Shipment contracts Study guides, Revision notes & Summaries

ACO CORB Exam Questions With 100% Correct Answers What are the responsibilities of an ACO? - answerThe ACO is responsible to ensure the best interest of the Government is protected by ensuring the terms and conditions of the contracts are appropriate and that all parties execute the contract according to the terms and conditions of the contract. The ACO is responsible for ensuring the DCMA mission of providing Contract Administration services to DOD activities and its partners of the deliv...

*True* - >>>In the context of contract law, consideration means something (money, or any object or thing) given in return for services performed or for products delivered. *Offer, Acceptance, Meeting of the Minds, and Consideration* Performance, Technical Specifications and Consideration General Conditions, Supplementary Conditions and a Proposal Plans, Technical Specifications, General and Supplementary Conditions - Which of the following contract formation principles are n...

CORB Nov Exam Questions and Answers 100% Pass What are options and when should they be used? - Answer-An option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of service. The...

Contracting Officer Unlimited Warrant Board Exam Questions With Verified Answers What is an option? - answerAn option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of servic...

A 1. A hedge is a contract that provides protection against the risk of loss from a change in _________ A. Foreign exchange rates B. Inflation C. Interest rate D. None of the above A 2. There are 03 common methods of hedging: forward market hedge, money market hedge and option market A. True B. False A 3. A "put" option gives the buyer the _________, but not the _______________ to sell a specified number of foreign currency units to the option seller at a fixed dollar pr...

Under aleatory contracts, the exchange of values is: - ANSWERSunequal B is traveling to Europe for a month's vacation. Which of the following coverages might her agent recommend to cover personal items? - ANSWERSPersonal effects floater Under a Personal Auto policy, all of the following are correct about medical payments coverage, except: - ANSWERSThe policy limit is applied on a per occurrence basis, not per person A person wishing to insure a single shipment would be best served by w...

According to the textbook, supply chains include raw materials suppliers, intermediate component manufacturers, end-product manufacturers, wholesale distributors,and retailers True According to the textbook, supply chains include raw materials suppliers, intermediate component manufacturers, end-product manufacturers, but they do not include warehouses and retailers False Reverse logistics activities include the return of defective and damaged items to the manufacturer, and the recyc...

CORB Nov Exam Questions and Answers 100% Pass What are options and when should they be used? - Answer-An option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of service. The...

CLG 0010 DoD Governmentwide Commercial Card Exam Which Of the Governmentwide Commercial Purchase Card Program's Mandatory oversight procedures involves validating that all data mining cases are closed and assessing the key purchasing and management internal controls? How Long does Foreign Military Sales Documentation have to be retained following a case closure An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above...

CLG 0010 Exam 100% Scored 1. Executive orders 12674 and 12731 form the foundational policy on the ethical conduct of federal employees. What are three violations of these executive orders Usin g public office for private gain Defrauding the government Giving preferential treatment to any person or organization 2. Once you established a good working relationingship with a particular supplier you should make all of your purchases from that supplier False 3. Cardholders who have been formally grant...