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: Jul 28, 2025

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Question 1

All of the following are true concerning Project Wage Determinations EXCEPT:

A : They are issued at the specific request of a contracting agency

B : They are effective for 90 calendar days from the date of determination

C : They are used only when no general wage determination applies

D : They apply only to the contracts for which they were issued

Answer: B

Question 2

Which of these is NOT a normal function of a contract administration office?

A : Review the Contractor's compensation structure and insurance plans

B : Conduct post-award orientation conferences

C : Assist the contractor in management of its subcontractors

D : Determine the Contractor's compliance with Cost Accounting Standards

Answer: C

Question 3

Which of the following is an example of a contract under which contractors could be authorized to use Government supply sources?

A : Government firm-fixed price contract

B : Contract under the Javits-Wagner-O'Day Act

C : A negotiated contract with a contractor that has no other Government cost-reimbursement type contracts

D : Time and materials contracts for repair of commercial equipment

Answer: B

Question 4

All of the following are true concerning Project Wage Determinations EXCEPT:

A : They are issued at the specific request of a contracting agency

B : They are effective for 90 calendar days from the date of determination

C : They are used only when no general wage determination applies

D : They apply only to the contracts for which they were issued

Answer: B

Question 5

If defective pricing is discovered after award:

A : The Government has no recourse

B : The contractor determines the amount of increase and bills the Government

C : The Government is entitled to a price adjustment if the amount is significant

D : A 15% penalty applies to any overpayment attributable to the contractor's error

Answer: C

Page: 1 / 25

Total 121 Questions | Updated On: Jul 28, 2025

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