CON 1400V Final Exam 2026 – Complete Questions & Correct Answers | A+ Study Guide

CON 1400V Final Exam 2026 – Complete Questions & Correct Answers | A+ Study Guide. Which of the following is a key element of a contract administration plan? A listing of contract terms and conditions related to administration Contractor performance milestones Names, positions, authorities, and limitations of authority for contract administration team members All of the above - Answer-All of the above /.The first task in the contract administration process is to: Review the contract file to identify critical contract requirements and clauses Debrief all offerors not selected for award Develop a contract administration plan Request that the contractor sign a release of claims - Answer-Review the contract file to identify critical contract requirements and clauses /.Generally, government contracts do not hold contractors liable for loss of government property if the property is provided under which contract? Contracts for commercial products and commercial services Contracts with educational institutions Cost-reimbursement contracts Contracts that do not exceed the simplified acquisition threshold - Answer-Cost-reimbursement contracts /.True or false: It is the contracting officer's responsibility to identify and demand payment of contractor debt. True False - Answer-True /.What part of the FAR identifies the required contract file documentation? FAR 4.804 FAR 4.803 FAR Subpart 4.7 FAR Subpart 4.6 - Answer-FAR 4.803 /.Before exercising an option, what must the contracting officer determine? Funds are available The option was synopsized in accordance with FAR Part 5 The requirement covered by the option fulfills an existing government need All of the above - Answer-All of the above /.What process is described in the following statement? Using the technical specifications, COR, or in plant QAS inspects to ensure supplies/services meet contract requirements. Government quality assurance Contractor performance Government Acceptance Contractor invoice review - Answer-Government quality assurance /.Who are key stakeholders for a federal contract or program? The program manager, the contracting officer, and the PCO Only the contracting officer and contracting officer's representative Only the procuring contracting officer (PCO) and the administrative contracting officer (ACO) None of the above - Answer-The program manager, the contracting officer, and the PCO /.True or False: Within the Contractor Performance Assessment Reporting System (CPARS), the assessing official representative is responsible for initiating the report and resolving non-concur. True False - Answer-False /.What is considered government-furnished property? Intellectual property Items considered incidental to the place of performance Material, equipment, and special tooling Software - Answer-Material, equipment, and special tooling /.Which statement is accurate regarding contractor submission of cost data? It is required when modifying a contract or subcontract for commercial products or commercial services It is required when a waiver has been granted