FAC 023 EXAM STUDY WITH QUESTIONS
AND VERIFIED ANSWERS GRADED A+
GUARANTEED SUCCESS!
Select the two correct responses. An ordering activity must
notify GSA when the following occurs. - CORRECT ANSWER -
When fraud is suspected related to a Schedule contract
A Schedule order is terminated for cause
Select the correct response. According to FAR subpart 8.406-5,
the ordering activity has the right to terminate all or part of
an order when it is in the Govemment's best interest. What type
of termination is this? - CORRECT ANSWER -Termination for
Convenience
True or False? The Contractor Team Arrangement document is
not crafted by the MAS contractors who are partnering
together. - CORRECT ANSWER -False.
True or False? When forming a Contractor Team Arrangement
in response to a small business set-aside all team members
must meet the socioeconomic status for the set-aside. -
CORRECT ANSWER -True.
, Select the three correct responses. Ordering activities must
provide limited sources justifications when: - CORRECT
ANSWER -An urgent and compelling needs exists, and
following the procedures would result in unacceptable delays
Limiting order to a specific brand name because the products
or services are unique or highly specialized
New work is a logical follow-on to an original MAS order,
provided that the original order was a competitive Schedule
order
True or False? Schedule orders may be awarded on a sole-
source or brand-name basis as required by the order activity. -
CORRECT ANSWER -True.
True or False? For orders up to $750,000 it is required that an
Agency senior procurement executive approves the purchase. -
CORRECT ANSWER -False.
True or False? As required by FAR subpart 4.501, the ordering
activity must publish a notice after placing an order or
establishing a BPA exceeding the Simplified Acquisition
Threshold that is supported by a limited sources justification. -
CORRECT ANSWER -False.
Select the three correct responses. What
processes/procedures are appropriate for an order exceeding
the micro-purchase threshold, but not the Simplified Acquisition
Threshold (SAT) when a Statement of Work is NOT required? -
AND VERIFIED ANSWERS GRADED A+
GUARANTEED SUCCESS!
Select the two correct responses. An ordering activity must
notify GSA when the following occurs. - CORRECT ANSWER -
When fraud is suspected related to a Schedule contract
A Schedule order is terminated for cause
Select the correct response. According to FAR subpart 8.406-5,
the ordering activity has the right to terminate all or part of
an order when it is in the Govemment's best interest. What type
of termination is this? - CORRECT ANSWER -Termination for
Convenience
True or False? The Contractor Team Arrangement document is
not crafted by the MAS contractors who are partnering
together. - CORRECT ANSWER -False.
True or False? When forming a Contractor Team Arrangement
in response to a small business set-aside all team members
must meet the socioeconomic status for the set-aside. -
CORRECT ANSWER -True.
, Select the three correct responses. Ordering activities must
provide limited sources justifications when: - CORRECT
ANSWER -An urgent and compelling needs exists, and
following the procedures would result in unacceptable delays
Limiting order to a specific brand name because the products
or services are unique or highly specialized
New work is a logical follow-on to an original MAS order,
provided that the original order was a competitive Schedule
order
True or False? Schedule orders may be awarded on a sole-
source or brand-name basis as required by the order activity. -
CORRECT ANSWER -True.
True or False? For orders up to $750,000 it is required that an
Agency senior procurement executive approves the purchase. -
CORRECT ANSWER -False.
True or False? As required by FAR subpart 4.501, the ordering
activity must publish a notice after placing an order or
establishing a BPA exceeding the Simplified Acquisition
Threshold that is supported by a limited sources justification. -
CORRECT ANSWER -False.
Select the three correct responses. What
processes/procedures are appropriate for an order exceeding
the micro-purchase threshold, but not the Simplified Acquisition
Threshold (SAT) when a Statement of Work is NOT required? -
