Far Parts 1 - 5

5 Questions | Total Attempts: 670

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Study Quizzes & Trivia

The questions in this quiz cover FAR Parts 1 - 5 and follow the material presented in the NCMA CFCM Study Guide.


Questions and Answers
  • 1. 
    Revisions to the FAR will be prepared and issued through the coordinated action of
    • A. 

      The General Services Administration and FAR Secretariat

    • B. 

      The Defense Acquisition Regulations Council and the Civilian Acquisition Council

    • C. 

      The Defense Logistics Agency and the General Services Administration

    • D. 

      The FAR Revisions Board and FAR Secretariat

  • 2. 
    ___________ means that the costs in an offeror's proposal - (1) Are realistic for the work to be performed; (2) Reflect a clear understanding of the requirements; and (3) Are consistent with the various elements of the offeror’s technical proposal.
    • A. 

      Cost reasonableness

    • B. 

      Cost adequacy

    • C. 

      Cost consistency

    • D. 

      Cost realism

  • 3. 
    "Source Selection Information" is information which is determined by the head of the agency or contracting officer
    • A. 

      As necessary information to be included in a Solicitation in order for Offerors to to prepare responsive offers or quotations

    • B. 

      To be publicly available background information on all Offerors which should be taken into consideration by the Source Selection Evaluation Board

    • C. 

      That its disclosure would jeopardize the integrity or successful completion of the Federal agency procurement to which the information relates

    • D. 

      be information the Source Selection Evaluation Board identified as critical deficiencies during the evaluation of unsuccessful Offerors solicitation responses

  • 4. 
    The antitrust laws are intended to
    • A. 

      Ensure that markets operate competitively

    • B. 

      Prevent members of the Acquisition Team from violating each others trust

    • C. 

      Prevent contractors from establishing trusts as part of Executive Compensation

    • D. 

      Deter subcontractors from making payments for the purpose of improperly rewarding favorable treatment

  • 5. 
    Contracting officers shall distribute copies of contracts or modifications within ________ days after execution by all parties
    • A. 

      5 calendar days

    • B. 

      10 calendar days

    • C. 

      10 working days

    • D. 

      15 working days