VERIFIED CORRECT ANSWERS
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DoD Mentor-Protégé Program - CORRECT ANSWER-Assists small businesses (protégés) to
successfully compete for prime contracts and subcontract awards by partnering with large
companies (mentors) under individual, project-based agreements.
Insourcing - CORRECT ANSWER-Business practice performed within the operational
infrastructure of the organization
Outsourcing - CORRECT ANSWER-Hiring outside organization not affiliated with the company to
complete specific tasks
Offshoring - CORRECT ANSWER-Moves company business process to foreign location, while
allowing you to retain control of the business process. Can save on labor and production costs
when hiring talent and buying resources from developing countries.
Ultimately the underlying objective in any make versus buy decision is to: - CORRECT ANSWER-
Improve performance and increase company value
Acquisition Planning - CORRECT ANSWER-Act of planning, required in every acquisition.
Acquisition Plan - CORRECT ANSWER-Physical document - does not have to be completed in
every acquisition.
,When should acquisition planning begin? - CORRECT ANSWER-As soon as the agency need is
identified
Acquisition planning helps ensure: - CORRECT ANSWER-Government meets its needs in the
most effective, economical, and timely manner.
In the DoD, who has overall responsibility for acquisition planning? - CORRECT ANSWER-
Program Manager (PM) or other official responsible for program
What must a written acquisition plan address? - CORRECT ANSWER-- Technical, business,
management, and other significant considerations that will control the acquisition
- Description of strategies for implementing performance-based acquisition methods or the
rationale for not using those methods.
Sections of Acquisition Plan: - CORRECT ANSWER-Acquisition Background and Objectives; Plan
of Action
Make-or-Buy - CORRECT ANSWER-Contractor's written plan outlining what it will produce
(Make) and what will be subcontracted (Buy).
Make Item - CORRECT ANSWER-Item or work effort to be produced or performed by the prime
contractor or its affiliates, subsidiaries, or divisions.
Bundling - CORRECT ANSWER-Consolidation of two or more requirements, previously
performed under separate smaller contracts, into a single solicitation.
Lease or Purchase - CORRECT ANSWER-Government's decision regarding equipment and
whether it will be purchased or leased.
,What are the two types of property? - CORRECT ANSWER-Real and Personal
Who ensures delivery or performance schedules are realistic and meet the requirements of the
acquisition? - CORRECT ANSWER-Contracting Officers
ADC - CORRECT ANSWER-After date of contract
ACA - CORRECT ANSWER-After contract award
The type of schedule established depends on the following factors: - CORRECT ANSWER--
Complexity of the project
- Criticality to complete the project
- Coordination with other contracts
- Cost benefit of a detailed schedule
Risks that could impact acquisition schedule include: - CORRECT ANSWER-- Late deliveries
- Political pressure
- Changing requirements
Liquidated Damages - CORRECT ANSWER-Express clause in a contract stating a sum for which
one of the parties will be liable upon breach of contract or failure to perform.
As a business advisor, you are reviewing your customer's PWS and anticipate a problem with
restrictive language. Your concern is that this language will limit __________. - CORRECT
ANSWER-Full and open competition
, Defines performance-based acquisitions and describes required results in clear, specific and
objective terms with measurable outcomes? - CORRECT ANSWER-Performance work statement
Establishes and defines all non-specification requirements for contractor's efforts either directly
or with the use of specific cited documents? - CORRECT ANSWER-Statement of work
Document stating overall performance objectives
Intends to provide maximum flexibility to offerors to propose an innovative approach: -
CORRECT ANSWER-Statement of Objectives (SOO)
Which of the following statements regarding a statement of objectives (SOO) is false? -
CORRECT ANSWER-SOO becomes part of the contract
Which of the following statements regarding a statement of objectives (SOO) is true? - CORRECT
ANSWER-Offerors use the SOO to develop a PWS
Where are Product Service Codes required to be identified? - CORRECT ANSWER-- Contract Line
Items
- Contract Action Report (CAR)
- Publicizing contract actions synopsis
Place the following categories of requirements documents in their order of preference: -
CORRECT ANSWER-- Documents mandated by law
- Performance-oriented documents
- Detailed design-oriented documents
- Gov. standards, specifications, related publications
What Product Service Code covers live animals not raised for food? - CORRECT ANSWER-8820