Question 42 options: source selection simplified acquisition procedures contracting by negotiations sealed bidding Save Question 43 (1 point) In lieu of initiating a new contract, businesses can look to __________. Question 43 options: required sources, the Economy Act, and General Services Administration (GSA) schedules statutes and executive ordering agreements indefinite-delivery contracts, agreements, a purchase card both a and c Save Question 44 (1 point) The contracting process is broken into three phases: planning, execution, and assessment. Question 44 options: True False Save Question 45 (1 point) The Integrated Acquisition Environment (IAE) was established to facilitate cost-effective acquisition, but it doesn't focus on current inefficiencies in acquisition. Question 45 options: True False Save Question 46 (1 point) Contracts are grouped into two broad categories: fixed-price contracts and cost-reimbursement contracts. Question 46 options: True False Save Question 47 (1 point) E-business has benefits such as the elimination of duplication of effort; however, it also faces the challenge of constant change in the technical environment. Question 47 options: True False Save Question 48 (1 point) Pricing/competition, historical data, subcontracting, and concurrent contracts are some of the factors to be considered when initiating a new contract. Question 48 options: True False Save