Question
Study material questions for quiz reference material request: 17. TRUE or FALSE (Choose one): When approval of a contractor's purchasing system is withheld or withdrawn,
Study material questions for quiz reference material request:
17. TRUE or FALSE (Choose one): When approval of a contractor's purchasing system is withheld or
withdrawn, the Administrative Contracting Officer (ACO) shall within 10 days after completing the inplant
review request the contractor to furnish within 15 days a plan for accomplishing the necessary
actions.
Reference: ____________
18. Which of the following is NOT a necessary element of a binding contract?
a. Addendum
b. Consideration
c. Clear terms and conditions
d. Offer
19. Funds for federal acquisitions are appropriated by the
a. Legislative branch.
b. Judicial branch.
c. Executive branch.
d. Department of the Treasury.
20. The Federal Acquisition Regulatory Council is part of which of the following?
a. Congress
b. The courts
c. The Executive branch
d. The Department of Defense
21. A major role of the judicial branch in the acquisition process is
a. To appropriate funds.
b. To review budget authority.
c. To develop procurement policies.
d. To decide disputes between the government and contractors.
22. Which of the following is not a source of Federal Contract Law?
a. Statutes
b. Constitution
c. Common law
d. Public opinion polls
23. The Federal Acquisition Regulation System was created
a. To provide a single, uniform acquisition regulation for all executive agencies.
b. About the same time as the U.S. Constitution.
c. To confuse government employees and contractors.
d. As a non-binding reference guide.
24. To research recent approved FAR changes, you must consult
a. FedBizOpps.
b. The Office of Management and Budget (OMB) Circulars.
c. The Federal Acquisition Circulars (FACs).
d. Executive Orders.
25. In the federal acquisition process, a contract is awarded and administered by the
a. Program Manager.
b. Comptroller.
c. Contracting Officer (CO).
d. Contracting Officer's Representative (COR).
26. In the federal acquisition process, monitoring the technical performance of government contractors,
inspecting deliverables, and comparing progress with the cost objectives are typical post-award duties
delegated to the
a. Procurement analyst.
b. Quality assurance personnel.
c. Small business advocates.
d. Contracting Officer's Representative (COR).
27. A set-aside is
a. An unsolicited procurement.
b. An acquisition reserved for small business concerns.
c. A procurement reserved for businesses in Chapter 11 status.
d. A procurement that need not be acted upon due to lack of funds.
28. Which of the following is NOT a type of set-aside acquisition?
a. Partial small business
b. Total small business
c. DoD procurements
d. Historically Underutilized Business Zone small business
29. Which of the following methods of procurement is characterized by availability of precise specifications
and the absence of discussions with offerors?
a. Small Purchase procedures
b. Sealed Bidding
c. Two-Step Sealed Bidding
d. Negotiation
30. Which of the following types of contract is typically used when there are minimal risks involved in
contracting for supplies or services?
a. Cost plus fixed fee
b. Firm fixed-price
c. Time and materials
d. Basic ordering agreement
31. Which of the following documents is written when negotiation of a definitive contract is not possible in
time to meet a government requirement?
a. Letter contract
b. Time and materials contract
c. Labor hour contract
d. Basic ordering agreement
32. What is the most common way to publicize a proposed contract action, contract awards, and other
acquisition information?
a. Local newspaper
b. Federal Register
c. Agency websites of business opportunities
d. Governmentwide Point of Entry (GPE)
33. In sealed bidding, which of the following is one of the factors used to determine the lowest evaluated
bid price?
a. Possibility of making multiple awards
b. Firm-bid rule
c. Competitive range
d. Certified price data
34. During the technical evaluation of a proposal or quotation, evaluators must take into account thea.
Instructions for proposal preparation.
b. Requirements documents and related aspects of the schedule.
c. The written language of the quotations or proposals.
d. All of the above.
35. A fair and reasonable price is a price that
a. Is fair to buyers and sellers.
b. Represents the lowest possible price.
c. Limits profits to a maximum of 10%.
d. Is high enough to fully reimburse the contractor for the costs of performance.
36. Which of the following is NOT an acceptable basis on which to file a protest to a solicitation or a
contract award?
a. Allegations that specifications are too restrictive
b. Allegations that a nonresponsible bid was accepted
c. Allegations that award was improperly made
d. Allegations that the Contracting Officer was uncooperative
37. The document that should specify both the contractor and the government's performance milestones
is
a. Acquisition plan.
b. Purchase request.
c. Contract administration plan.
d. Procurement plan.
38. The following is an example of a unilateral contract modification: An administrative change that does
not affect the contract price
a. A contract modification signed by the Contracting Officer and the contractor
b. A negotiated change that results in a supplemental agreement
c. A contract modification issued by the contractor
39. Failure to adhere to contract terms concerning labor rates or subcontracting goals is an example of
what type of contractor performance problems?
a. Schedule
b. Cost
c. Quality
d. Compliance
40. Which of the following is a situation for which a Contracting Officer would typically issue a Stop Work
order?
a. The government cannot furnish property or service per the contract schedule.
b. During technical review of contractor warranties
c. During inspection of contractor's product or services
d. All of the above
41. Which one of the following factors is not considered in determining whether a contractor's invoiced
costs are allowable?
a. Reasonableness
b. Allocability
c. Terms of the contract
d. Loan financing
42. A contractor must submit a certificate that a claim is made in good faith if the claim exceeds
a. $50,00
b. $100,000
c. $150,000
d. $300,000
43. Which of the following is a valid reason for terminating a contract?
a. The government appoints a new Project Officer.
b. The Contracting Officer learns of a lower priced commercial item.
c. The government can finish the work at a lower cost.
d. The government no longer has a requirement for the services.
44. Verifying that all required supplies and services associated with a contract have been delivered and
accepted is a step in
a. Contract closeout
b. Debriefing
c. Technical evaluation
d. Procurement planning
45. Soliciting or accepting any gift, favor, entertainment, loan, or anything of monetary value from
someone who seeks government business with your agency is an example of which of the following?
a. Bribery
b. Kickback
c. Collusive bidding
d. Contingency fee
46. Which of the following is acceptable conduct for government personnel?
a. Conspiring to defraud the government
b. Disclosing source selection information
c. Verifying claims using independent sources
d. All of the above
47. Which of the following is acceptable conduct for contractors?
a. Offering employment to a government employee
b. Engaging in indefinite quantity contracting
c. Paying a brokerage fee to secure a government contract
d. Engaging in collusive bidding
48. Which of the following best states the ultimate goal of cost analysis? Reduce the fee or profit proposed
by the offeror.
a. Reach agreement with the offeror on every element of cost.
b. Reach an overall agreement on price even if the parties disagree on the dollar figure for
indirect costs.
c. Obtain a significant reduction in every proposed element of cost, including fee or profit.
49. Which of the following statutes is NOT one of the four basic statutes that govern the federal
acquisition process?
a. Contract Disputes Act
b. Armed Services Procurement Act
c. Small Business Act
d. Federal Procurement Policy Act
50. A key procurement document prepared by the requiring activity is to provide the Contracting Officer
with the information and approvals necessary for initiating a procurement is the
a. Contract.
b. Purchase request.
c. Source list.
d. Synopsis.
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