Unit 8|CON 1200:Small Business Act Contracting Requirements| Updated A+ Guide Solution

CON 1200 Unit 8 Quiz: Small Business Act Contracting
Requirements



Points: 25/25




Correct 2/2 Points

1. What does the Small Business Administration do to ensure that small businesses
get their fair share of government contracts?

Negotiate annual procurement preference goals with each federal agency
Feedback:Correct, see U08, Lesson 2 - Small Business Programs and
Goaling.

Negotiate five year procurement preference goals with each federal agency

Negotiate quarterly procurement goals for each federal agency

Dictate the annual procurement goals for each federal agency




Correct 2/2 Points

2. What is one of the purposes of the Small Business program?

To award certain acquisitions to prime contractors

To set aside certain acquisitions exclusively for large contractors

To award certain acquisitions exclusively for sub-contractors

To set aside certain acquisitions exclusively for small businesses

, Feedback:Correct, see FAR 19.201. See U08, Lesson 02 and Lesson 03.




Correct 2/2 Points

3. What is considered a qualifying criteria for a small business concern?

Dependently operated

Dominant in the field of


operation Operate primarily


outside the U.S.


Not dominant in the field of operation
Feedback:Correct, see FAR 2.101. See U08, Lesson 02, Small Business
Programs.




Correct 1/1 Points

4. Fill in the blank from the list of alternatives: "For acquisitions of supplies below
_________ there is no requirement for you to set-aside the purchase."

$2,000

$4,000

$10,000
Feedback:
Correct, see FAR 19.502-1(b) and FAR 2.101 (for micro-purchase definition).
See U08, Lesson 02, Small Business Programs.

$2,500