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Question: Acquisition planning is done to A Promote and provide for acquisition of commercial items B Delegate contract management responsibilities to the contracting officer C

Question:

Acquisition planning is done to

A

Promote and provide for acquisition of commercial items

B

Delegate contract management responsibilities to the contracting officer

C

Provide contract funding to the solicitation documents

D

Establish the requirements before conducting market research

Question:

The Federal Acquisition Streamlining Act (FASA) is very comprehensive piece of legislation that changed procurement laws. Which of the following is something that was changed by FASA?

A

Required consideration of a contractors past performance

B

Required each federal agency to develop different terms and conditions

C

Extended the time limits for processing bid protest

D

Discontinued task order contracting

Question:

The government may utilize other than full and open competition when certain statutory authorities are applicable. Which of the following is not a statutory authority which allows for other than full and open competition?

A

Only one responsible source

B

Requiring activity needs dictate a particular vendor

C

Public interest

D

Unusual or compelling urgency

Question:

The Office of Federal Procurement Policy is structured and empowered to do all of the following except

A

Provide best value to the taxpayer

B

Prioritize the development of the acquisition workforce

C

Directing the activities of the Federal Acquisition Institute and Defense Acquisition University

D

Provide a data system that gives federal managers the information they need to evaluate results and plan effectively for the future

Question:

Under FASA, which of the following is now required?

A

Certification of claims over established thresholds

B

Reporting of contacts with federal contractors regarding employment

C

Disclosure of patents that cover any contract deliverable

D

Consideration of a contractors past performance in source selection decisions

Question:

The contract management triangle consists of

A

Cost, schedule, quality

B

Payment, performance, priorities

C

Invitation For Bid, Request For Proposal, Request For Quotation

D

Inspection, acceptance, payment

Question:

Which of the following is a method of simplified acquisition?

A

Commercial purchase card

B

Simplified letter contract

C

Basic ordering agreement

D

Negotiated contracting

Question:

In order to receive a government contract, a company must be registered in the

A

System for Award Management

B

Federal Procurement Data System

C

Federal Contract Clearinghouse

D

Central Contractor Registration

Question:

What method of acquisition permits award without discussion?

A

Negotiated

B

Sealed bid

C

Simplified

D

Commercial

Question:

Award of a sealed bid contract is done on the basis of

A

Price and price related factors

B

Cost/technical tradeoff

C

Highest technical score

D

Stated evaluation factors

Question:

A prime contract is awarded by the government to company A. Company A awards a subcontract to company B which then awards a subcontract to company C. Which of the following statements is true?

A

There is privity of contract between company A and company C

B

There is privity of contract between the government and company C

C

There is privity of contract between the government and company A

D

There is privity of contract between the government and company B

Question:

Which FAR Part prescribes policies and procedures for including inspection, acceptance, and warranty?

A

FAR Part 46, Quality Assurance

B

FAR Part 42, Contract Administration

C

FAR Part 43, Contract Modifications

D

FAR Part 4, Administrative Matters

Question:

Statutes are issued in the FAR through

A

The federal register rulemaking process

B

Each agency's statutory implementation process

C

The Office of Management and Budget

D

Congressional liasions with executive agencies

Question:

FAR Part 3 provides that Transactions relating to the expenditure of public funds require the highest degree of public trust and

A

An impeccable standard of conduct

B

Fair and reasonably-priced contracts

C

Full and open competition for all acquisitions

D

Fair and honest contracting officers

Question:

The role of the legislative branch in the government contracting process is to

A

Appropriate funds to federal agencies

B

Award contracts on behalf of federal agencies

C

Oversee federal procurement and financial management

D

Issue executive orders that impact the contracting process

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