Cfcm Final Exam Questions - Questions & Answers (Rated A+) Best 2024

Which of the following would be necessary for sealed bidding to be appropriate? {Ans: The award will be made on the basis of price and price-related factors}Which of the following is true about acquisitions for which the World Trade Organization Government Procurement Agreement applies? {Ans: The contracting officer must not include technical requirements in solicitations solely to preclude the acquisition of eligible products}What is an example of an exemption to a member of the public under the Freedom of Information Act? {Ans: A statement made by a contracting officer to a mediator to resolve a dispute}When requesting information from potential sources in market research, what should agencies do? {Ans: Request the minimum amount of information necessary}Which of the following is not a function of the General Services Administration? Authorizing other agencies to award schedule contracts, Management of U.S. Federal property, Managing schedule contracting for military items, Publicizing regulations governing acquisition of real property {Ans: Managing schedule contracting for military items}A contractor receives a refund relating to an allowable cost. What shall the contractor do with the applicable portion of the refund? {Ans: The contractor may credit it to the Government either as a cost