FAC 023 REVIEW ALL PAPER ANSWERS AND
QUESTIONS SET A+
✔✔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: - ✔✔Ancillary Supplies and
Services
Open Market Items
Travel Reimbursements
✔✔Select the three correct responses. When preparing an RFQ with OLMs, the RFQ
should state that: - ✔✔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
✔✔True or False? According to FAR subpart 8.4, ordering activities should place orders
on a "best value" basis. - ✔✔True.
✔✔Select the correct response. Which is not a "best value factor" for Procurement of
Services? - ✔✔Incapable key personnel
✔✔True or False? Order administration focuses on obtaining quality services and
supplies on time and within budget. - ✔✔True.
✔✔True or False? Utilizing a best value determination eliminates the consideration of
price. - ✔✔False.
QUESTIONS SET A+
✔✔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: - ✔✔Ancillary Supplies and
Services
Open Market Items
Travel Reimbursements
✔✔Select the three correct responses. When preparing an RFQ with OLMs, the RFQ
should state that: - ✔✔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
✔✔True or False? According to FAR subpart 8.4, ordering activities should place orders
on a "best value" basis. - ✔✔True.
✔✔Select the correct response. Which is not a "best value factor" for Procurement of
Services? - ✔✔Incapable key personnel
✔✔True or False? Order administration focuses on obtaining quality services and
supplies on time and within budget. - ✔✔True.
✔✔True or False? Utilizing a best value determination eliminates the consideration of
price. - ✔✔False.
