COR 2 2025/2026 Exam Comprehensive
Questions and Verified Answers |
Accurate Solutions | Get it 100%
Correct!! | Already Graded A+
What does it mean by "an agent of the Government has only the actual
authority, not apparent authority? - 🧠 ANSWER ✔✔Government
representative can not legally commit the Government beyond the limits of
his authority.
Who usually has actual authority in Government contracting? - 🧠 ANSWER
✔✔Contracting Officer (CO)
(p35,36,39) Acquisition planning includes... - 🧠 ANSWER ✔✔Process
where work/effort of all people/personnel responsible for an acquisition are
coordinated and integrated through a plan.
"Contract type" identifies which party, Government or contractor, bears
what? - 🧠 ANSWER ✔✔Liability for performance problems including
1) subquality work,
1
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, 2) delinquent performance,
3) and cost growth.
What is "Performance Based Acquisition" - 🧠 ANSWER ✔✔Under
performance-based acquisitions, the IRS pays for results, not effort or
process, and contractors are free to determine the best and most cost
effective ways to fulfill the need. Performance-based acquisitions also
reduce unnecessary contract administration costs by trending away from
cost-reimbursement and level-of-effort contracts to fixed price, results
oriented contracts.
What is "Sources Sought Announcement"? - 🧠 ANSWER ✔✔Identify
qualified sources.
What is "Request for Information (RFI)"? - 🧠 ANSWER ✔✔Seeks the
industry's expression of interest, current commercial capabilities, and
requirement feasibility.
What is "Request for Comment (RFC)"? - 🧠 ANSWER ✔✔Invites industry
feedback on a draft work statement or solicitation
What are the two major families of contract type? - 🧠 ANSWER ✔✔1) Fixed
price contract and 2)
2
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
Questions and Verified Answers |
Accurate Solutions | Get it 100%
Correct!! | Already Graded A+
What does it mean by "an agent of the Government has only the actual
authority, not apparent authority? - 🧠 ANSWER ✔✔Government
representative can not legally commit the Government beyond the limits of
his authority.
Who usually has actual authority in Government contracting? - 🧠 ANSWER
✔✔Contracting Officer (CO)
(p35,36,39) Acquisition planning includes... - 🧠 ANSWER ✔✔Process
where work/effort of all people/personnel responsible for an acquisition are
coordinated and integrated through a plan.
"Contract type" identifies which party, Government or contractor, bears
what? - 🧠 ANSWER ✔✔Liability for performance problems including
1) subquality work,
1
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, 2) delinquent performance,
3) and cost growth.
What is "Performance Based Acquisition" - 🧠 ANSWER ✔✔Under
performance-based acquisitions, the IRS pays for results, not effort or
process, and contractors are free to determine the best and most cost
effective ways to fulfill the need. Performance-based acquisitions also
reduce unnecessary contract administration costs by trending away from
cost-reimbursement and level-of-effort contracts to fixed price, results
oriented contracts.
What is "Sources Sought Announcement"? - 🧠 ANSWER ✔✔Identify
qualified sources.
What is "Request for Information (RFI)"? - 🧠 ANSWER ✔✔Seeks the
industry's expression of interest, current commercial capabilities, and
requirement feasibility.
What is "Request for Comment (RFC)"? - 🧠 ANSWER ✔✔Invites industry
feedback on a draft work statement or solicitation
What are the two major families of contract type? - 🧠 ANSWER ✔✔1) Fixed
price contract and 2)
2
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
