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CON 3910 Practice Exam 1 Questions
and Answers 100% Solved
Market Research is conducted during which phase of acquisition? ✔✔All phases of the acquisition
What is the use of a procedure that is inconsistent with the FAR ✔✔Deviation
Simplified Acquisition Procedures (SAP) should: ✔✔Promote competition to the maximum extend practicable
What is the tool (form) used by DoD to apply a structured profit/fee? ✔✔DD Form 1547 - Weighted Guidelines Method
What type(s) of contracts can be awarded when acquiring commercial items of supply? ✔✔Only firm-fixed-price contracts OR fixed-price contracts with economic price adjustment
When using invitations for bids (IFBs), what type(s) of contracts can be awarded? ✔✔Only firm- fixed-price contracts OR fixed-price contracts with economic price adjustment
Which of the following is correct regarding the DFARS Procedures Guidance and Information (PGI)? ✔✔The DFARS PGI is a companion resource to the DFARS
Which of the following statements is accurate regarding the Government's policy on contract modifications? ✔✔Only contracting officers acting within the scope of their authority are authorized to execute contract modifications on behalf of the Government
Which of the following is accurate about unilateral modifications? ✔✔Are only signed by a Government contracting officer, not the contractor
Except when authorized otherwise, a Government contract: ✔✔Must be in writing
Which is NOT a type of contracting officer? ✔✔Executive contracting officer
With respect to the requirements of law, executive orders, regulations and all other applicable procedures, prior to signing a contract, a contracting officer must: ✔✔Ensure that all statutory requirements have been met and try to ensure all regulations or applicable procedures have been followed.
How many parts are there in the FAR? ✔✔ 53
What is a Procurement Instrument Identifier (PIID)? ✔✔A unique number identifying each solicitation, contract, agreement, or order and related procurement instrument.
The DoD Procurement Instrument Identifier (PIID) is 13 positions long. Position 9 identifies the type of instrument. If position 9 is a "D", which of the following types of instruments is representative? ✔✔Indefinite-delivery contracts to include IDIQs and requirements contracts
You are reviewing a contract that utilizes the uniform contract format. In Section J you see an exhibit. How will the exhibit be displayed? ✔✔With one or two alpha characters (Ex: Exhibit AA)
Your customer comes to you anticipating a new requirement, one that has not been purchased recently. You'd like to refer them to the FAR part dealing specifically with market research. Which FAR part do you refer them to? ✔✔FAR part 10
Of the following types of contracts, which shall not be used in Government contracting? ✔✔Cost-plus-a-percentage-of-cost
When can a time-and-materials (T&M) contract be used? ✔✔A T&M contract may be used only when it is not possible at the time of placing the contract to estimate accurately the extent or duration of the work or to anticipate costs.
What underlying principle should the contracting officer follow to avoid organizational conflicts of interests? ✔✔Prevent unfair competitive advantage
Terms that address specific types of exchanges with offerors after receipt of proposals include: ✔✔communications, discussions, and clarifications
With limited exceptions as authorized by agency regulations, what does the FAR say about Government employees soliciting and accepting gifts from contractors? Government employees: ✔✔May not solicit or accept gifts
What is the general guidance provided by the FAR for contractor bid or proposal information? ✔✔it may not be disclosed to anyone unless they are authorized to receive it
Who is the individual designated and authorized in writing by the contracting officer to perform specific technical or administrative functions? ✔✔Contracting Officer Representative (COR)
Which of the following statements is accurate regarding Acquisition Teams? ✔✔The Acquisition Team includes representatives of the technical, supply, and procurement communities, the customers they serve, and the contractors who provide the products and services
Select the statement that is NOT conducive toward forming a cohesive team? ✔✔The Government should foster an "arms length" approach for an effective relationship
The authority of a contracting officer's representative (COR) shall be: ✔✔Designated in writing, with a copy given to the contractor and contract administration office
Which event is meant to aid both the Government and contractor personnel to 1) achieve a clear and mutual understanding of all contract requirements, and 2) identify and resolve potential problems after contract award? ✔✔Post award Orientation conference
Where in the FAR can you find guidance on how to establish, maintain, and dispose of Government contract files? ✔✔FAR Part 4
In a Determination and Findings, the findings are: ✔✔support for the determination
In briefing prenegotiation objectives for approval, contracting officers should ensure their briefing slides are: ✔✔simple and concise
Which of the following is an accounting or financial term when addressing contractual funding issues? ✔✔fiscal
