CON 2370 SIMPLIFIED ACQUISITION PROCEDURES
COMPREHENSIVE EXAM BANK
200 Multiple Choice Questions with Verified Answers
1. What is the current simplified acquisition threshold (SAT) for most federal
acquisitions?
A) $100,000
B) $150,000
C) $250,000
D) $500,000
**Correct Answer: B) $150,000***
*Rationale: FAR Part 2.101 defines the simplified acquisition threshold as $150,000 for
most federal acquisitions. This threshold determines when simplified acquisition
procedures may be used. Exceptions exist for contingency operations ($300,000 inside U.S.,
$1 million outside U.S.).
2. When using simplified acquisition procedures, what is the first priority source
for satisfying a requirement for supplies?
A) GSA Schedule
B) Commercial sources
C) Inventories of the requiring agency
D) Federal Prison Industries
Correct Answer: C) Inventories of the requiring agency
Rationale: FAR 8.002 states that the first priority for satisfying a requirement for supplies is
to check the inventories of the requiring agency before seeking external sources. This
ensures efficient use of existing government assets.
,3. Which of the following statements is NOT correct regarding documenting a
simplified acquisition award?
A) Documentation should be kept to a minimum
B) Price reasonableness should be based on competitive quotes whenever possible
C) A statement of price reasonableness is not required when only one quote is received
D) The basis for award must be documented
Correct Answer: C) A statement of price reasonableness is not required when only
one quote is received
Rationale: This statement is false. Even with a single quote, the contracting officer must
still determine and document price reasonableness using other methods such as market
research, historical pricing, or other relevant information.
4. For a one-time purchase estimated at $18,700 that is not synopsized, how
should competition normally be obtained?
A) Through full and open competition via FedBizOpps
B) By soliciting from sources within the local trade area
C) By using a sole-source justification
D) By posting on GSA e-Buy
Correct Answer: B) By soliciting from sources within the local trade area
Rationale: FAR 13.104 indicates that for purchases not requiring synopsis, competition
should be obtained by soliciting from sources within the local trade area to ensure timely
and cost-effective acquisition.
5. What must be stated in the solicitation regarding the award decision?
A) The names of all evaluators
B) The basis on which the award will be made
C) The exact quantity to be ordered
D) The delivery date
Correct Answer: B) The basis on which the award will be made
Rationale: FAR 13.106-1 requires that the solicitation clearly state the basis for award,
whether it will be based on price alone or price and other evaluation factors. This
promotes transparency and fairness.
,6. Which method are contracting officers encouraged to use when evaluating
offers under SAP?
A) Lowest price technically acceptable
B) Best value
C) Strict lowest price
D) Trade-off analysis exclusively
Correct Answer: B) Best value
Rationale: FAR 13.106-2 encourages contracting officers to use best-value evaluation
methods to consider factors beyond price, such as past performance and technical
capability, even in simplified acquisitions.
7. How must quotations or offers be evaluated?
A) Subjectively, based on the contracting officer's preference
B) Using the basis stated in the solicitation
C) Based solely on past performance
D) Without any written documentation
Correct Answer: B) Using the basis stated in the solicitation
Rationale: FAR 13.106-2(a) mandates that offers must be evaluated using the evaluation
factors and basis for award that were disclosed in the solicitation to ensure fairness and
consistency.
8. What action is a unilateral modification used for?
A) Exercising an option
B) Changing the delivery date by mutual agreement
C) Issuing a termination notice
D) Increasing the contract price
Correct Answer: C) Issuing a termination notice
Rationale: FAR 43.103 defines unilateral modifications as those that can be issued without
the contractor's consent, including termination notices, administrative changes, and
changes authorized by the Changes clause.
, 9. How must an option be exercised?
A) Unilaterally, without contractor consent
B) Using a bilateral modification
C) By issuing a new purchase order
D) Verbally, followed by written confirmation
Correct Answer: B) Using a bilateral modification
Rationale: FAR 37.110 and 43.103 require that exercising an option constitutes a change
to the contract terms and must be done via a bilateral modification, as it requires the
contractor's agreement to perform.
10. A firm-fixed-price services contract valued at $105,975 is considered closed
once you have:
A) Issued a final payment voucher
B) Received evidence of receipt of services and final payment
C) Conducted a post-award conference
D) Filed the contract in the official records
Correct Answer: B) Received evidence of receipt of services and final payment
Rationale: FAR 4.804-4 states that a contract is physically complete when the contractor
has delivered the required supplies or performed the services and final payment has been
made.
11. Under what circumstance may simplified acquisition procedures be used for
repair parts valued at $625,000?
A) Never, as it exceeds the SAT
B) If the parts are sold to the general public
C) Only if approved by the agency head
D) If the requirement is urgent
Correct Answer: B) If the parts are sold to the general public
Rationale: FAR 13.500(c) allows the use of simplified acquisition procedures for
commercial items, including repair parts sold to the general public, even when the value
COMPREHENSIVE EXAM BANK
200 Multiple Choice Questions with Verified Answers
1. What is the current simplified acquisition threshold (SAT) for most federal
acquisitions?
A) $100,000
B) $150,000
C) $250,000
D) $500,000
**Correct Answer: B) $150,000***
*Rationale: FAR Part 2.101 defines the simplified acquisition threshold as $150,000 for
most federal acquisitions. This threshold determines when simplified acquisition
procedures may be used. Exceptions exist for contingency operations ($300,000 inside U.S.,
$1 million outside U.S.).
2. When using simplified acquisition procedures, what is the first priority source
for satisfying a requirement for supplies?
A) GSA Schedule
B) Commercial sources
C) Inventories of the requiring agency
D) Federal Prison Industries
Correct Answer: C) Inventories of the requiring agency
Rationale: FAR 8.002 states that the first priority for satisfying a requirement for supplies is
to check the inventories of the requiring agency before seeking external sources. This
ensures efficient use of existing government assets.
,3. Which of the following statements is NOT correct regarding documenting a
simplified acquisition award?
A) Documentation should be kept to a minimum
B) Price reasonableness should be based on competitive quotes whenever possible
C) A statement of price reasonableness is not required when only one quote is received
D) The basis for award must be documented
Correct Answer: C) A statement of price reasonableness is not required when only
one quote is received
Rationale: This statement is false. Even with a single quote, the contracting officer must
still determine and document price reasonableness using other methods such as market
research, historical pricing, or other relevant information.
4. For a one-time purchase estimated at $18,700 that is not synopsized, how
should competition normally be obtained?
A) Through full and open competition via FedBizOpps
B) By soliciting from sources within the local trade area
C) By using a sole-source justification
D) By posting on GSA e-Buy
Correct Answer: B) By soliciting from sources within the local trade area
Rationale: FAR 13.104 indicates that for purchases not requiring synopsis, competition
should be obtained by soliciting from sources within the local trade area to ensure timely
and cost-effective acquisition.
5. What must be stated in the solicitation regarding the award decision?
A) The names of all evaluators
B) The basis on which the award will be made
C) The exact quantity to be ordered
D) The delivery date
Correct Answer: B) The basis on which the award will be made
Rationale: FAR 13.106-1 requires that the solicitation clearly state the basis for award,
whether it will be based on price alone or price and other evaluation factors. This
promotes transparency and fairness.
,6. Which method are contracting officers encouraged to use when evaluating
offers under SAP?
A) Lowest price technically acceptable
B) Best value
C) Strict lowest price
D) Trade-off analysis exclusively
Correct Answer: B) Best value
Rationale: FAR 13.106-2 encourages contracting officers to use best-value evaluation
methods to consider factors beyond price, such as past performance and technical
capability, even in simplified acquisitions.
7. How must quotations or offers be evaluated?
A) Subjectively, based on the contracting officer's preference
B) Using the basis stated in the solicitation
C) Based solely on past performance
D) Without any written documentation
Correct Answer: B) Using the basis stated in the solicitation
Rationale: FAR 13.106-2(a) mandates that offers must be evaluated using the evaluation
factors and basis for award that were disclosed in the solicitation to ensure fairness and
consistency.
8. What action is a unilateral modification used for?
A) Exercising an option
B) Changing the delivery date by mutual agreement
C) Issuing a termination notice
D) Increasing the contract price
Correct Answer: C) Issuing a termination notice
Rationale: FAR 43.103 defines unilateral modifications as those that can be issued without
the contractor's consent, including termination notices, administrative changes, and
changes authorized by the Changes clause.
, 9. How must an option be exercised?
A) Unilaterally, without contractor consent
B) Using a bilateral modification
C) By issuing a new purchase order
D) Verbally, followed by written confirmation
Correct Answer: B) Using a bilateral modification
Rationale: FAR 37.110 and 43.103 require that exercising an option constitutes a change
to the contract terms and must be done via a bilateral modification, as it requires the
contractor's agreement to perform.
10. A firm-fixed-price services contract valued at $105,975 is considered closed
once you have:
A) Issued a final payment voucher
B) Received evidence of receipt of services and final payment
C) Conducted a post-award conference
D) Filed the contract in the official records
Correct Answer: B) Received evidence of receipt of services and final payment
Rationale: FAR 4.804-4 states that a contract is physically complete when the contractor
has delivered the required supplies or performed the services and final payment has been
made.
11. Under what circumstance may simplified acquisition procedures be used for
repair parts valued at $625,000?
A) Never, as it exceeds the SAT
B) If the parts are sold to the general public
C) Only if approved by the agency head
D) If the requirement is urgent
Correct Answer: B) If the parts are sold to the general public
Rationale: FAR 13.500(c) allows the use of simplified acquisition procedures for
commercial items, including repair parts sold to the general public, even when the value
