CON 3900 Comprehensive Questions and Answers

Con 3900 comprehensive Questions and Answers with
100% Correct Answers | Latest Version
Question 1.
Express Actual Authority:
Correct Answer: Authority explicitly given to the agent through the principal's written
or oral instructions

Question 2.
Implied Actual Authority:
Correct Answer: authority to do what is usual, customary and necessary to
accomplish the action. No express agreement

Question 3.
Apparent Authority:
Correct Answer: someone reasonably believes an individual has the authority to act
on the behalf of the government

Question 4.
Delegation of authority:
Correct Answer: he FAR and states that each authority is delegable unless
specifically stated otherwise (FAR 1.108(b)).

Question 5.
contract:
Correct Answer: mutually binding legal relationship obligating the seller to furnish
the supplies or services (including construction) and the buyer to pay for them in
writing

Question 6.
Mutual Assent:
Correct Answer: meeting of the minds. parties involved in a contract must come to an
agreement about the details of the transaction and each party either makes a promise
or begins or renders performance.

Question 7.
Capacity:
Correct Answer: refers to the legal competence of a person to enter a valid contract.

,Question 8.
Consideration:
Correct Answer: something of value that a promisor (the offeror) receives from a
promisee (the offeree) in return for his or her offer.

Question 9.
Lawful Purpose:
Correct Answer: the contract must not be for an unlawful purpose or contrary to
public policy

Question 10.
Essential elements of a contract:
Correct Answer: Capacity Mutual assent Consideration Lawful purpose

Question 11.
FAR part 10:
Correct Answer: market research

Question 12.
Market research:
Correct Answer: the process used to determine if industry can support the
acquisition "needs" of the Government. a continuous process for gathering and
analyzing information about products and services that are available in marketplace.

Question 13.
Market research is conducted to determine:
Correct Answer: if commercial products/services or non-developmental items are
available to meet the Government's needs or could be modified to meet the
Government's needs (FAR10.002(b)).

Question 14.
Strategic market research:
Correct Answer: continuous. overall market developments, trends and capabilities.
An example of strategic research is attending a trade show for a specific industry.

Question 15.
Tactical Market:
Correct Answer: conducted at specific points during the acquisition process.
provides a deeper understanding of the market and answer specific questions about
the capabilities, products or services available in the market.

,Question 16.
Market research can be:
Correct Answer: Strategic or Tactical

Question 17.
The Competition in Contracting Act of 1984, (CICA):
Correct Answer: Generally, unless an exception applies or is otherwise expressly
authorized by statute, Contracting Officers shall promote and provide for full and
open competition in soliciting offers and awarding Government contracts.

Question 18.
Competitive Procedures:
Correct Answer: Sealed bids. Competitive proposals Combination of competitive
procedures.(e.g., two-step sealed bidding). Other competitive procedures

Question 19.
Full and Open Competition:
Correct Answer: With certain limited exceptions contracting officers shall promote
and provide for full and open competition in soliciting offers and awarding
Government contracts

Question 20.
Full and Open Competition After Exclusion of Sources:
Correct Answer: Agencies may exclude a particular source from a contract action in
order to establish or maintain an alternative source or sources

Question 21.
Exclusion of Sources exam- ples:
Correct Answer: small business Establishing or maintaining alternative sources 8(a
Hubzone women-owned small business(EDWOSB) concerns or women-owned small
business (WOSB) concerns eligible under the WOSB Program local firms during a
major disaster or emergency

Question 22.
Other Than Full and Open Competition:
Correct Answer: Contracting without providing for Full and open is authorized under
certain conditions with justification

, Question 23.
Other Than Full and Open Competition Exam- ples:
Correct Answer: Sole Source Unusual and compelling urgency Industrial
mobilization; engineering, developmental, or research capability;or expert services
International agreement Authorized or required by statute National security Public
Interest

Question 24.
Contracting officers shall purchase:
Correct Answer: supplies and services from responsible sources at fair and
reasonable prices (FAR15.402

Question 25.
In establishing the reasonableness the contracting officer shall:
Correct Answer: obtain certified cost or pricing data when required shall obtain data
other than certified cost or pricing data if certified cost or pricing data are not
required

Question 26.
Data other than certified cost or pricing data such as:
Correct Answer: market prices, sales to non-governmental and governmental entities
rely first on data available within the Government second, on data obtained from
sources other than the offeror; and, if necessary, on data obtained from the offeror.

Question 27.
Ethics; The general rule is:
Correct Answer: to avoid strictly any conflict of interest or even the appearance of a
conflict of interest in government-contractor relationships.

Question 28.
Violating compliance rules can subject a contractor to:
Correct Answer: contractual and financial harm, but also potentially to civil monetary
penalties and criminal sanctions