Question
I need help answering the study questions below? The course is CON 090 Contracting Fundamentals. Thank you in-advance? Question 1 What are the roles of
I need help answering the study questions below? The course is CON 090 Contracting Fundamentals. Thank you in-advance?
Question 1
What are the roles of Congress in the fund appropriation process? Select all
that apply.
D Determining how much should be spent on a given contract.
D Assigning new colors of money.
D Voting on the budget authority.
D Voting on the amount of obligations that can be incurred.
Question 2
Violations of the Anti-deficiency Act can include what types of punishments?
Select all that apply.
D A fine of up to $5,000.
D Suspension from duty without pay.
D A fine of up to the amount of the violation.
D Loss of security clearance.
D Imprisonment of up to 2 years depending on the severity of the violation.
D Removal from office.
Question 3
Which of the below examples is a violation of the Bona-fide Need Rule?
6 The contracting specialist processes a contractual action that results in an
overpayment to a contractor.
6 The contracting specialist process a contractual action without written assurance
from the financial authority that adequate funds are available.
6 The contracting specialist processes a contractual instrument to purchase an
aircraft for the Air Force using funds allocated for the Army.
6 The contracting specialist process a contractual instrument to purchase supplies
in FY14 that are not needed until FY 16, because it's the end of the fiscal year and
there are still FY14 funds remaining.
Question 4
The contracting specialist process a contractual action without written
assurance from the financial authority that adequate funds are available.
This is an example of a violation of which of the following?
(') Appropriations Act
(') Anti-deficiency Act
(') Bona-fide Need Rule
Question 5
A Payment Specialist of the financial management community team has
which of the following responsibilities?
o Managing the money
o Disbursing funds to cover contractor invoices
o Certifying that money is available
o Determining that a contract price is fair and reasonable.
Question 6
Upon acceptance of the product or service, the contractor sends a(n)
____ to DFAS, which makes payments (also called outlays) to the
contractor.
o Payment
o Copy of the contract
o Invoice
o Purchase Request
Question 7
Which of the following is TRUE regarding a post-award orientation for a
newly awarded contract?
Question 7
Which of the following is TRUE regarding a post-award orientation for a newly awarded contract?
It can serve as substitute for a contractor who did not fully understanding the work requirements when their offer
was submitted.
o It can serve as substitute for a contractor who did not fully understanding the work
requirements when their offer was submitted.
o It can be used to modify, if appropriate under the circumstances, the final
agreement arrived at in competitive discussions leading to contract award.
o Maximum benefits will be realized when orientation is conducted promptly after
award.
o The contracting officer must arrange for an orientation for this type of contract if
requested by the contractor in writing.
Question 8 1
The contracting officer may retain all of the following contract administration
functions, EXCEPTo
Determine the adequacy of the contractor's accounting system.
o Ensure timely notification by the contractor of any anticipated overrun or underrun
of the estimated cost under cost-reimbursement contracts.
o Cause release of shipments from contractor's plants according to the shipping
instructions.
o Maintain surveillance over contractor compliance with FAR 52.222-50, Combating
Trafficking in Persons
.
Question 9
Which of the following is TRUE regarding production surveillance?
o It is performed on contractors that only have Criticality Designator C contracts.
o It is a substitute for inspection and acceptance activities.
It can be used to modify, if appropriate under the circumstances, the final agreement arrived at in competitive
discussions leading to contract award.
Maximum benefits will be realized when orientation is conducted promptly after award.
The contracting officer must arrange for an orientation for this type of contract if requested by the contractor in writing.
Question 9
Which of the following is TRUE regarding production surveillance?
It is performed on contractors that only have Criticality Designator C contracts.
It is a substitute for inspection and acceptance activities.
It involves Government review and analysis of Contractor performance plans, schedules, controls, and industrial
processes.
It makes the Government responsible for timely performance.
o It involves Government review and analysis of Contractor performance plans,
schedules, controls, and industrial processes.
o It makes the Government responsible for timely performance.
Question 10
Failure to adhere to contract terms concerning subcontracting goals is an
example of what type of contractor performance problem?
o Compliance
o Schedule
o Quality
o Cost
Question 11
Generally, contractors are held liable for the loss of Government-furnished
special test equipment under which of the following types of contracts?
o Time-and-material contracts
o Cost-reimbursement contracts
o Negotiated fixed-price contracts awarded on a basis other than certified cost or
pricing data
o None of these
Question 12
Scenario: Currier Corporation has been issued a letter contract by the Navy with a ceiling of $175,000. The
contract contains all required FAR and DFARS clauses. After award, Currier decides to subcontract part of
the work to Lunsford Corporation. The subcontract will be cost-plus fixed-fee with a value of $50,000.
Currier does not have an approved purchasing system.
Question: Pursuant to the FAR and DFARS clauses in the contract, which of the following is TRUE regarding
the subcontract to Lunsford?
Currier need not provide advance notification nor request consent to subcontract.
Currier must provide advance notification, but need not request consent to
subcontract.
Currier need not provide advance notification, but must request consent to subcontract.
Currier must provide advance notification and request consent to subcontract.
Question 13
Scenario: The Elsesser Corporation is performing a cost-plus fixed-fee research and development contract for
the Navy valued at $1 million. The contract contains all required FAR and DFARS clauses. The contract requires
Elsesser Corporation to deliver four prototypes by 3 February 2014. Elsesser delivers the prototypes on 29
January 2014 and the Government accepts them. On 18 February 2014, the Government end user informs the
contracting officer that three of the four prototypes are defective and will need to be repaired. On 3 March
2014, the contracting officer requests that Elsesser repair or replace the defective prototypes at no cost to the
Government. Elsesser refuses, claiming that they are not liable because the Government already accepted the
prototypes. However, they would be willing to repair or replace the prototypes for an additional cost and fee.
The delivery of the defective prototypes was not due to fraud, lack of good faith, or willful misconduct on the
part of the contractor, or mismanagement of contractor employees.
they would be willing to repair or replace the prototypes for an additional
cost and fee.
The delivery of the defective prototypes was not due to fraud, lack of good
faith, or willful misconduct on the part of the contractor, or mismanagement
of contractor employees.
Question: Pursuant to the FAR and DFARS clauses in the contract, which
of the following is TRUE?
o The Govemment must reimburse Elsesser for its allowable costs of repairing or
replacing the prototypes, but does not have to pay any additional fee.
o The Govemment must reimburse Elsesser for its allowable costs of repairing or
replacing the prototypes and will have to pay an additional fee.
o The Govemment must make an equitable adjustment to the contract price.
o Elsesser must repair or replace the prototypes at no cost to the Govemment.
Question 14
Which of the following statements is true regarding documentation of
performance information?
o Performance information is publicly available information about a contractor's
ability to perform.
o Performance information is relevant information, for future source selection
purposes, regarding a contractor's actions under previously awarded contracts.
o Performance information is documented in order to support the application of
liquidated damages.
o Performance information is all negative information related to a contractor's
performance on a contract
Question: Pursuant to the FAR and DFARS clauses in the contract, which of the following is TRUE?
The Government must reimburse Elsesser for its allowable costs of repairing or replacing the prototypes, but does not
have to pay any additional fee.
The Government must reimburse Elsesser for its allowable costs of repairing or replacing the prototypes and will have to
pay an additional fee.
The Government must make an equitable adjustment to the contract price.
Elsesser must repair or replace the prototypes at no cost to the Government
Question 15
The following is an example of a unilateral contract modification:
o A contract modification issued by the contractor
o An administrative change that does not affect the contract price
o A contract modification signed by the Contracting Officer and the contractor
o A negotiated change that results in a supplemental agreement
Question 16
Bilateral modifications are always used to do which of the following?
o Exercise contract options
o Issue contract termination notices.
o Definitize letter contracts.
o Suspend work
Question 17
The Government's policy pertaining to contract modifications is to:
o Ensure they are used to document changes that have already occurred on the
contract.
o Ensure they are priced before their execution if this can be done w~ hout adversely
affecting the interest of the Government.
Question 17
The Government's policy pertaining to contract modifications is to:
Ensure they are used to document changes that have already occurred on the contract.
Ensure they are priced before their execution if this can be done without adversely affecting the interest of the
Government.
Be issued within 10 days of a change being identified.
o Be issued within 10 days of a change being identified.
o Be executed by either the Contracting Officer or the Contracting Officer's
Representative.
Question 18
Constructive changes often arise as a result of (select all that apply):
3 pts
D Acceleration of contract performance to finish sooner than the contract schedule
D Disagreement over contract requirements
D Defective or improperly interpreted specifications and misleading information
D Negotiations related to defined changes.
D Enforcement of contract terms and conditions.
Question 19 1 pts
The Contracting Officer can use the authority of the "Changes" clause to
issue a change order. Which of the following is true regarding these orders?
D They may be used by the CO as long as proper notice is provided to all sureties.
D They may be used to make unilateral changes in the method of shipment or
packing or place of delivery.
D They can be used to increase the quantity of items required under the contract.
D They may be issued under commercial item contracts.
Be executed by either the Contracting Officer or the Contracting Officer's Representative.
Question 20 1 pts
For a supply contract, which one of the following clauses provides for an
adjustment to the delivery schedule if the contracting officer fails to act
within the time specified in the contract?
o FAR 52.249-8, Default (Fixed-Price Supplies and Services)
o FAR 52.242-17, Government Delay of Work
o FAR 52.242-14, Suspension of Work
o FAR 52.242-15, Stop-Work Order
Question 21
Scenario: Spohn Corporation is performing a cost-plus fixed-fee contract
for services valued at $5 million for the Navy. The contract contains all
required FAR and DFARS clauses. During contract performance, the
contracting officer issues a change order to revise the statement of work.
Within 30 days of receiving the change order, Spohn requests an equitable
adjustment in the estimated cost, fixed fee, and completion schedule due to
his increased performance costs and delays that will result from the
change. Additionally, Spohn's assertion of increased performance costs
and delays are found to be true.
Question: Pursuant to the FAR and DFARS clauses in the contract, which
of the following is accurate?
o The contracting officer is required to adjust the estimated cost of the contract and
the completion schedule, but not the amount of fixed fee.
o The contracting officer is required to adjust the estimated cost of the contract, the
completion schedule, and the amount of fixed fee.
Question 21
Scenario: Spohn Corporation is performing a cost-plus fixed-fee contract for services valued at $5 million for
the Navy. The contract contains all required FAR and DFARS clauses. During contract performance, the
contracting officer issues a change order to revise the statement of work. Within 30 days of receiving the
change order, Spohn requests an equitable adjustment in the estimated cost, fixed fee, and completion
schedule due to his increased performance costs and delays that will result from the change. Additionally,
Spohn's assertion of increased performance costs and delays are found to be true.
Question: Pursuant to the FAR and DFARS clauses in the contract, which of the following is accurate?
The contracting officer is required to adjust the estimated cost of the contract and the completion schedule, but not the
amount of fixed fee.
The contracting officer is required to adjust the estimated cost of the contract, the completion schedule, and the
amount of fixed fee.
The contracting officer is not required to adjust any of the contract terms.
The contracting officer is only required to adjust the estimated cost of the contract.
o The contracting officer is not required to adjust any of the contract terms.
o The contracting officer is only required to adjust the estimated cost of the contract.
Question 22
Scenario: Malloy Corporation is performing a firm-fixed-price contract for
noncommercial supplies valued at $10 million. The contract contains all
required FAR and DFARS clauses. Pursuant to the contract, (1) Malloy
must receive approval by the Government prior to commencing production
and (2) the Government must notify Malloy of its approval or disapproval
within five days of Malloy's request. During contract performance, the
Government takes 30 days to approve Malloy's request. Accordingly,
Malloy submits a claim in a timely manner to the contracting officer for a
schedule extension and a price increase to cover the increase in the cost of
and time required for performance caused by the Government's delay.
Question: Pursuant to the FAR and DFARS clauses included in the
contract, Malloy Corporation would be entitled to which of the following?
6 Time extension and price increase (excluding profit)
6 Time extension only
6 Time extension and price increase (including profit)
6 Price increase (excluding profit) only
6 Price increase (including profit) only
Question 23
Payments for accepted supplies or services are called
Payments made prior to acceptance of supplies or services are called
'-----------'I
Question 24
________ are contract financing payments made on the basis of-
(1) Performance measured by objective, quantifiable methods;
(2) Accomplishment of defined events; or
(3) Other quantifiable measures of results.
o Performance based payments
o Advance payments
o Commercial interim payments
o Progress payments
Question 25
Which contract financing method provides for payment prior to the
commencement of work?
o Progress payments based on costs
o Advance payments
Performance-based payments
Commercial interim payments
o Performance-based payments
o Commercial interim payments
Question 26
Scenario: Ridings Corporation is a HUBZone small business concern
performing a firm-fixed-price contract valued at $300,000 for the Marine
Corps. The contract provides for progress payments based on costs at the
customary progress payment rate . The contract contains all required FAR
and DFARS clauses. Ridings is not using any subcontractors. After the
first month of performance , Ridings has incurred $100,000 in costs and has
submitted his first progress payment request.
Question: Pursuant to the terms of the contract, what is the most that the
Government should pay Ridings?
0 $80,000
0 $95 ,000
0 $85,000
0 $90 ,000
Question 27
Which one of the following factors is not considered in determining whether
a contractor's invoiced costs are allowable?
o Allocability
o Terms of the contract
Question 27 1
Which one of the following factors is not considered in determining whether a contractor's invoiced costs are
allowable?
Allocability
Terms of the contract
28 The prompt payment act requires the goverment pay contractors in a timely manner. Which of the following true regardin this act.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started