actual Qs and Ans Expert-Verified Explanation This Exam contains: -Guarantee passing score -578 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: Which FAR Part covers competition requirements? Answer: FAR Part 6 Question 2: What are the limitations on Agency Acquisition Regulations? Answer: Limited to those necessary to implement FAR policy and procedures within the agency and additional policies, procedures, solicitation provisions, or contract clauses that supplement the FAR to satisfy the needs of the agency Question 3: What FAR Part covers Contractor VS Government performance? Answer: FAR Part 7.3 Question 4: Who prescribes the authority to prepare, issue, and maintain the FAR? Answer: The Secretary of Defense The Administrator of General Services The Administrator of the National Aeronautics and Space Administration Question 5: Which FAR Part covers government contract files? Answer: FAR Part 4.8 Question 6: Which Act requires federal agencies to obtain approval from the Office of Management and Budget (OMB) before collecting information from 10 or more members of the public? Answer: The Paperwork Reduction Act of 1980 Question 7: Which FAR Part covers other than full and open competition? Answer: FAR Part 6.3 Question 8: What FAR Part covers Contracting Officer's Representatives (COR)? Answer: FAR Part 1.604 Question 9: Which FAR Part covers "Other Improper Business Practices"? Answer: FAR Part 3.5 Question 10: Are purchases from Federal Prison Industries mandatory? Answer: No, though a waiver may be required per FAR 8.605 Question 11: True or False: Evaluations of Contractor Performance are not required for orders placed under a schedule contract Answer: False: Ordering Activities must prepare an evaluation of contractor performance for each order that exceeds the simplified acquisition threshold (FAR 42.1502(c)) Question 12: True or False: FAR Part 6 does NOT apply to orders placed under requirements contracts or definite-quantity contracts Answer: True Question 13: Who is responsible for adjusting the Statutory Acquisition-Related Dollar Thresholds for inflation? Answer: The FAR Council Question 14: True or False: Purchases can be made from any contractor that whishes to do business with the Federal Government Answer: False: Purchases are to be made from, and contracts awarded only to, responsible prospective contractors Question 15: Is Federal Prison Industries considered a required source when public exigency requires immediate performance? Answer: No Question 16: How can options for increased quantities of supplies or services be expressed in a contract? Answer: a percentage of specific line items an increase in specific line items additional numbered line items identified as the option Question 17: Is it acceptable for a contracting officer to knowingly award a contract to a government employee or any organization owned or controlled by them? Answer: No Question 18: What is the objective for negotiation? Answer: the objective is to negotiate a contract type and price (or estimated cost and fee) that will result in reasonable contractor risk and provide the contractor with the greatest incentive for efficient and economical performance. Question 19: What are defense production or research and development pools approved by the SBA entitled to? https://www.learnexams.com/study-content/free-business-and-study-games-about-cfcm-study-49727

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Explore Creator Insights & Detailed Media Analysis for PDF Download FREE BUSINESS AND STUDY GAMES ABOUT CFCM STUDY SECTION 1 EXAM QUESTIONS Actual Qs and Ans Expert-Verified Explanation This Exam contains: -Guarantee passing score -578 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: Which FAR Part covers competition requirements? Answer: FAR Part 6 Question 2: What are the limitations on Agency Acquisition Regulations? Answer: Limited to those necessary to implement FAR policy and procedures within the agency and additional policies, procedures, solicitation provisions, or contract clauses that supplement the FAR to satisfy the needs of the agency Question 3: What FAR Part covers Contractor VS Government performance? Answer: FAR Part 7.3 Question 4: Who prescribes the authority to prepare, issue, and maintain the FAR? Answer: The Secretary of Defense The Administrator of General Services The Administrator of the National Aeronautics and Space Administration Question 5: Which FAR Part covers government contract files? Answer: FAR Part 4.8 Question 6: Which Act requires federal agencies to obtain approval from the Office of Management and Budget (OMB) before collecting information from 10 or more members of the public? Answer: The Paperwork Reduction Act of 1980 Question 7: Which FAR Part covers other than full and open competition? Answer: FAR Part 6.3 Question 8: What FAR Part covers Contracting Officer's Representatives (COR)? Answer: FAR Part 1.604 Question 9: Which FAR Part covers "Other Improper Business Practices"? Answer: FAR Part 3.5 Question 10: Are purchases from Federal Prison Industries mandatory? Answer: No, though a waiver may be required per FAR 8.605 Question 11: True or False: Evaluations of Contractor Performance are not required for orders placed under a schedule contract Answer: False: Ordering Activities must prepare an evaluation of contractor performance for each order that exceeds the simplified acquisition threshold (FAR 42.1502(c)) Question 12: True or False: FAR Part 6 does NOT apply to orders placed under requirements contracts or definite-quantity contracts Answer: True Question 13: Who is responsible for adjusting the Statutory Acquisition-Related Dollar Thresholds for inflation? Answer: The FAR Council Question 14: True or False: Purchases can be made from any contractor that whishes to do business with the Federal Government Answer: False: Purchases are to be made from, and contracts awarded only to, responsible prospective contractors Question 15: Is Federal Prison Industries considered a required source when public exigency requires immediate performance? Answer: No Question 16: How can options for increased quantities of supplies or services be expressed in a contract? Answer: a percentage of specific line items an increase in specific line items additional numbered line items identified as the option Question 17: Is it acceptable for a contracting officer to knowingly award a contract to a government employee or any organization owned or controlled by them? Answer: No Question 18: What is the objective for negotiation? Answer: the objective is to negotiate a contract type and price (or estimated cost and fee) that will result in reasonable contractor risk and provide the contractor with the greatest incentive for efficient and economical performance. Question 19: What are defense production or research and development pools approved by the SBA entitled to? https://www.learnexams.com/study-content/free-business-and-study-games-about-cfcm-study-49727 →