CLM 059 Exam 2025 Questions and
Answers
Small businesses operate in an environment that includes a variety of entities, each
with its own interests and influence on small business participation in Government
acquisition - --CORRECT ANSWER--Congress generates the legislation that
impacts acquisition regulations and policy.
Since the Depression of the 1930s, when Congress first enacted legislation to help
businesses recover from financial difficulties, Congress has enacted a number of
laws; such as the Budget Control Act of 2010 and an annual National Defense
Authorization Act (NDAA), that support and promote small businesses. The Small
Business Act of 1953 created national policy to provide maximum opportunity for
small businesses to participate in Government acquisitions as prime contractors
and subcontractors. Additionally, the Act officially established the Small Business
Administration (SBA) to implement the national policy. Other laws have
established procurement goals for small businesses in Federal acquisitions.
Assistance and Advocacy Groups
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,Advocacy groups such as Procurement Technical Assistance Centers, Small
Business Development Centers, and Chambers of Commerce provide assistance to
small businesses.
They educate organizations on how small businesses can help them accomplish
business with their agency. - --CORRECT ANSWER--Small businesses see the
federal government as potential customer that is rich with opportunities
Office of Management and Budget (OMB) / Office of Federal Procurement Policy
(OFPP)
As the President's executive agent for budget, finance, acquisition, and
performance management, the Office of Management and Budget (OMB)
promulgates many policies that impact small businesses. These are issued as OMB
circulars and memos. The Office of Federal Procurement Policy (OFPP), which is
part of OMB, provides overall direction for Government-wide procurement
policies, regulations and procedures to promote economy, efficiency, and
effectiveness in acquisition processes, including Small Business Programs. - --
CORRECT ANSWER--Federal Agencies
All Federal agencies in the Executive Branch of the Federal Government are
charged with maximizing opportunities for small businesses. Each agency has small
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,business and socioeconomic goals to achieve, including the Department of
Defense (DoD).
DoD is the largest Federal agency with the greatest share of the Federal
Government's budget and thus the greatest responsibility for doing business with
small businesses. For the Government to achieve the Federal-wide small business
goal, DoD must achieve its small business goal.
Small Business Administration (SBA)The Small Business Administration (SBA)
creates regulations that ensure that small business interests will be protected. SBA's
representatives are responsible for aiding, assisting, and protecting the interests of
small businesses in Government procurements. - --CORRECT ANSWER--Other
Than Small Business
While large businesses, educational institutions, non-profits and other entities that
are not small businesses may view small businesses as privileged competitors, they
also recognize that there are benefits in partnering with small businesses in
Government contracts.
Small businesses are important to our nation; they strengthen the foundation of
our economic security and industrial base. Additionally, small businesses are just as
important to DoD. Because small businesses are nimble and can respond rapidly to
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, our needs, they can help DoD realize greater efficiency and flexibility, take
advantage of innovative technologies and approaches, and improve military
readiness. - --CORRECT ANSWER--Small businesses drive economic growth in
the United States. The Small Business Administration (SBA), Office of Advocacy,
is the statistical arm of SBA. Part of their mission is to conduct, sponsor, and
promote economic research that provides an environment for small business
growth.
While they regularly publish reports and other documents on economic research
and statistics, their Frequently Asked Questions (FAQ) document is very helpful
for learning and communicating national small business contributions.
Summary statistics on tangible small business contributions on a per project or
program basis (cost, schedule and performance contributions) are difficult to track
in DoD. There is no centralized database to capture and report these types of small
business success stories. As Acquisition Professionals, you can help mitigate these
challenges by sharing your small business success stories (quantitative and
qualitative) with your local SBP and leadership. These success stories generally
make it into public affairs articles, annual performance appraisals/recognition, and
your Component/agency annual inputs for SBA's Scorecard, which SBA uses for
measuring and grading agency small business performance.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
Answers
Small businesses operate in an environment that includes a variety of entities, each
with its own interests and influence on small business participation in Government
acquisition - --CORRECT ANSWER--Congress generates the legislation that
impacts acquisition regulations and policy.
Since the Depression of the 1930s, when Congress first enacted legislation to help
businesses recover from financial difficulties, Congress has enacted a number of
laws; such as the Budget Control Act of 2010 and an annual National Defense
Authorization Act (NDAA), that support and promote small businesses. The Small
Business Act of 1953 created national policy to provide maximum opportunity for
small businesses to participate in Government acquisitions as prime contractors
and subcontractors. Additionally, the Act officially established the Small Business
Administration (SBA) to implement the national policy. Other laws have
established procurement goals for small businesses in Federal acquisitions.
Assistance and Advocacy Groups
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,Advocacy groups such as Procurement Technical Assistance Centers, Small
Business Development Centers, and Chambers of Commerce provide assistance to
small businesses.
They educate organizations on how small businesses can help them accomplish
business with their agency. - --CORRECT ANSWER--Small businesses see the
federal government as potential customer that is rich with opportunities
Office of Management and Budget (OMB) / Office of Federal Procurement Policy
(OFPP)
As the President's executive agent for budget, finance, acquisition, and
performance management, the Office of Management and Budget (OMB)
promulgates many policies that impact small businesses. These are issued as OMB
circulars and memos. The Office of Federal Procurement Policy (OFPP), which is
part of OMB, provides overall direction for Government-wide procurement
policies, regulations and procedures to promote economy, efficiency, and
effectiveness in acquisition processes, including Small Business Programs. - --
CORRECT ANSWER--Federal Agencies
All Federal agencies in the Executive Branch of the Federal Government are
charged with maximizing opportunities for small businesses. Each agency has small
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,business and socioeconomic goals to achieve, including the Department of
Defense (DoD).
DoD is the largest Federal agency with the greatest share of the Federal
Government's budget and thus the greatest responsibility for doing business with
small businesses. For the Government to achieve the Federal-wide small business
goal, DoD must achieve its small business goal.
Small Business Administration (SBA)The Small Business Administration (SBA)
creates regulations that ensure that small business interests will be protected. SBA's
representatives are responsible for aiding, assisting, and protecting the interests of
small businesses in Government procurements. - --CORRECT ANSWER--Other
Than Small Business
While large businesses, educational institutions, non-profits and other entities that
are not small businesses may view small businesses as privileged competitors, they
also recognize that there are benefits in partnering with small businesses in
Government contracts.
Small businesses are important to our nation; they strengthen the foundation of
our economic security and industrial base. Additionally, small businesses are just as
important to DoD. Because small businesses are nimble and can respond rapidly to
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, our needs, they can help DoD realize greater efficiency and flexibility, take
advantage of innovative technologies and approaches, and improve military
readiness. - --CORRECT ANSWER--Small businesses drive economic growth in
the United States. The Small Business Administration (SBA), Office of Advocacy,
is the statistical arm of SBA. Part of their mission is to conduct, sponsor, and
promote economic research that provides an environment for small business
growth.
While they regularly publish reports and other documents on economic research
and statistics, their Frequently Asked Questions (FAQ) document is very helpful
for learning and communicating national small business contributions.
Summary statistics on tangible small business contributions on a per project or
program basis (cost, schedule and performance contributions) are difficult to track
in DoD. There is no centralized database to capture and report these types of small
business success stories. As Acquisition Professionals, you can help mitigate these
challenges by sharing your small business success stories (quantitative and
qualitative) with your local SBP and leadership. These success stories generally
make it into public affairs articles, annual performance appraisals/recognition, and
your Component/agency annual inputs for SBA's Scorecard, which SBA uses for
measuring and grading agency small business performance.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
