CON 1200 EXAM Questions and
Answers Verified Solutions Latest
Update
Question:
Which FAR Part allows for any contract type or combination of types, including Fixed
Price and Cost Reimbursable?
Answer:
FAR Part 15
Question:
Does a Fixed Price with Economic Price Adjustment (FP-EPA) contract provide for
upward and downward revision of the price based on specified contingencies?
Answer:
True
Question:
What act established the requirement to use competitive procedures in acquiring
supplies and services?
Answer:
Competition in Contracting Act (CICA)
Question:
Are liquidated damages intended to serve as a penalty to punish the contractor for
failure to perform?
Answer:
False
,Question:
When establishing an acquisition plan, which of the following is NOT a scheduling factor
for supplies and services?
Answer:
The contractor's profit margin
Question:
Regarding Government Furnished Property (GFP), how must the government ensure
property is provided?
Answer:
Good working order; on time
Question:
What is the primary purpose of Product Service Codes (PSCs)?
Answer:
To describe the products, services, and R&D being purchased
Question:
Who has the overall responsibility for acquisition planning?
Answer:
The Program Manager or the Planner
Question:
Which FAR Part addresses the policies and procedures concerning Government
Property (including GFP)?
Answer:
FAR Part 45
Question:
What is NOT a stated purpose of publishing (publicizing) contract actions?
Answer:
To guarantee the lowest price
, Question:
Is SAM.gov currently the designated Government-wide Point of Entry (GPE)?
Answer:
True
Question:
Where in the FAR would you look to find exceptions to the requirement to synopsize an
action?
Answer:
FAR 5.101(b)
Question:
Which type of solicitation is primarily used for Simplified Acquisition Procedures (SAP)?
Answer:
RFQ (Request for Quotations)
Question:
If you are negotiating a contract, under which FAR Part are you primarily operating?
Answer:
FAR Part 15
Question:
In DoD, what is the term for formal procedures that occur at multiple stages of the
pre-award phase?
Answer:
Business Clearance
Question:
When must a solicitation be amended?
Answer:
Anytime the government changes its requirements or the terms and conditions.
Answers Verified Solutions Latest
Update
Question:
Which FAR Part allows for any contract type or combination of types, including Fixed
Price and Cost Reimbursable?
Answer:
FAR Part 15
Question:
Does a Fixed Price with Economic Price Adjustment (FP-EPA) contract provide for
upward and downward revision of the price based on specified contingencies?
Answer:
True
Question:
What act established the requirement to use competitive procedures in acquiring
supplies and services?
Answer:
Competition in Contracting Act (CICA)
Question:
Are liquidated damages intended to serve as a penalty to punish the contractor for
failure to perform?
Answer:
False
,Question:
When establishing an acquisition plan, which of the following is NOT a scheduling factor
for supplies and services?
Answer:
The contractor's profit margin
Question:
Regarding Government Furnished Property (GFP), how must the government ensure
property is provided?
Answer:
Good working order; on time
Question:
What is the primary purpose of Product Service Codes (PSCs)?
Answer:
To describe the products, services, and R&D being purchased
Question:
Who has the overall responsibility for acquisition planning?
Answer:
The Program Manager or the Planner
Question:
Which FAR Part addresses the policies and procedures concerning Government
Property (including GFP)?
Answer:
FAR Part 45
Question:
What is NOT a stated purpose of publishing (publicizing) contract actions?
Answer:
To guarantee the lowest price
, Question:
Is SAM.gov currently the designated Government-wide Point of Entry (GPE)?
Answer:
True
Question:
Where in the FAR would you look to find exceptions to the requirement to synopsize an
action?
Answer:
FAR 5.101(b)
Question:
Which type of solicitation is primarily used for Simplified Acquisition Procedures (SAP)?
Answer:
RFQ (Request for Quotations)
Question:
If you are negotiating a contract, under which FAR Part are you primarily operating?
Answer:
FAR Part 15
Question:
In DoD, what is the term for formal procedures that occur at multiple stages of the
pre-award phase?
Answer:
Business Clearance
Question:
When must a solicitation be amended?
Answer:
Anytime the government changes its requirements or the terms and conditions.
