Free NCMA CFCM Exam Questions

Become NCMA Certified with updated CFCM exam questions and correct answers

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Total 121 Questions | Updated On: Dec 17, 2025

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Question 1

There are two value engineering approaches, the:

A : Contractor approach and the Government program

B : Government approach and the contractor program

C : Incentive approach and the mandatory program

D : Mandatory approach and the incentive program

Answer: C

Question 2

Performance and payment bonds are required or may be required for:

A : Construction contracts exceeding $2,000

B : Construction contracts exceeding $100,000

C : Services and supply contracts exceeding the simplified acquistion threshold when necessary to protect the Government's intrest

D : Both b and c

Answer: D

Question 3

Which of the following is the name of GSA's electronic system which allows ordering activities to post requirements, obtain quotes, and issue orders electronically:

A : GSA Advantage!

B : GSA Stock

C : E-Buy

D : Customer Supply Center

Answer: C

Question 4

The contracting officer's certification can serve as approval of the justification for other than full and open competition for a proposed contract NOT exceeding

A : $25,000

B : $550,000

C : 1,500,000

D : $5,000

Answer: B

Question 5

The process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit is called:

A : Technical analysis

B : Price analysis

C : Field pricing support analysis

D : Informal analysis

Answer: B

Page: 1 / 25

Total 121 Questions | Updated On: Dec 17, 2025

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