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According to FAR 7.105, a written acquisition plan has two main parts,
which are:
Acquisition background and objectives, and plan of action
Competition, and cost
Performance period requirements, and source selection procedures
Risks, and sources
Acquisition background and objectives, and plan of action
Which of the following is not a factor to be considered in the
determination of whether to lease or purchase equipment?
Net purchase price of equipment
Cumulative rental payments for the estimated period of use
Prior experience with contractors when leasing equipment
Estimated length of time equipment will be used
Prior experience with contractors when leasing equipment
,Which of following is not a reason for the government to provide
Government Furnished Property (GFP)?
It is in the best interest of the government
The benefit outweighs the increased cost of administration
Government requirements cannot otherwise be met
It results in decreased competition to enable more efficient source
selection
It results in decreased competition to enable more efficient source
selection
An acquisition team is developing the Acquisition Plan for a complex
requirement. The following are risks that could impact the acquisition
schedule EXCEPT:
Late deliveries
Use of a Critical Path Method (CPM) schedule type Political pressure
Changing requirements
Use of a Critical Path Method (CPM) schedule type
, When selecting a contract type, which of the following is true?
The objective is to select a contract type that will result in the lowest
government risk
The objective is to select a contract type that will result in the lowest
contractor risk
The objective is to select a contract type that will result in a reasonable
contractor risk
Contractor risk is not considered when selecting a contract type
The objective is to select a contract type that will result in a reasonable
contractor risk
All of the following sources can satisfy an agency's need for a particular
service. According to the priority order for services in FAR 8.002, which
source must the agency use?
The procurement list maintained by the Committee for Purchase from
People Who Are Blind or Severely Disabled (Ability One)
UNICOR (Federal Prison Industries)
The lowest-priced GSA vendor
Any contractor at the agency's discretion
The procurement list maintained by the Committee for Purchase from
People Who Are Blind or Severely Disabled (Ability One)
What level of competition is required for acquisitions using simplified
acquisition procedures?
Full and open competition after the exclusion of sources
Full and open competition
Competition to the maximum extent practicable
Other than full and open competition
Competition to the maximum extent practicable
2026|2027 Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already Graded
A+ | Guaranteed Success!! Newest Exam | Just
Released!!
According to FAR 7.105, a written acquisition plan has two main parts,
which are:
Acquisition background and objectives, and plan of action
Competition, and cost
Performance period requirements, and source selection procedures
Risks, and sources
Acquisition background and objectives, and plan of action
Which of the following is not a factor to be considered in the
determination of whether to lease or purchase equipment?
Net purchase price of equipment
Cumulative rental payments for the estimated period of use
Prior experience with contractors when leasing equipment
Estimated length of time equipment will be used
Prior experience with contractors when leasing equipment
,Which of following is not a reason for the government to provide
Government Furnished Property (GFP)?
It is in the best interest of the government
The benefit outweighs the increased cost of administration
Government requirements cannot otherwise be met
It results in decreased competition to enable more efficient source
selection
It results in decreased competition to enable more efficient source
selection
An acquisition team is developing the Acquisition Plan for a complex
requirement. The following are risks that could impact the acquisition
schedule EXCEPT:
Late deliveries
Use of a Critical Path Method (CPM) schedule type Political pressure
Changing requirements
Use of a Critical Path Method (CPM) schedule type
, When selecting a contract type, which of the following is true?
The objective is to select a contract type that will result in the lowest
government risk
The objective is to select a contract type that will result in the lowest
contractor risk
The objective is to select a contract type that will result in a reasonable
contractor risk
Contractor risk is not considered when selecting a contract type
The objective is to select a contract type that will result in a reasonable
contractor risk
All of the following sources can satisfy an agency's need for a particular
service. According to the priority order for services in FAR 8.002, which
source must the agency use?
The procurement list maintained by the Committee for Purchase from
People Who Are Blind or Severely Disabled (Ability One)
UNICOR (Federal Prison Industries)
The lowest-priced GSA vendor
Any contractor at the agency's discretion
The procurement list maintained by the Committee for Purchase from
People Who Are Blind or Severely Disabled (Ability One)
What level of competition is required for acquisitions using simplified
acquisition procedures?
Full and open competition after the exclusion of sources
Full and open competition
Competition to the maximum extent practicable
Other than full and open competition
Competition to the maximum extent practicable
