CON 3910 Quiz 3 Exam Questions With
Correct Answers
It is the Government's pricing policy to purchase supplies and services
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at fair and reasonable prices from:
| | | | |
- Responsive sources
| |
- Responsible sources
| |
- Sources that offer the lowest possible price
| | | | | | |
- The smallest set of sources - CORRECT ANSWER✔✔-- Responsible
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sources
FAR 15.402 |
What are the two types of negotiated acquisitions?
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- Sole source and competitive
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- Sole source and single source
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- Source selection and competitive
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- Single source and face-to-face - CORRECT ANSWER✔✔-- Sole source
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and competitive
|
FAR 15.002 |
What is the objective of a source selection?
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,- To select the proposal with the lowest price
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- To select the proposal with advancements in technology
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- To select the proposal that represents the best value
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- To select the proposal with the fewest rewrites - CORRECT
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ANSWER✔✔-- To select the proposal that represents the best value
| | | | | | | | |
FAR 15.302
|
Which contract type shifts cost risk from the Government to the
| | | | | | | | | | |
contractor?
- Labor-hour
|
- Fixed-price
|
- Time-and-materials
|
- Cost-reimbursement - CORRECT ANSWER✔✔-- Fixed-price
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FAR 16.104(d)
|
Which of the following best describes the purpose of proposal analysis?
| | | | | | | | | |
- To ensure the price is fair and reasonable
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- To validate the Government requirement is met
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- To determine if the proposal follows commercial practices
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- To evaluate the specifications of the product or service - CORRECT
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ANSWER✔✔-- To ensure the price is fair and reasonable
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FAR 15.404-1
|
, Which type of solicitation may require the submission of certified cost
| | | | | | | | | | |
or pricing data?
| |
- Micropurchase request
| |
- Invitation for bids
| | |
- Request for quotations
| | |
- Request for proposals - CORRECT ANSWER✔✔-- Request for proposals
| | | | | | | | |
FAR 15.203 & 15.402
| | |
A contracting officer has the broadest discretion in fashioning suitable
| | | | | | | | | |
evaluation procedures when considering:
| | |
- Proposals
|
- Bids
|
- Unsolicited proposals
| |
- Quotations - CORRECT ANSWER✔✔-- Quotations
| | | | |
FAR 13.106 |
Which acquisition situation would warrant an exception to the
| | | | | | | | |
requirement for certified cost or pricing data?
| | | | | |
- Sole source award
| | |
- Commercial item acquisition
| | |
- Major weapon system acquisition
| | | |
Correct Answers
It is the Government's pricing policy to purchase supplies and services
| | | | | | | | | | |
at fair and reasonable prices from:
| | | | |
- Responsive sources
| |
- Responsible sources
| |
- Sources that offer the lowest possible price
| | | | | | |
- The smallest set of sources - CORRECT ANSWER✔✔-- Responsible
| | | | | | | | | |
sources
FAR 15.402 |
What are the two types of negotiated acquisitions?
| | | | | | |
- Sole source and competitive
| | | |
- Sole source and single source
| | | | |
- Source selection and competitive
| | | |
- Single source and face-to-face - CORRECT ANSWER✔✔-- Sole source
| | | | | | | | | |
and competitive
|
FAR 15.002 |
What is the objective of a source selection?
| | | | | | |
,- To select the proposal with the lowest price
| | | | | | | |
- To select the proposal with advancements in technology
| | | | | | | |
- To select the proposal that represents the best value
| | | | | | | | |
- To select the proposal with the fewest rewrites - CORRECT
| | | | | | | | | | |
ANSWER✔✔-- To select the proposal that represents the best value
| | | | | | | | |
FAR 15.302
|
Which contract type shifts cost risk from the Government to the
| | | | | | | | | | |
contractor?
- Labor-hour
|
- Fixed-price
|
- Time-and-materials
|
- Cost-reimbursement - CORRECT ANSWER✔✔-- Fixed-price
| | | | |
FAR 16.104(d)
|
Which of the following best describes the purpose of proposal analysis?
| | | | | | | | | |
- To ensure the price is fair and reasonable
| | | | | | | |
- To validate the Government requirement is met
| | | | | | |
- To determine if the proposal follows commercial practices
| | | | | | | |
- To evaluate the specifications of the product or service - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-- To ensure the price is fair and reasonable
| | | | | | | |
FAR 15.404-1
|
, Which type of solicitation may require the submission of certified cost
| | | | | | | | | | |
or pricing data?
| |
- Micropurchase request
| |
- Invitation for bids
| | |
- Request for quotations
| | |
- Request for proposals - CORRECT ANSWER✔✔-- Request for proposals
| | | | | | | | |
FAR 15.203 & 15.402
| | |
A contracting officer has the broadest discretion in fashioning suitable
| | | | | | | | | |
evaluation procedures when considering:
| | |
- Proposals
|
- Bids
|
- Unsolicited proposals
| |
- Quotations - CORRECT ANSWER✔✔-- Quotations
| | | | |
FAR 13.106 |
Which acquisition situation would warrant an exception to the
| | | | | | | | |
requirement for certified cost or pricing data?
| | | | | |
- Sole source award
| | |
- Commercial item acquisition
| | |
- Major weapon system acquisition
| | | |
