Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

You are monitoring a prime contractor's compliance with it's small business participation requirements. The most recent small business participation report reveals that the prime contractor

You are monitoring a prime contractor's compliance with it's small business participation requirements. The most recent small business participation report reveals that the prime contractor has not awarded any subcontracts to service disabled veteran owned small businesses (SDVOSB). The SDVOSB requirement is $50,000. In addition the prime contractor has awarded the required $30,000 to a women owned small business (WOSB); however it differs from the WOSB named in the small business participation document (SBPCD). What will you do now? Choose two that apply.

  1. Reject the prime contractor's small business participation report in the Electronic Subcontracting Report System
  2. Ask the prime contractor for an explanation of why it is not meeting its SDVOSB requirement
  3. Ask the prime contractor for an explanation of why it is subcontracting with a WOSB that differs from the one named in its SBPCD
  4. Accept the prime contractor's small business participation report in the Electronic Subcontracting Report System

Step by Step Solution

3.49 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

Based on the situation described the appropriate actions would be 1 Reject the prime contractors sma... blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Theory

Authors: William R. Scott

7th edition

132984660, 978-0132984669

More Books

Students explore these related Accounting questions

Question

Who chairs the ICWG?

Answered: 3 weeks ago