CLM 059 SBA comprehensive Questions and Answers
with 100% Correct Answers | Latest Version
Question 1.
What is the DoD Small Business Program?
Correct Answer: DoD policy is that a fair proportion of DoD total purchases,
contracts, subcontracts, and other agreements for property and services and for
sales of property, be placed with Small Business Programs and that such small
businesses have the maximum practicable opportunity to participate in DoD
acquisitions
Question 2.
FAR) 19.202
Correct Answer: requires that small business concerns be afforded an equitable
opportunity to compete for all contracts that they can perform to the extent consistent
with the Government's interest.
Question 3.
FAR part 19 includes
Correct Answer: Maximum Practicable Opportunity Fair Proportion of DoD Total
Purchases •Prime Contracts •Subcontracts •Sale of Property
Question 4.
A small business must meet the following criteria
Correct Answer: Has a Place of Business in the U.S., Operates Primarily within the
U.S. or Makes a Significant Contribution to the U.S. •Independently Owned and
Operated •Not Dominant in its Field •A Sole Proprietorship, Partnership, Corporation
or other Legal Form
Question 5.
Categories of Small Business include
Correct Answer: Woman-Owned Small Business (WOSB) Economically
Disadvantaged Women-Owned Small Business (EDWOSB) •Small Disadvantaged
Business (SDB) o 8(a) Certified Small Business •Veteran-Owned Small Business
(VOSB) •Service-Disabled Veteran-Owned Small Business (SDVOSB) •Historically
Underutilized Business Zone Small Business (HUBZone)
Question 6.
Woman-Owned Small Business (WOSB)
Correct Answer: a small business concern that is at least 51% owned and controlled
by women.
, Question 7.
Small Disadvantaged Business (SDB)
Correct Answer: a small business that is at least 51% owned and controlled by a
socially and economically disadvantaged individual or individuals.
Question 8.
8(a) Certified Small Business
Correct Answer: participants can receive sole-source contracts, up to a ceiling,
including options, of $4 million for goods and services and $6.5 million for
manufacturing.
Question 9.
Veteran Owned Small Business (VOSB)
Correct Answer: small business concern that is at least 51% owned and controlled by
veterans. VOSBs are self-identifying.
Question 10.
Service Disabled Veteran Owned Small Business (SDVOSB)
Correct Answer: participants can receive sole-source contracts, up to a ceiling,
including options, of $6 million for manufacturing and $3.5 million for any other
NAICS code.
Question 11.
HUBZone Small Business
Correct Answer: established to promote job growth, capital investment, and
economic development to historically underutilized business zones, by providing
contracting assistance to small businesses located in these economically distressed
communities.
Question 12.
Initial Planning
Correct Answer: we conduct market research to determine whether there is a
commercial solution available and whether small business can provide that solution.
Question 13.
Market Research
Correct Answer: one of the steps in the Acquisition Process where Contracting
Officers can promote ma opportunity for small bus. utilization
with 100% Correct Answers | Latest Version
Question 1.
What is the DoD Small Business Program?
Correct Answer: DoD policy is that a fair proportion of DoD total purchases,
contracts, subcontracts, and other agreements for property and services and for
sales of property, be placed with Small Business Programs and that such small
businesses have the maximum practicable opportunity to participate in DoD
acquisitions
Question 2.
FAR) 19.202
Correct Answer: requires that small business concerns be afforded an equitable
opportunity to compete for all contracts that they can perform to the extent consistent
with the Government's interest.
Question 3.
FAR part 19 includes
Correct Answer: Maximum Practicable Opportunity Fair Proportion of DoD Total
Purchases •Prime Contracts •Subcontracts •Sale of Property
Question 4.
A small business must meet the following criteria
Correct Answer: Has a Place of Business in the U.S., Operates Primarily within the
U.S. or Makes a Significant Contribution to the U.S. •Independently Owned and
Operated •Not Dominant in its Field •A Sole Proprietorship, Partnership, Corporation
or other Legal Form
Question 5.
Categories of Small Business include
Correct Answer: Woman-Owned Small Business (WOSB) Economically
Disadvantaged Women-Owned Small Business (EDWOSB) •Small Disadvantaged
Business (SDB) o 8(a) Certified Small Business •Veteran-Owned Small Business
(VOSB) •Service-Disabled Veteran-Owned Small Business (SDVOSB) •Historically
Underutilized Business Zone Small Business (HUBZone)
Question 6.
Woman-Owned Small Business (WOSB)
Correct Answer: a small business concern that is at least 51% owned and controlled
by women.
, Question 7.
Small Disadvantaged Business (SDB)
Correct Answer: a small business that is at least 51% owned and controlled by a
socially and economically disadvantaged individual or individuals.
Question 8.
8(a) Certified Small Business
Correct Answer: participants can receive sole-source contracts, up to a ceiling,
including options, of $4 million for goods and services and $6.5 million for
manufacturing.
Question 9.
Veteran Owned Small Business (VOSB)
Correct Answer: small business concern that is at least 51% owned and controlled by
veterans. VOSBs are self-identifying.
Question 10.
Service Disabled Veteran Owned Small Business (SDVOSB)
Correct Answer: participants can receive sole-source contracts, up to a ceiling,
including options, of $6 million for manufacturing and $3.5 million for any other
NAICS code.
Question 11.
HUBZone Small Business
Correct Answer: established to promote job growth, capital investment, and
economic development to historically underutilized business zones, by providing
contracting assistance to small businesses located in these economically distressed
communities.
Question 12.
Initial Planning
Correct Answer: we conduct market research to determine whether there is a
commercial solution available and whether small business can provide that solution.
Question 13.
Market Research
Correct Answer: one of the steps in the Acquisition Process where Contracting
Officers can promote ma opportunity for small bus. utilization
