Far Parts 1 - 5

5 Questions | By Ahunter400 | Last updated: Mar 21, 2022 | Total Attempts: 830

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