Accounting > QUESTIONS & ANSWERS > CFCM Study Guide: FULL TEST (All)

CFCM Study Guide: FULL TEST

Document Content and Description Below

CFCM Study Guide: FULL TEST Which of the following statements is NOT true? a. The government encourages the maximum practicable commercial use of inventions made under government contracts. b. The ... government recognizes rights in data developed at private expense, and limits its demands for delivery of that data. c. The government requires that contractors obtain permission from copyright owners before including copyrighted works, owned by others, in data to be delivered to the government. d. Generally, the government will refuse to award a contract on the grounds that the prospective contractor may infringe a patent. - ✔✔d. Generally, the government will refuse to award a contract on the grounds that the prospective contractor may infringe a patent. FAR 27.102 Performance and payment bonds are required or may be required for a. construction contracts and services and supply contracts exceeding $2,000. b. construction contracts exceeding $150,000. c. any contract for services, d. construction contracts exceeding $150,000 and services and supply contracts exceeding the SAT when necessary to protect the governments interests. - ✔✔d. construction contracts exceeding $150,000 and services and supply contracts exceeding the SAT when necessary to protect the governments interests. FAR 28.102-1(a), 28.103-1(a), 28.103-2(a) Cost Accounting Standards Board rules and regulations apply to a. negotiated contracts and subcontracts. b. sealed bid contracts. c. contracts with small business concerns. d. bridge contracts. - ✔✔a. negotiated contracts and subcontracts. FAR 30.000 The head of the agency may waive the applicability [Show More]

Last updated: 2 years ago

Preview 1 out of 73 pages

Buy Now

Instant download

We Accept: