CLM 059 FUNDAMENTALS OF SMALL BUSINESS FOR
THE ACQUISITION WORKFORCE EXAM QUESTIONS
AND VERIFIED ANSWERS
As a Small Business Professional, you maintain awareness of overall market
developments that relate to the products and services your agency typically acquires
and continuously update a local database of potential small businesses. What type of
market is this? - Answers - -NOT- Forecasting
-NOT- Tactical
Which market research method is used to advertise that the Government is looking to
locate potential small business sources for an agency identified requirement? - Answers
- Sources Sought Notice announcement
Go to the Census Bureau North American Industry Classification System (NAICS)
page...NAICS code for Translation Services. - Answers - 541930
Which member of the acquisition team is responsible for forming the acquisition team
and leading the team through the Presolicitation phase for an acquisition? - Answers -
Program Manager
What tasks might a Contracting Officer Representative (COR) perform during the Post
Award phase of acquisition? - Answers - NOT Participating in source selection
Which system would you use to review a prime contractor's current or past performance
on contracts for source selection purposes? - Answers - Past Performance Information
Retrieval System (PPIRS)
How do small businesses support the Office of Small Business Programs (OSBP) in
meeting its strategic Department of Defense (DoD) initiatives? - Answers - By being
efficient
&
By being innovative
A large business tells you that they have heard they can get a 5% rebate for
subcontracts to certain types of businesses. What program are they referring? -
Answers - Indian Incentive Program (IPP)
What can the results of market research help the acquisition team do? - Answers - NOT
Determine which offeror is the best
, What should an effective Small Business Professional demonstrate in fulfilling their role
as a trusted business advisor? - Answers - NOT Lack of understanding of the business
environment - both large and small businesses
When an Interim Rule is issued, what effect does it have on an acquisition? - Answers -
It has the force and effect of a FAR requirement and must be followed as written
&
When applicable, the Interim Rule impacts the acquisition immediately beginning with
the effective date listed in the Federal Register Notice
Legislation that impacts regulations and policy are generated by whom? - Answers -
Congress
What legislation often includes provisions that specifically impact the Small Business
Act and the Department of Defense (DoD) Small Business Programs? - Answers -
National Defense Authorization Act (NDAA)
Market research for a road construction acquisition has identified two firms that are
small disadvantaged businesses and participants in a business development program.
Which socioeconomic program category are they in? - Answers - 8(a) Business
Development
Sharon, the Contracting Officer, sends you a DD Form 2579 and asks you to review...do
you need in order to conduct a proper review? - Answers - -NOT- NOT Solicitation
-NOT- NOT Acquisition Plan
-NOT- NOT Market Research Report
What must the acquisition team do to determine that consolidation of contract
requirements in excess of $2 million is necessary and justified? - Answers - Perform an
analysis and demonstrate that the advantages of the proposed consolidation
?substancially exceed? those of each alternative strategy
You have an upcoming acquisition for landscaping services and you have discovered a
10-employee...might apply for this small business concern? - Answers - NOT Service-
Disabled Veteran-Owned Small Business (SDVOSB)
Which of the following attributes should a Small Business Professional possess in order
ot be effective? - Answers - Ethical
A small disadvantaged business has the potential to fulfill a Department of Defense
(DoD) requirement for IT services...beneficial in assisting them with the certification
process? - Answers - -NOT- Small Business Innovative Research (SBIR) or Small
Business Technology Transfer (STTR) Programs
-NOT- 8(a) Program
THE ACQUISITION WORKFORCE EXAM QUESTIONS
AND VERIFIED ANSWERS
As a Small Business Professional, you maintain awareness of overall market
developments that relate to the products and services your agency typically acquires
and continuously update a local database of potential small businesses. What type of
market is this? - Answers - -NOT- Forecasting
-NOT- Tactical
Which market research method is used to advertise that the Government is looking to
locate potential small business sources for an agency identified requirement? - Answers
- Sources Sought Notice announcement
Go to the Census Bureau North American Industry Classification System (NAICS)
page...NAICS code for Translation Services. - Answers - 541930
Which member of the acquisition team is responsible for forming the acquisition team
and leading the team through the Presolicitation phase for an acquisition? - Answers -
Program Manager
What tasks might a Contracting Officer Representative (COR) perform during the Post
Award phase of acquisition? - Answers - NOT Participating in source selection
Which system would you use to review a prime contractor's current or past performance
on contracts for source selection purposes? - Answers - Past Performance Information
Retrieval System (PPIRS)
How do small businesses support the Office of Small Business Programs (OSBP) in
meeting its strategic Department of Defense (DoD) initiatives? - Answers - By being
efficient
&
By being innovative
A large business tells you that they have heard they can get a 5% rebate for
subcontracts to certain types of businesses. What program are they referring? -
Answers - Indian Incentive Program (IPP)
What can the results of market research help the acquisition team do? - Answers - NOT
Determine which offeror is the best
, What should an effective Small Business Professional demonstrate in fulfilling their role
as a trusted business advisor? - Answers - NOT Lack of understanding of the business
environment - both large and small businesses
When an Interim Rule is issued, what effect does it have on an acquisition? - Answers -
It has the force and effect of a FAR requirement and must be followed as written
&
When applicable, the Interim Rule impacts the acquisition immediately beginning with
the effective date listed in the Federal Register Notice
Legislation that impacts regulations and policy are generated by whom? - Answers -
Congress
What legislation often includes provisions that specifically impact the Small Business
Act and the Department of Defense (DoD) Small Business Programs? - Answers -
National Defense Authorization Act (NDAA)
Market research for a road construction acquisition has identified two firms that are
small disadvantaged businesses and participants in a business development program.
Which socioeconomic program category are they in? - Answers - 8(a) Business
Development
Sharon, the Contracting Officer, sends you a DD Form 2579 and asks you to review...do
you need in order to conduct a proper review? - Answers - -NOT- NOT Solicitation
-NOT- NOT Acquisition Plan
-NOT- NOT Market Research Report
What must the acquisition team do to determine that consolidation of contract
requirements in excess of $2 million is necessary and justified? - Answers - Perform an
analysis and demonstrate that the advantages of the proposed consolidation
?substancially exceed? those of each alternative strategy
You have an upcoming acquisition for landscaping services and you have discovered a
10-employee...might apply for this small business concern? - Answers - NOT Service-
Disabled Veteran-Owned Small Business (SDVOSB)
Which of the following attributes should a Small Business Professional possess in order
ot be effective? - Answers - Ethical
A small disadvantaged business has the potential to fulfill a Department of Defense
(DoD) requirement for IT services...beneficial in assisting them with the certification
process? - Answers - -NOT- Small Business Innovative Research (SBIR) or Small
Business Technology Transfer (STTR) Programs
-NOT- 8(a) Program
