CON 3900 EXAM PREP EXPECTED QUESTIONS WITH
VERIFIED ANSWERS
Question 1.
Who is on the Acquisition Team
ANSWER
all participants in Government acquisition including not only representatives of the technical,
supply, and procurement communities but also the customers they serve, and the contractors
who provide the products and services.
Question 2.
There are three basic approaches available to contractors and the Agency for dealing with OCI
Organizational Conflict of Interets issues, as follows
ANSWER
i. Avoid
ii. Neutralize
iii. Mitigate
Question 3.
There are four essential elements of a contract. What are They?
ANSWER
i. Capacity
ii. Mutual assent
iii. Consideration
iv. Lawful purpose
Question 4.
In DoD contracting, who has the authority to enter into a legally binding contract?
ANSWER
Contracting Officer
, Question 5.
Postaward orientation
ANSWER
FAR 42.501(a) aids both Government and contractor personnel to
(1) achieve a clear and mutual understanding of all contract requirements, and
(2) identify and resolve potential problems.
it is not a substitute for the contractor fully understanding the work requirements at the time
offers are submitted, nor is it to be used to alter the final agreement arrived at in any
negotiations leading to contract award.
Question 6.
Market research shall be conducted:
ANSWER
On an ongoing basis and appropriate to the circumstances
Question 7.
FAR Part 5
ANSWER
Publicizing Contract Actions
Question 8.
A contract is defined as a mutually binding legal relationship obligating the seller to furnish the
supplies or services (including construction) and the buyer to pay for them.
ANSWER
True
Question 9.
What are the broad categories of Organizational Conflict of interest?
ANSWER
i. Unequal access
ii. Impaired Objectivity
iii. Biased Ground Rules
VERIFIED ANSWERS
Question 1.
Who is on the Acquisition Team
ANSWER
all participants in Government acquisition including not only representatives of the technical,
supply, and procurement communities but also the customers they serve, and the contractors
who provide the products and services.
Question 2.
There are three basic approaches available to contractors and the Agency for dealing with OCI
Organizational Conflict of Interets issues, as follows
ANSWER
i. Avoid
ii. Neutralize
iii. Mitigate
Question 3.
There are four essential elements of a contract. What are They?
ANSWER
i. Capacity
ii. Mutual assent
iii. Consideration
iv. Lawful purpose
Question 4.
In DoD contracting, who has the authority to enter into a legally binding contract?
ANSWER
Contracting Officer
, Question 5.
Postaward orientation
ANSWER
FAR 42.501(a) aids both Government and contractor personnel to
(1) achieve a clear and mutual understanding of all contract requirements, and
(2) identify and resolve potential problems.
it is not a substitute for the contractor fully understanding the work requirements at the time
offers are submitted, nor is it to be used to alter the final agreement arrived at in any
negotiations leading to contract award.
Question 6.
Market research shall be conducted:
ANSWER
On an ongoing basis and appropriate to the circumstances
Question 7.
FAR Part 5
ANSWER
Publicizing Contract Actions
Question 8.
A contract is defined as a mutually binding legal relationship obligating the seller to furnish the
supplies or services (including construction) and the buyer to pay for them.
ANSWER
True
Question 9.
What are the broad categories of Organizational Conflict of interest?
ANSWER
i. Unequal access
ii. Impaired Objectivity
iii. Biased Ground Rules
