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CON 3990 Exam Study Guide Questions and Verified Correct Answers 2026/2027

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CON 3990 Exam Study Guide Questions and Verified Correct Answers 2026/2027 What is the Micro-purhcase threshold for supplies? - Correct Answer $10k All incentive contracts (schedule or performance) must also include what? - Correct Answer Cost incentive or constraint What requires funds to be used only for needs or services in the year of the appropriations obligation period? - Correct Answer Bona Fide Needs Rule What contract types can be used for commercial item purchases? - Correct Answer FFP or FPEPA What is the Simplified Acquisition Threshold for commercial products and services? What is it for non-commercial? - Correct Answer $7.5M - commercial $250k for non-commercial True or False: The Gov shall use electronic commerce whenever practicable or cost-effective - Correct Answer True What is the purpose of a contract file? (4) - Correct Answer Provide background/basis for decisions Supporting actions taken Provide information for reviews and investigations Furnishing essential facts in the event of a litigation Can contract files be combined if appropriate? - Correct Answer Yes At what level are contract files maintained and why? - Correct Answer Maintained at the organizational level to ensure effective documentation of contract actions accessibility by principal

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Uploaded on
July 7, 2026
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Written in
2025/2026
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  • what is the micro purhcase threshold for supplies
  • all incentive contracts schedule or performance
  • what requires funds to be used only for needs or s
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