CON 3910 Practice Exam 1 Questions with Verified Solutions

CON 3910 Practice Exam 1 Questions with Verified Solutions Market Research is conducted during which phase of acquisition? All phases of the acquisition What is the use of a procedure that is inconsistent with the FAR Deviation Simplified Acquisition Procedures (SAP) should: Promote competition to the maximum extend practicable What is the tool (form) used by DoD to apply a structured profit/fee? DD Form 1547 - Weighted Guidelines Method What type(s) of contracts can be awarded when acquiring commercial items of supply? 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? 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)? 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? 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? Are only signed by a Government contracting officer, not the contractor Except when authorized otherwise, a Government contract: Must be in writing Which is NOT a type of contracting officer? Executive contracting officer With respect to the requirements of law, executive orders, regulations and all other applicable procedures, prior to signing a contract, a contracting officer must: Ensure that all statutory requirements have been met and try to ensure all regulations or applicable procedures have been followed. Joan stated that she was working on selecting solicitation provisions. With this in mind, you know the contract: Has not been awarded A program manager asked John whether a contract clause is only used in the contract or if it applies to the solicitation as well. .John correctly answered by replying with which of the following statements? A contract clause is a term or condition used in contracts, or in both solicitations and contracts, that applies after the contract award or both before and after award. A contractor failed to deliver a commercial item within the time specified by the contract. As the Government contracting officer, you plan to terminate the contract. What type of termination would you proceed with? Termination for Cause Which FAR part sets forth the basic policies and general information about the Federal Acquisition Regulations System? FAR part 1 Which of the following statements best conveys the convention at FAR 1.108(b), delegation of authority? Each authority is delegable unless