CFCM Practice Exam Questions and Answers, Exams of Nursing

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CFCM Practice Exam

Questions 100%

Answered!!

CFCM Practice

Exam Questions

100% Answered!!

CFCM Practice Exam Questions 100%

Answered!!

What is a Certificate of Competency? - ANSWERA certificate issued by the SBA stating that the holder is responsible, for the purpose of receiving and performing a specific Government contract What law specifies how agencies shall make their records available upon public request, imposes strict time standards for agency responses, and exempts certain records from public disclosure? - ANSWERFreedom of Information Act Which of the following is not a required element in a Broad Agency Announcement? - ANSWERAn estimate of the level of effort required IS A description of the agency's research interest The criteria by which proposals will be selected The period of time during which proposals will be accepted A contractor has made an invention under a Federal research and development contract. In which of the following cases may the contractor be required to assign title to the invention to the Government? - ANSWERThe contractor does not have a place of business in the United States Which of the following contract types is generally used to acquire construction? - ANSWERFirm-fixed-price Which FAR part specifies the definitions for words and terms that are to be used unless another FAR part provides a different definition for that part? - ANSWERPart 2 Which of the following is a true statement about the role of the Acquisition Team? - ANSWERThe procurement policies and procedures that are used by members of the Acquisition Team are outlined in the FAR If market research indicates that commercial or nondevelopmental items might not be available to satisfy agency needs, what shall the agency do? - ANSWERReevaluate the need and determine whether the need can be restated to permit commercial or nondevelopmental items to satisfy the agency's need Which of the following is true about acquisitions for which the World Trade Organization Government Procurement Agreement applies? - ANSWER A contractor has made an invention under a Federal research and development contract. In which of the following cases may the contractor be required to assign title to the invention to the Government?

• ANSWERThe contractor does not have a place of business in the United States

When is consent to subcontract generally required? - ANSWERWhen the contractor has an approved purchasing system For agencies delegated authority to establish new Federal Supply Schedules, what must the contracting officer do prior to establishing such a contract? - ANSWERObtain approval from the GSA Federal Supply Service If the information collected is still current, accurate, and relevant, a contracting officer may use market research conducted up to how long before the award of a task or delivery order - ANSWER18 MO A contractor under a construction contract provides the Government with a quantity of unit-priced items other than the quantity called for. Can the Government or the contractor demand an adjustment in the contract price? - ANSWERYes, if the variation exceeds plus or minus 15 percent of the expected quantity Which FAR Part prescribes policies and procedures unique to the acquisition of commercial items? - ANSWER Which of the following contract modifications needs to be signed by both the contractor and the contracting officer? - ANSWERAn agreement definitizing a letter contract In which FAR Part is the Uniform Contract Format outlined? - ANSWER Which of the following is not a method for simplified acquisition? - ANSWERc. Advance agreement Correct is a. Governmentwide commercial purchase card b. Blanket purchase agreement d. Purchase order In which of the following cases may an agency be required to use simplified acquisition procedures? - ANSWERWhen the value of the contract is $100, Which of the following is a technique used to promote the early exchange of information with industry? - ANSWERMarket Research Generally, when shall acquisitions of supplies or services be automatically reserved exclusively for small business concerns and set aside for small businesses? - ANSWERWhen the anticipated dollar value exceeds $3,500 but does not exceed $150, Standard Form 44 is also known as what? - ANSWERPurchase Order—Invoice— Voucher

In general, which of the following methods of contract financing is least preferred by the Government? - ANSWERAdvance payment Which of the following is an inherently governmental function? - ANSWERInterviewing applicants for Federal employment hen should the contracting officer charge interest on the balance of an advance payment? - ANSWERFor all contracts, except when interest is excluded by statute or agency procedures Which of the following is true about postaward notifications to offerors whose proposals were not selected for award? - ANSWER A contractor infringes on a copyright with the authorization of the Government. What remedy is available to the copyright holder? - ANSWERA suit for monetary damages against the Government in the Court of Federal Claims What is the preferred method of transporting supplies for the Government? - ANSWERCommercial carriers In which of the following cases may a time-and-materials contract be used? - ANSWERWhen it is not possible at the time of placing the contract to estimate the extent of the work When is posting an RFQ on e-Buy required - ANSWERWhen the order contains brand- name specifications A cash fund of fixed amount established by an advance of funds, for disbursement in cash for relatively small amounts is called what? - ANSWERImprest Fund The obtaining of opinions, special knowledge, or skills from noted experts would be included in what kind of service? - ANSWERAdvisory and assistance service Which of the following public relations or advertising costs would be unallowable? - ANSWERa. Responding to inquiries on company policies Incorrect b. Providing a tour or open house of a facility c. Participating in community service activities d. Hosting a ceremony to announce a new product Which of the following terms means a list of products that have been examined and tested, and have satisfied all applicable requirements? - ANSWERQualified Products Which of the following contract types would be most appropriate for acquisition of a commercial item if the contract was not awarded using competitive procedures? - ANSWERFFP