Which behavior is this behavior by an acquisition stakeholder?

Despite multiple requests from the Program Manager, the financial management representative has failed to provide historic spend information to the rest of the Acquisition Integrated Project Team.

Group of answer choices

Sponsorship

Resistance

Acknowledgement

Uncertainty

Identify the characteristics of a strong business relationship (select all that apply):

Group of answer choices

Commitment

Resistance

Pride

Trust

Fear

You are the contracting officer for a requirement for research reports. The customer has included the requirement for contractors to have an approved Sensitive Compartmented Information Facility (SCIF) workspace. There is no identified historic or anticipated need for classified information for the research reports. How should we proceed?

Group of answer choices

Send out the solicitation, and hope that there are enough vendors with approved SCIF workspace to meet competition requirements. competition.

Contact your legal counsel for a definitive opinion on the matter, and proceed accordingly.

Confirm the requirement with the customer and convey your concerns that the SCIF requirement may unnecessarily restrict competition.

Remove the SCIF requirement from the solicitation as it is unnecessary.

Flag question: Question 4

You are a contract specialist for a recompete of a five year contract for IT Help Desk Services. The incumbent is a large business that has performed exceptionally well. Market research shows that there are at least six small businesses (including woman-owned and veteran owned businesses) that could perform this requirement and are likely to bid on the new effort. Your customer has indicated that he would like to ensure the new contract is awarded to the incumbent, in order to reduce transition disruption and having to "hold the hand" of a new, smaller contractor while they get up to speed. What do you do?

Group of answer choices

Explain that you will advertise the requirement as "full and open" competition, and hope that the incumbent is able to win competitively against any other offerors.

Require the customer to develop and submit a sole source justification to ensure award will be made to the preferred contractor.

Explain that you have no option but to seek legal opinion and then do what the agency lawyers advise.

Explain that the FAR and good business practice requires the Government to set the requirement aside for small businesses and failure to do so could alienate small businesses or even cause a protest when the solicitation is released.

Which of the following phrases correctly defines strategic sourcing?

Group of answer choices

A process for determining whether an activity should be performed under contract with commercial sources or in-house using government facilities and personnel

A regulation that governs the federal process of acquisition. It applies to most, but not all, executive branch agencies.

A collaborative and structured process of analyzing an organization's spend and using the information to make business decisions about acquiring commodities, including services, more efficiently and effectively

A proven strategy focused on leveraging purchasing volume to achieve the best per unit price

What is the main objective of conducting a high-level portfolio spend analysis as part of the opportunity assessment?

Group of answer choices

To understand broad spend categories and patterns for all commodities purchased by the organization

To develop data reports that can be used to generate cross-enterprise support for the strategic sourcing program

To get a detailed understanding of spend related to specific commodities in order to formulate sourcing strategies

To engage stakeholders across the organization in contributing to the strategic sourcing effort

Flag question: Question 7

Question 7

At a minimum, the market research and strategic sourcing strategy should be reviewed and updated how frequently?

Group of answer choices

Semiannually

Quarterly

Annually

Biannually

Flag question: Question 8

Question 8

What is the goal of defining supply market segments as part of a supply market analysis?

Group of answer choices

To select the market segments that are most relevant to the organization's sourcing needs

To determine the most efficient means of purchasing commodities from a particular vendor

To find the companies that can supply material in the most cost effective manner

To formalize a standard commodity structure that can be applied to spend data

Flag question: Question 9

Question 9

Scenario: You are the contracting officer for a requirement for helpdesk support with an estimated value of $2,500,000 total over 5 years. Market research shows there are numerous potential offerors that are competitive in terms of market prices, quality, and delivery. The list of potential offerors includes 3 small businesses and 10 large businesses, all of whom have indicated an interest in performing the requirement and will likely propose if solicited.

Question: Which one of the following statements is correct?

Group of answer choices

The entire acquisition must be set aside for small business.

The entire acquisition may be set aside for small business.

The entire acquisition must be competed between the small and large businesses.

A portion of the acquisition must be set aside for small business.

Flag question: Question 10

Question 10

What type of risk is represented in the following statement:

If the throttle sticks when depressed, then we may not be able to stop the vehicle, resulting in injury.

Group of answer choices

Cost Risk

Schedule Risk

Pseudo Risk

Performance Risk

Flag question: Question 11

Question 11

As the Program Manager for a new acquisition, you have been given the following information. Which statement is a true risk statement and why?

1. The learning curve for the new tool will possibly cost us as much as $50K extra.

2. The newness of the tool is likely to result in the item design costs being $50K over the contract target cost.

Group of answer choices

Statement #1 because it is a complete statement defining the risk problem.

Neither statement is an appropriate categorization of risk because they both lack the specific risk statement details.

Statement #2, because the root cause is the newness of the tool, probability is highly likely, and the consequence is the design costing $50K over target.

Statement #2, because it is more specific in terms of what the problem really is.

Flag question: Question 12

Question 12

What type of acquisition is described by these statements?

The contract describes the work in terms of the required results, rather than either how the work is to be accomplished, or the number of hours to be provided.

The terms of the contract enable assessment of work performed against measurable performance standards.

Group of answer choices

Non-personal services acquisition

Performance based acquisition

Statement of Objectives acquisition

Personal services acquisition

Flag question: Question 13

Question 13

During a service acquisition planning process, the Acquisition Integrated Project Team is interviewing end users to determine their needs and also has regular meetings with the Program Manager to assess and integrate external reporting requirements during contract performance. What step of the service acquisition process is described here?

Group of answer choices

Step 7: Manage Performance

Step 2: Review Current Strategy

Step 1: Form the Team

Step 3: Market Research

Flag question: Question 14

Question 14

Which of the following is true regarding agency small business goals?

Group of answer choices

The Small Business Administration (SBA) negotiates prime contracting goals with the federal departments.

Federal departments determine their federal prime contracting goals.

Government Accountability Office (GAO) independently audits agency performance and determines prime contracting goals.

The SBA unilaterally directs prime contracting goals with the federal departments.

Flag question: Question 15

Question 15

What does this phrase describe?

The contracting officer shall set aside for small business participation any acquisition over the Simplified Acquisition Threshold where there is a reasonable expectation that offers will be obtained from at least two responsible small businesses and award will be made at fair and reasonable prices.

Group of answer choices

Defense Procurement and Acquisition Policy Ombudsmen Policy

Rule of Two

Small Business Innovative Research Program

Small Business Set Aside Act

Flag question: Question 16

Question 16

The following responsibilities belong to which member of the Acquisition Team?

Recommend a set-aside, partial set-aside, or unrestricted acquisition.

Aid in the request of a waiver of the non-manufacturer rule.

Assist in reviewing small business related clauses and provisions.

Group of answer choices

Market Research Specialist

Small Business Specialist

Contract Specialist

Program Manager

Flag question: Question 17

Question 17

Which of the following applies to a Small Business Participation Plan?

Group of answer choices

It requires eleven specific items in accordance with FAR 19.704.

It evaluates overall planned small business usage by a Prime and is a rated evaluation factor.

It is evaluated on a pass/fail basis.

It does not apply to small businesses.

Flag question: Question 18

Question 18

In evaluating both the subcontracting plan and the small business participation evaluation factor, it is important to consider past performance on prior plans and contracts, rely on current market research, and consider input from the administrative contracting officer (ACO), small business professional, and 5BA. Which of the following is considered when evaluating the Small Business Subcontracting Plan evaluation?

Group of answer choices

It may be based on total subcontracted dollars, OR the value of the total acquisition.

It is evaluated on the overall small business participation as a rated evaluation factor.

It is evaluated against the requirements of FAR 52.219-9 and is based on total subcontracted dollars.

It should, but does not have to, apply to small businesses equally.

Flag question: Question 19

Question 19

Which of the following conditions must be present before using monetary incentives?

Group of answer choices

Realistic subcontracting goals.

A sole source award is contemplated.

An acceptable participation plan.

Extraordinary effort must be exerted to exceed the goals.

Flag question: Question 20

Question 20

Which of the following is an appropriate circumstance for a contracting officer to require consent to subcontract?

Group of answer choices

Protecting the government based on subcontract type and complexity.

Protecting the small business subcontractor's right to perform a specific portion of the work.

Protecting the agency's ability to ensure small business utilization goals are met or exceeded.

To protect the prime contractor based on subcontract type and complexity.

Flag question: Question 21

Question 21

When is a written subcontracting plan required?

Group of answer choices

Any contract over $700,000 ($1.5M for construction) with a large business.

When the contract is awarded to a small business and the value exceeds $700,000 ($1.5M for construction) and the CO has determined subcontracting opportunities exist.

When the contract value exceeds $700,000 ($1.5M for construction) and the SBA has determined subcontracting opportunities exist.

When the contract is awarded to a large business and the value exceeds $700,000 ($1.5M for construction) and the CO has determined subcontracting opportunities exist.

Flag question: Question 22

Question 22

When does the role of subcontract management for contracts with subcontracting plans normally transition to the Administrative Contracting Officer?

Group of answer choices

When the CO has determined that subcontracting opportunities exist.

When the subcontracting plan is approved.

When the contract is awarded.

When the solicitation is issued.

Flag question: Question 23

Question 23

This individual is responsible for making the best value decision and is responsible for the proper and efficient conduct of the Source Selection Process in accordance with the procedures and all applicable laws and regulations.

Group of answer choices

Source Selection Advisory Council Chair

Source Selection Authority

The Head of the Agency

Chairman of the Source Selection Evaluation Board

Flag question: Question 24

Question 24

According to DoD Source Selection procedures, identify four of the required elements of a Source Selection Plan?

Flag question: Question 25

Question 25

What is the first step in conducting a source selection?

Group of answer choices

Conduct pre-proposal training.

Conduct a cost realism analysis.

Perform the initial screening of the proposals.

Identify and document evaluation issues.

Flag question: Question 26

Question 26

This is the first time that a small business contractor is in line to get a government contract. You have asked for financial information in order to determine that he is a responsible contractor. What should you do before making an affirmative responsibility determination?

Group of answer choices

Ensure that the product or service ordered will meet customer requirements.

Determine that the purchase price is fair and reasonable.

Verify that the contractor has a minimum line of credit or significant cash reserves at the bank.

Ensure the contractor has the experience and capability to satisfactorily complete contract performance.

Flag question: Question 27

Question 27

Contract financing payments include all of the following EXCEPT:

Group of answer choices

Progress payments based on cost

Progress payments based on a percentage or stage of completion

Advance payments

Delivery payments

Flag question: Question 28

Question 28

What type of financing can be provided if the following conditions are met?

The contractor demonstrates actual financial need or the unavailability of private financing.

If the contractor is a large business, the value of the contract is $2.5 million or more and billing for the first delivery will be in 6 months or more.

Group of answer choices

Loan guarantees

Advance payments

Performance-based payments

Unusual contract financing

Flag question: Question 29

Question 29

Which of the following is NOT a reason to use contract financing?

Group of answer choices

To lower overall contract costs

To expedite performance of essential contracts

To assist first-time foreign contractors

To assist small businesses

Flag question: Question 30

Question 30

A small business contractor performing work under a Marine Corps contract has requested performance based payments. How will the amount of each payment request be calculated?

Group of answer choices

On the basis of the performance event completion and value of each event.

On the basis of percentage of work completed.

On the basis of 1/12th of the contract value for each month of performance.

On the basis of total costs incurred to date.

Flag question: Question 31

Question 31

_____________________ are made by Federal Reserve Banks, on behalf of designated guaranteeing agencies, to enable contractors to obtain financing from private sources under contracts for the acquisition of supplies or services for the national defense.

Group of answer choices

Progress payments

Loan guarantees

Advance payments

Performance based payments

Flag question: Question 32

Question 32

Given a liquidation of a FFP contract using performance based payments with three (3) deliveries, each at $50,000. Cost is $138,000 and profit is $12,000, or 8%. What is the maximum amount of cumulative performance based payments that can be made under this contract?

Group of answer choices

Impossible to determine with the information given.

$124,200

$127,500

$135,000

Flag question: Question 33

Question 33

A small business contractor has requested progress payments after award of its contract. Before progress payments can be made, the following must occur (select all that apply):

Group of answer choices

The contractor must have an approved property management system.

The contract must be modified to authorize progress payments.

The contractor's accounting system must be approved for progress payments.

The contractor has to have completed a portion of the work.

Flag question: Question 34

Question 34

This incentive contract type includes a target profit or fee and an adjustment formula.

Group of answer choices

Award incentive

Delivery incentive

Cost incentive

Performance incentive

Flag question: Question 35

This type of contract is appropriate when:

a firm fixed price contract is not suitable;

the contractor will assume cost responsibility to provide a positive profit incentive;

a target cost and target profit can be established, as well as a ceiling price.

Group of answer choices

Fixed price award fee

Fixed price incentive firm

Fixed price redeterminable

Cost plus incentive fee

Flag question: Question 36

Question 36

Which of the following statements about the use of award fee contracts is accurate?

Group of answer choices

Award fees should only be paid when the amount can objectively determined by measuring the contractor's performance.

Award fee contracts are preferred over any other type of incentive contract.

Award fees must be tied to identifiable interim outcomes, discrete events, or milestones, as much as possible.

There are not really any concerns about using award fee type contracts because they appropriately reward contractor performance for achieving contractual outcomes.

Flag question: Question 37

Question 37

When may undefinitized contract actions (UCAs) be used?

Group of answer choices

When it is impossible to negotiate a definitive contract action in sufficient time to meet requirements, and a binding contract is required to start performance immediately.

When the Contracting Officer determines the use of UCA is appropriate and the situation is urgent.

When it is possible to negotiate a definitive contract action in sufficient time to meet requirements, and a binding contract is required to start performance immediately.

When it is impossible to negotiate a definitive contract action in sufficient time to meet requirements, and funds must be obligated prior to expiration for future performance.

Flag question: Question 38

Question 38

Each letter contract must contain the Limitations of Liability clause. What limit must this clause define?

Group of answer choices

A limit at or below 75% of the estimated cost of the definitive contract.

A limit on the quantity of work that can be performed at or below 50% of the estimated quantity of work expected to be performed.

A limit on the dollar amount the government is responsible for prior to definitization.

A limit on the amount of profit or fee a contractor can earn under this type of contract.

Flag question: Question 39

Question 39

The use of Undefinitized Contract Actions (UCAs) is:

Group of answer choices

Not desirable, because this type of contract action limits how much profit a contractor can earn during performance.

Not desirable, because the risk of an audit is high and there is often not enough documentation in the contract file to support the use of the UCA.

Desirable, because the Government bears a fair share of the risk and the contractor has significant incentive to control costs during the undefinitized period of performance.

Not desirable, because the Government bears most of the risk and the contractor has little incentive to control costs during the undefinitized period of performance.

Flag question: Question 40

Question 40

Small business professionals can provide assistance in meeting many acquisition challenges. When should they become involved in the procurement process?

Group of answer choices

As soon as requirements are defined.

As soon as requirements are defined and funding is secured.

As early as possible, including the requirements definition process.

Once the Acquisition Plan indicates that the coordination time required outweighs the value added.

Flag question: Question 41

Question 41

A written acquisition plan is required under which of the following circumstances?

Group of answer choices

When a services contract for greater than $20 million for all years is contemplated.

A written acquisition plan is required for all acquisitions.

When the contract type will be other than firm fixed price.

When a development contract for greater than $10 million is contemplated (except for a final buyout or one time buy).

Flag question: Question 42

Question 42

This person has overall responsibility for acquisition planning for a given requirement, but may delegate some planning responsibility to another member of the Acquisition Team.

Group of answer choices

Contracting Officer Representative (COR)

Contracting Officer

Small Business Specialist

Program Manager

Flag question: Question 43

Question 43

Which of the following must be demonstrated before government property (GP) may be furnished to a contractor?

Group of answer choices

The requirements cannot be met without furnishing property.

The overall benefit outweighs the cost of administration.

Providing property increases government's assumption of risk.

The contractor is unable to secure financing to purchase the needed tools, equipment, or other property necessary for performance.

Flag question: Question 44

Question 44

This person, as part of their responsibility for acquisition planning, is the decision point as to whether or not to furnish property to contractors.

Group of answer choices

Property Administrator

Contractor

Customer/Requiring Activity

Contracting Officer

Flag question: Question 45

Question 45

During which step of the acquisition planning process is it appropriate to discuss the requirement with potential vendors?

Group of answer choices

Get feedback from stakeholders.

Contact with potential vendors may not occur until after acquisition planning is complete.

Develop the primary business case and acquisition strategy.

Prepare the Acquisition Plan.

Flag question: Question 46

Question 46

The following are key considerations that will drive the depth and breadth of acquisition planning:

Group of answer choices

Use of incentives and types of incentives.

Experience of the Contracting Officer.

Provision of Government Property.

Anticipated contract type.

Source selection methodology.

Experience of the Program Manager.