Questions with Correct
Solutions||100% Guaranteed
Pass||Updated 2026/2027
Syllabus||Already Graded
A+||<<NEWEST VERSION>>
You must prepare a synopsis if your action exceeds ______ unless an exception
exists. - ANSWER ✓ $20,000
What must you consider when tailoring a market research strategy? - ANSWER ✓
-Performance standards
-Changes in product/service characteristics
-Product shelf-life or life cycle capabilities
-Packaging & Delivery methods
-Product Variations
-Any other pertinent information
What should your contract file contain regarding market research? - ANSWER ✓
-The methods
-The timeframe it was conducted
-Analysis of vendor capabilities
-Ultimate conclusions based on analysis
What FAR Part covers agency needs? - ANSWER ✓ FAR Part 11
Why should contract requirements be clearly defined? - ANSWER ✓ So that
industry knows the requirement or what problem needs to be solved
When will you use a Statement of Objectives (SOO)? - ANSWER ✓ Often used in
the beginning of an R&D action
, What are measurable performance standards and who can set them? - ANSWER
✓ Standards in the PWS that are clear goals that can be measured.
Can be set by the government or suggested by the contractor
When can you require a contractor to submit a Make-or-Buy plan? - ANSWER ✓
For acquisitions over $20 million
When would we provide GFP with acquisitions? - ANSWER ✓ If it's necessary to
provide material or equipment for the performance of the contract.
what is included in an Acquisitions plan? - ANSWER ✓ -Statement of need
-Feasible alternatives
-Delivery
-Compatibility and capability with other systems
What FAR part covers forming Acquisition plans? - ANSWER ✓ FAR Part 7
What is an appropriate way to set up a delivery due date? - ANSWER ✓ After
Date of Contract Award (ADC)
What is the rule about doing a small business set aside? - ANSWER ✓ Above
MPT and below SAT
Rule of Two - two or more responsible small business concerns if above the SAT
When would you use a firm fixed price contract? - ANSWER ✓ -Commercial
Items
-Easily defined work
-Detailed specs or engineering drawings
When would you use a cost reimbursable contract? - ANSWER ✓ When
performance has so much uncertainty that costs can't be estimated
What type of competition occurs with small business set asides? - ANSWER ✓
full and open with exclusions