CON 3910 Practice Exam 1 questions and verified correct answers

Market Research is conducted during which phase of acquisition? - correct answer All phases of the acquisition What is the use of a procedure that is inconsistent with the FAR - correct answer Deviation Simplified Acquisition Procedures (SAP) should: - correct answer Promote competition to the maximum extend practicable What is the tool (form) used by DoD to apply a structured profit/fee? - correct answer DD Form 1547 - Weighted Guidelines Method What type(s) of contracts can be awarded when acquiring commercial items of supply? - correct answer Only firm-fixed-price contracts OR fixed-price contracts with economic price adjustment When using invitations for bids (IFBs), what type(s) of contracts can be awarded? - correct answer Only firm-fixed-price contracts OR fixed-price contracts with economic price adjustment Which of the following is correct regarding the DFARS Procedures Guidance and Information (PGI)? - correct answer The DFARS PGI is a companion resource to the DFARS Which of the following statements is accurate regarding the Government's policy on contract modifications? - correct answer Only contracting officers acting within the scope of their authority are authorized to execute contract modifications on behalf of the Government Which of the following is accurate about unilateral modifications? - correct answer Are only signed by a Government contracting officer, not the contractor Except when authorized otherwise, a Government contract: - correct answer Must be in writing