AATC CON 1200 Exam Review
QUESTIONS AND VERIFIED CORRECT
ANSWERS GRADED A+ [LATEST 2026-
2027] 100% GUARANTEED PASS
What kind of competition requires Justification & Approval? - CORRECT ANSWER-Other than
Full and Open
What Contract Types are authorized under FAR Part 15? - CORRECT ANSWER-All Types (Fixed
Price, Cost Type, Letter)
What does the Fixed Price with Economic Price Adjustment contract provide? - CORRECT
ANSWER-Upward and Downward revision of stated contract price when certain contingencies
occur
What is CICA? When was it established? - CORRECT ANSWER-Competition in Contracting Act.
1984.
What are liquidated damage clauses used for? - CORRECT ANSWER-Not to punish but to recover
actual or anticipated losses
What are the acquisition plan scheduling factors for supplies and services? - CORRECT
ANSWER--Transportation time
-Capabilities of small business outcomes
-Industry practices
, -Market conditions
-Urgency of need
-Time for the government to fulfill its obligation under the contract
-Production Time
-Time for contractors to comply with the T&Cs of the contract
What happens when Government Furnished Property is unsuitable for use? - CORRECT
ANSWER-The Government is responsible for fixing the issue. Contractors can request an
adjustment for the impact to their work.
What are Product Service Codes? - CORRECT ANSWER-They describe the product, service, and
R&D purchased by the Government.
What are the three types of Product Service Codes? - CORRECT ANSWER-R&D Codes
Service Codes
Product Codes
Who has the overall responsibility for acquisition planning? - CORRECT ANSWER-Program
Manager or Planner
Which FAR part covers GFP? - CORRECT ANSWER-FAR Part 45
Why does the government publicize contract actions? - CORRECT ANSWER--Increase
competition
-broaden industry participation
-inform small business concerns of opportunities
What is the Government-wide Point of Entry (GPE)? - CORRECT ANSWER-SAM.gov
QUESTIONS AND VERIFIED CORRECT
ANSWERS GRADED A+ [LATEST 2026-
2027] 100% GUARANTEED PASS
What kind of competition requires Justification & Approval? - CORRECT ANSWER-Other than
Full and Open
What Contract Types are authorized under FAR Part 15? - CORRECT ANSWER-All Types (Fixed
Price, Cost Type, Letter)
What does the Fixed Price with Economic Price Adjustment contract provide? - CORRECT
ANSWER-Upward and Downward revision of stated contract price when certain contingencies
occur
What is CICA? When was it established? - CORRECT ANSWER-Competition in Contracting Act.
1984.
What are liquidated damage clauses used for? - CORRECT ANSWER-Not to punish but to recover
actual or anticipated losses
What are the acquisition plan scheduling factors for supplies and services? - CORRECT
ANSWER--Transportation time
-Capabilities of small business outcomes
-Industry practices
, -Market conditions
-Urgency of need
-Time for the government to fulfill its obligation under the contract
-Production Time
-Time for contractors to comply with the T&Cs of the contract
What happens when Government Furnished Property is unsuitable for use? - CORRECT
ANSWER-The Government is responsible for fixing the issue. Contractors can request an
adjustment for the impact to their work.
What are Product Service Codes? - CORRECT ANSWER-They describe the product, service, and
R&D purchased by the Government.
What are the three types of Product Service Codes? - CORRECT ANSWER-R&D Codes
Service Codes
Product Codes
Who has the overall responsibility for acquisition planning? - CORRECT ANSWER-Program
Manager or Planner
Which FAR part covers GFP? - CORRECT ANSWER-FAR Part 45
Why does the government publicize contract actions? - CORRECT ANSWER--Increase
competition
-broaden industry participation
-inform small business concerns of opportunities
What is the Government-wide Point of Entry (GPE)? - CORRECT ANSWER-SAM.gov
