CFCM Full Test Exam Update Actual

CFCM Full Test | / Exam Update | Actual Questions & Verified Solutions​ Certified Federal Contracts Manager (CFCM) Exam | Federal Acquisition Regulations, Contract Management, Procurement Law | Real Exam-Based Q&A | Expert Verified | Guaranteed Accuracy

Introduction​ This complete answer set includes all current exam questions from the / CFCM Certification Test, with 100% verified solutions. Based on the latest FAR/DFARS updates as of August 02, , topics include acquisition planning, contract solicitation and award, contract administration, cost principles, ethics, and compliance standards—reflecting the real exam structure and content distribution.Answer Format​ Every correct response is clearly marked in bold and green, followed by accurate explanations where necessary to clarify reasoning and ensure full comprehension.CFCM / Exam​ 100 Multiple-Choice Questions Question 1​ What is the primary purpose of the Federal Acquisition Regulation (FAR)?​

• To regulate corporate tax policies​

B) To provide uniform policies for federal procurement​

• To govern private sector contracts​
• To establish employee benefits​

Rationale: FAR standardizes procurement processes across federal agencies.

Question 2​ Which FAR part covers acquisition planning?​

• Part 12​

B) Part 7​

• Part 15​
• Part 33​

Rationale: FAR Part 7 addresses acquisition planning requirements.

Question 3​ True or False: The Competition in Contracting Act (CICA) requires full and open competition.​ A) True​ 1 / 3

• False​

Rationale: CICA mandates competitive bidding unless justified otherwise.

Question 4​ What is the role of a Contracting Officer (CO)?​

• To audit financial records​

B) To execute and administer contracts​

• To develop procurement law​
• To manage employee training​

Rationale: The CO is responsible for contract execution.

Question 5​ Which document initiates the acquisition process?​

• Invoice​

B) Acquisition Plan​

• Performance Report​
• Bid Protest​

Rationale: The acquisition plan outlines the procurement strategy.

Question 6​ What is the purpose of a Request for Proposal (RFP)?​

• To award a contract without competition​

B) To solicit proposals from offerors​

• To audit contractor performance​
• To negotiate employee salaries​

Rationale: An RFP seeks detailed proposals for evaluation.

Question 7​ True or False: Cost-reimbursement contracts shift most risk to the contractor.​

• True​

B) False​

Rationale: These contracts shift risk to the government.

Question 8​ Which FAR clause addresses changes to a contract?​

A) 52.212-4​

B)

52.243-1​

C) 52.222-1​

D) 52.232-1​

Rationale: FAR 52.243-1 covers contract modifications.

Question 9​ What is a key ethical obligation under FAR?​

• Maximizing personal profit​

B) Avoiding conflicts of interest​

• Ignoring procurement rules​ 2 / 3

• Bypassing competition​

Rationale: Ethics require impartiality in procurement.

Question 10​ Which type of contract is most suitable for uncertain requirements?​

• Fixed-price​

B) Cost-reimbursement​

• Time-and-materials​
• Indefinite-delivery​

Rationale: Cost-reimbursement allows flexibility for unknowns.

Question 11​

True or False: The DFARS applies only to civilian agencies.​

• True​

B) False​

Rationale: DFARS applies to Department of Defense contracts.

Question 12​ What is the role of the Source Selection Authority (SSA)?​

• To audit financial statements​

B) To make final contract award decisions​

• To develop acquisition plans​
• To negotiate with vendors​

Rationale: The SSA approves contract awards.

Question 13​ Which FAR part governs contract disputes?​

• Part 7​
• Part 15​

C) Part 33​

• Part 52​

Rationale: FAR Part 33 addresses disputes and appeals.

Question 14​

True or False: A sole-source contract requires justification.​

A) True​

• False​

Rationale: Justification is needed to bypass competition.

Question 15​ What is the purpose of the Independent Government Cost Estimate (IGCE)?​

• To evaluate contractor ethics​

B) To estimate fair and reasonable costs​

• To audit contract performance​
• To set employee salaries​

Rationale: The IGCE ensures cost realism.

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