FAC 023 EXAM QUESTIONS AND ANSWERS
True or False? The procedures for buying open market items, as prescribed at FAR
8.402(f), are not applicable to items
purchased under OLM procedures. - Answers - False.
Select the three correct responses. When putting together the acquisition plan, ordering
activities should also consider how
much and what types of Other Direct Costs (ODCs) are going to be needed to meet the
requirement. Which of the following is a type of ODC: - Answers - Ancillary Supplies and
Services
Open Market Items
Travel Reimbursements
Select the three correct responses. When preparing an RFQ with OLMs, the RFQ
should state that: - Answers - OLMs must be in support of the order
Quoter must identify indirect cost as a fixed amount (if applicable)
OLMs shall not exceed 33 33% of the total cost of the order
True or False? According to FAR subpart 8.4, ordering activities should place orders on
a "best value" basis. - Answers - True.
Select the correct response. Which is not a "best value factor" for Procurement of
Services? - Answers - Incapable key personnel
True or False? Order administration focuses on obtaining quality services and supplies
on time and within budget. - Answers - True.
True or False? Utilizing a best value determination eliminates the consideration of price.
- Answers - False.
Credit towards an agency's socioeconomic goals can be met through the GSA Multiple
Award Schedules Program. Select the correct response. - Answers - True.
Ordering activities cannot require a MAS Schedule contractor to submit a re-
representation of business size at the order
, level. Select the correct response - Answers - False.
The Multiple Award Schedule (MAS) contract size standard certification is generally
valid for 5 years. Select the correct response. - Answers - True.
Contracting Officers may, at their discretion, set-aside Schedule orders or BPAs for
small business concems. Select the correct response. - Answers - True.
True or False? All orders under the BPA shall specify a price for the performance of the
tasks identified in the statement of work. True False - Answers - True.
Select the correct response. Which is NOT a benefit of a Blanket Purchase Agreement
(BPA)? - Answers - Contractors join together to provide a total solution to meet an
agency's requirements
Question 24 of 60. Select the correct response. Which party is responsible for
identifying ordering activity requirements in the RFQ? - Answers - The MAS Contractor
Select the correct response. Which is NOT a part of the evaluation process? - Answers
- Closeout Evaluation
Select the correct response. The ordering activity Contracting Officer can terminate a
Schedule contract for cause: - Answers - When the contractor fails to comply with any of
the contract terms and conditions
Select the three correct responses. What requirements does a CO need fulfill prior to
terminating a contract for cause? - Answers - Review contract to identify any applicable
clauses
Include in order file a record of dates the contractor received notices
Include in order file copies of all documentation to and from the contractor
Select the two correct responses. An ordering activity must notify GSA when the
following occurs. - Answers - When fraud is suspected related to a Schedule contract
A Schedule order is terminated for cause
Select the correct response. According to FAR subpart 8.406-5, the ordering activity has
the right to terminate all or part of
an order when it is in the Govemment's best interest. What type of termination is this? -
Answers - Termination for Convenience
True or False? The Contractor Team Arrangement document is not crafted by the MAS
contractors who are partnering together. - Answers - False.
True or False? The procedures for buying open market items, as prescribed at FAR
8.402(f), are not applicable to items
purchased under OLM procedures. - Answers - False.
Select the three correct responses. When putting together the acquisition plan, ordering
activities should also consider how
much and what types of Other Direct Costs (ODCs) are going to be needed to meet the
requirement. Which of the following is a type of ODC: - Answers - Ancillary Supplies and
Services
Open Market Items
Travel Reimbursements
Select the three correct responses. When preparing an RFQ with OLMs, the RFQ
should state that: - Answers - OLMs must be in support of the order
Quoter must identify indirect cost as a fixed amount (if applicable)
OLMs shall not exceed 33 33% of the total cost of the order
True or False? According to FAR subpart 8.4, ordering activities should place orders on
a "best value" basis. - Answers - True.
Select the correct response. Which is not a "best value factor" for Procurement of
Services? - Answers - Incapable key personnel
True or False? Order administration focuses on obtaining quality services and supplies
on time and within budget. - Answers - True.
True or False? Utilizing a best value determination eliminates the consideration of price.
- Answers - False.
Credit towards an agency's socioeconomic goals can be met through the GSA Multiple
Award Schedules Program. Select the correct response. - Answers - True.
Ordering activities cannot require a MAS Schedule contractor to submit a re-
representation of business size at the order
, level. Select the correct response - Answers - False.
The Multiple Award Schedule (MAS) contract size standard certification is generally
valid for 5 years. Select the correct response. - Answers - True.
Contracting Officers may, at their discretion, set-aside Schedule orders or BPAs for
small business concems. Select the correct response. - Answers - True.
True or False? All orders under the BPA shall specify a price for the performance of the
tasks identified in the statement of work. True False - Answers - True.
Select the correct response. Which is NOT a benefit of a Blanket Purchase Agreement
(BPA)? - Answers - Contractors join together to provide a total solution to meet an
agency's requirements
Question 24 of 60. Select the correct response. Which party is responsible for
identifying ordering activity requirements in the RFQ? - Answers - The MAS Contractor
Select the correct response. Which is NOT a part of the evaluation process? - Answers
- Closeout Evaluation
Select the correct response. The ordering activity Contracting Officer can terminate a
Schedule contract for cause: - Answers - When the contractor fails to comply with any of
the contract terms and conditions
Select the three correct responses. What requirements does a CO need fulfill prior to
terminating a contract for cause? - Answers - Review contract to identify any applicable
clauses
Include in order file a record of dates the contractor received notices
Include in order file copies of all documentation to and from the contractor
Select the two correct responses. An ordering activity must notify GSA when the
following occurs. - Answers - When fraud is suspected related to a Schedule contract
A Schedule order is terminated for cause
Select the correct response. According to FAR subpart 8.406-5, the ordering activity has
the right to terminate all or part of
an order when it is in the Govemment's best interest. What type of termination is this? -
Answers - Termination for Convenience
True or False? The Contractor Team Arrangement document is not crafted by the MAS
contractors who are partnering together. - Answers - False.
