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Unit 5|CON 1200|Unit 5 Quiz: Small Business Act Contracting Requirement|Updated Solution

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What is one of the purposes of the Small Business program? To award certain acquisitions exclusively for sub-contractors To set aside certain acquisitions exclusively for small businesses Feedback:Correct, see FAR 19.201. See U05, Lesson 02 and Lesson 03. To award certain acquisitions to prime contractors To set aside certain acquisitions exclusively for large contractors Correct 2/2 Points What is considered a qualifying criteria for a small business concern? 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. Dependently operated Dominant in the field of op

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CON 1200 Unit 5 Quiz: Small Business Act
Contracting Requirement
What is one of the purposes of the Small Business program?

To award certain acquisitions exclusively for sub-contractors


To set aside certain acquisitions exclusively for small businesses
Feedback:Correct, see FAR 19.201. See U05, Lesson 02 and Lesson 03.

To award certain acquisitions to prime contractors


To set aside certain acquisitions exclusively for large contractors




Correct 2/2 Points

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

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.

Dependently operated


Dominant in the field of operation




Correct 2/2 Points

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."

$2,500


$2,000


$4,000

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