Practice Test Geeks(CFCM) Certified Federal Contracts Manager Practice Test
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Fundamentals & Core Concepts Flashcards

7 cards from real CFCM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Fundamentals & Core Concepts flashcards as text

  1. Which FAR subpart establishes the policy that acquisition planning must begin as soon as a need is identified?

    Answer: FAR Subpart 7.1

    FAR Subpart 7.1 governs acquisition plans and requires planning to begin as early as possible in the acquisition cycle.

  2. What term describes the legal authority granted to a Contracting Officer to enter into, administer, or terminate contracts on behalf of the government?

    Answer: Warrant

    A warrant is the official document that grants a Contracting Officer the legal authority to bind the government in contractual agreements.

  3. Under the Competition in Contracting Act (CICA), what is the default competition requirement for federal acquisitions?

    Answer: Full and open competition

    CICA mandates full and open competition as the default, allowing all responsible sources to compete for federal contracts.

  4. Which document serves as the primary vehicle for communicating the government's requirements to prospective offerors in a negotiated acquisition?

    Answer: Request for Proposal (RFP)

    A Request for Proposal (RFP) is used in negotiated acquisitions to solicit offers and allows for discussion and negotiation with offerors.

  5. What is the primary purpose of the Federal Acquisition Regulation (FAR)?

    Answer: To codify uniform acquisition policies and procedures for executive agencies

    The FAR establishes uniform acquisition policies and procedures that all executive branch agencies must follow when procuring goods and services.

  6. A contractor who knowingly presents a false claim to the government may be liable under which federal statute?

    Answer: False Claims Act

    The False Claims Act imposes civil and criminal penalties on contractors who knowingly submit fraudulent claims or statements to the federal government.

  7. Which type of contract places the maximum cost risk on the contractor?

    Answer: Firm-Fixed-Price (FFP)

    Under a Firm-Fixed-Price contract, the contractor bears all cost risk because the price is set at award and does not change regardless of actual costs incurred.

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  1. ncmahq.org — Exam format, passing score, retake policy, score release, time limit, score validity, fees, test dates, test delivery · verified Oct 2026