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CON 1400V FINAL EXAM|40 QUESTIONS AND ANSWERS|GRADED A+|LATEST UPDATE

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CON 1400V FINAL EXAM|40 QUESTIONS AND ANSWERS|GRADED A+|LATEST UPDATE 1. Which of the following is a key element of a contract administration plan? A listing of contract terms and conditions related to administration Contractor performance milestones Names, positions, authorities, and limitations of au- thority for contract administration team members All of the above 2. The first task in the contract administration process is to: Review the contract file to identify critical contract re- quirements and clauses Debrief all offerors not selected for award Develop a contract administration plan Request that the contractor sign a release of claims 3. Generally, government contracts do not hold contrac- All of the above Review the contract file to identify critical contract re- quirements and clauses Cost-reimbursement con- tors liable for loss of government property if the prop- tracts erty is provided under which contract? Contracts for commercial products and commercial services Contracts with educational institutions Cost-reimbursement contracts Contracts that do not exceed the simplified acquisition threshold 4. True or false: It is the contracting officer's responsibili- True ty to identify and demand payment of contractor debt.

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1. Which of the following is a key element of a contract All of the above
administration plan?

A listing of contract terms and conditions related to
administration
Contractor performance milestones
Names, positions, authorities, and limitations of au-
thority for contract administration team members
All of the above

2. The first task in the contract administration process is Review the contract file to
to: identify critical contract re-
quirements and clauses
Review the contract file to identify critical contract re-
quirements and clauses
Debrief all offerors not selected for award
Develop a contract administration plan
Request that the contractor sign a release of claims

3. Generally, government contracts do not hold contrac- Cost-reimbursement con-
tors liable for loss of government property if the prop- tracts
erty is provided under which contract?

Contracts for commercial products and commercial
services
Contracts with educational institutions
Cost-reimbursement contracts
Contracts that do not exceed the simplified acquisition
threshold

4. True or false: It is the contracting officer's responsibili- True
ty to identify and demand payment of contractor debt.

, True
False

5. What part of the FAR identifies the required contract FAR 4.803
file documentation?

FAR 4.804
FAR 4.803
FAR Subpart 4.7
FAR Subpart 4.6

6. Before exercising an option, what must the contracting All of the above
officer determine?

Funds are available
The option was synopsized in accordance with FAR Part
5
The requirement covered by the option fulfills an exist-
ing government need
All of the above

7. What process is described in the following statement? Government quality assur-
Using the technical specifications, COR, or in plant QAS ance
inspects to ensure supplies/services meet contract re-
quirements.

Government quality assurance
Contractor performance
Government Acceptance
Contractor invoice review

8. Who are key stakeholders for a federal contract or
program?

, The program manager, the
The program manager, the contracting officer, and the contracting oflcer, and the
PCO PCO
Only the contracting officer and contracting officer's
representative
Only the procuring contracting officer (PCO) and the
administrative contracting officer (ACO)
None of the above

9. True or False: Within the Contractor Performance As- False
sessment Reporting System (CPARS), the assessing of-
ficial representative is responsible for initiating the
report and resolving non-concur.

True
False

10. What is considered government-furnished property? Material, equipment, and
special tooling
Intellectual property
Items considered incidental to the place of perfor-
mance
Material, equipment, and special tooling
Software

11. Which statement is accurate regarding contractor sub- It is required for changes
mission of cost data? within or out of scope dur-
ing post-award
It is required when modifying a contract or subcontract
for commercial products or commercial services
It is required when a waiver has been granted
It is required for changes within or out of scope during
post-award

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