FAC 023 FINAL EXAM Questions and
Answers Verified Solutions Latest
Update
Question:
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:.
Answer:
Ancillary Supplies and Services Open Market Items Travel Reimbursements
Question:
Select the three correct responses. When preparing an RFQ with OLMs, the RFQ should
state that:.
Answer:
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
Question:
True or False? According to FAR subpart 8.4, ordering activities should place orders on
a "best value" basis..
Answer:
True.
Question:
Select the correct response. Which is not a "best value factor" for Procurement of
Services?.
Answer:
Incapable key personnel
, Question:
True or False? Order administration focuses on obtaining quality services and supplies
on time and within budget..
Answer:
True.
Question:
True or False? Utilizing a best value determination eliminates the consideration of
price..
Answer:
False.
Question:
Credit towards an agency's socioeconomic goals can be met through the GSA Multiple
Award Schedules Program. Select the correct response..
Answer:
True.
Question:
Ordering activities cannot require a MAS Schedule contractor to submit a
re-representation of business size at the order level. Select the correct response.
Answer:
False.
Question:
The Multiple Award Schedule (MAS) contract size standard certification is generally
valid for 5 years. Select the correct response..
Answer:
True.
Answers Verified Solutions Latest
Update
Question:
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:.
Answer:
Ancillary Supplies and Services Open Market Items Travel Reimbursements
Question:
Select the three correct responses. When preparing an RFQ with OLMs, the RFQ should
state that:.
Answer:
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
Question:
True or False? According to FAR subpart 8.4, ordering activities should place orders on
a "best value" basis..
Answer:
True.
Question:
Select the correct response. Which is not a "best value factor" for Procurement of
Services?.
Answer:
Incapable key personnel
, Question:
True or False? Order administration focuses on obtaining quality services and supplies
on time and within budget..
Answer:
True.
Question:
True or False? Utilizing a best value determination eliminates the consideration of
price..
Answer:
False.
Question:
Credit towards an agency's socioeconomic goals can be met through the GSA Multiple
Award Schedules Program. Select the correct response..
Answer:
True.
Question:
Ordering activities cannot require a MAS Schedule contractor to submit a
re-representation of business size at the order level. Select the correct response.
Answer:
False.
Question:
The Multiple Award Schedule (MAS) contract size standard certification is generally
valid for 5 years. Select the correct response..
Answer:
True.
