FAC 023 TEST Questions and
Answers Verified Solutions Latest
Update
Question:
T03.E03a You are the contracting office for a firm-fixed-price purchase order for
commercial supplies with a value of $565,000. Two weeks after delivery and
acceptance of the items, the user complains that the goods are not functioning as
expected. You Investigate and determine that the items are not fully compliant with
the specification in the contract. who would bear the cost of correcting the
nonconforming supplies that were accepted by the Government?.
Answer:
The Contractor
Question:
T02.E05b You just made a purchase for supplies in the amount of $22,300. You
solicited quotations orally from four local sources. Which of the following statements is
correct regarding providing notice to the unsuccessful suppliers?.
Answer:
Notice to the unsuccessful suppliers will only be given if requested.
Question:
T02.E04 You are the contracting officer for a requirement for commercial services with
and estimated value of $780,000. Four quotations were received in response to the
solicitation and market pricing is available. Which one of the following statements
about the price reasonableness determination is most appropriate?.
Answer:
Market research must be conducted or obtained to support the fair and reasonable
determination.
, Question:
T03.E02 You are the contracting officer for a firm-fixed-priced services contract valued
at $105,975. Which one of the following statements about closeout is correct?.
Answer:
The contract is considered closed once you've received evidence of receipt of service
and final payment.
Question:
T02.E03a Which one of the following is NOT one of the first steps taken when questions
are received in response to a solicitation using SAP..
Answer:
Reviewing the quotations for responsibility (1 of 3 known answers)
Question:
T01.E04 You have a requirement for administrative support with an estimated value of
$1,500,000. Market research shows numerous potential offerors that are competitive in
terms of market price quality, and delivery. That list of potential offerors includes 4
small businesses and 8 large businesses..
Answer:
The entire acquisition must be set aside exclusively for small business.
Question:
T02.E01d You are the contracting officer for a construction requirement with and
estimated value of $20,600. Access to the written solicitation will not be provided in
the GPE, and none of the exceptions are FAR 5.202 apply. Which one of the following
correctly describes the requirement for publicizing this proposed contract action.?.
Answer:
Notice of the solicitation, or copy of the solicitation, must be posted in a public place.
Question:
T03.E01a You are the contracting officer for a noncommercial bilateral purchase order
for supplies valued at $155,600. Which one of the following actions would be executed
using a unilateral modification?.
Answer:
Issuing a termination notice.
Answers Verified Solutions Latest
Update
Question:
T03.E03a You are the contracting office for a firm-fixed-price purchase order for
commercial supplies with a value of $565,000. Two weeks after delivery and
acceptance of the items, the user complains that the goods are not functioning as
expected. You Investigate and determine that the items are not fully compliant with
the specification in the contract. who would bear the cost of correcting the
nonconforming supplies that were accepted by the Government?.
Answer:
The Contractor
Question:
T02.E05b You just made a purchase for supplies in the amount of $22,300. You
solicited quotations orally from four local sources. Which of the following statements is
correct regarding providing notice to the unsuccessful suppliers?.
Answer:
Notice to the unsuccessful suppliers will only be given if requested.
Question:
T02.E04 You are the contracting officer for a requirement for commercial services with
and estimated value of $780,000. Four quotations were received in response to the
solicitation and market pricing is available. Which one of the following statements
about the price reasonableness determination is most appropriate?.
Answer:
Market research must be conducted or obtained to support the fair and reasonable
determination.
, Question:
T03.E02 You are the contracting officer for a firm-fixed-priced services contract valued
at $105,975. Which one of the following statements about closeout is correct?.
Answer:
The contract is considered closed once you've received evidence of receipt of service
and final payment.
Question:
T02.E03a Which one of the following is NOT one of the first steps taken when questions
are received in response to a solicitation using SAP..
Answer:
Reviewing the quotations for responsibility (1 of 3 known answers)
Question:
T01.E04 You have a requirement for administrative support with an estimated value of
$1,500,000. Market research shows numerous potential offerors that are competitive in
terms of market price quality, and delivery. That list of potential offerors includes 4
small businesses and 8 large businesses..
Answer:
The entire acquisition must be set aside exclusively for small business.
Question:
T02.E01d You are the contracting officer for a construction requirement with and
estimated value of $20,600. Access to the written solicitation will not be provided in
the GPE, and none of the exceptions are FAR 5.202 apply. Which one of the following
correctly describes the requirement for publicizing this proposed contract action.?.
Answer:
Notice of the solicitation, or copy of the solicitation, must be posted in a public place.
Question:
T03.E01a You are the contracting officer for a noncommercial bilateral purchase order
for supplies valued at $155,600. Which one of the following actions would be executed
using a unilateral modification?.
Answer:
Issuing a termination notice.
