EXAM 2026/2027 WITH 360
QUESTIONS AND EXPERT-VERIFIED
CORRECT ANSWERS | ALREADY
GRADED A+ | GUARANTEED
SUCCESS
What is one of the goals and benefits of conducting effective market research? -
ANSWER-To determine if commercial products or commercial services are
available.
Agencies shall conduct market research appropriate to the circumstances... -
ANSWER-- Before issuing a task order against a requirements contract below the
simplified acquisition threshold.
,- Before soliciting offers for acquisitions with an estimated value above the
simplified acquisition threshold.
- Before soliciting offers for acquisitions that could lead to consolidation or
bundling.
What are the two types of market research? - ANSWER-Strategic and Tactical
When should agencies conduct market research? - ANSWER-On an ongoing basis.
This document defines performance-based acquisitions and describes required
results in clear, specific and objective terms with measurable outcomes -
ANSWER-Performance Work Statement
This document establishes and defines all non-specification requirements for
contractor's efforts either directly or with the use of specific cited documents -
ANSWER-Statement of Work
This Government prepared document that states the overall performance objectives
and intend to provide maximum flexibility to offerors to propose an innovative
approach - ANSWER-Statement of Objectives
Note: Offerors use the SOO to develop a PWS
List the requirements documents in their FAR mandated Order of Precedence -
ANSWER-(1)Documents mandated by law
(2)Performance-oriented documents
,(3)Detailed design-oriented documents
(4)Government standards, specifications and related publications
Scenario: You are the contracting officer working on a follow-on requirement for
food services at a military installation. The Base Commander has expressed the
need for clearly stated performance objectives, as the current contractor performing
the services is not meeting the Commander's expectations.
Question: Consistent with the order of precedence for requirements documents,
which documents would be included in the new contract? - ANSWER-
Performance Work Statement
Scenario: You are the contracting officer supporting a program office with a
requirement to field a new virus detection capability for forward deployed
locations. The program office has identified their overall performance objectives
but want to go beyond current state-of-the-art capabilities.
Question: What type of requirements document would be best suited for this
acquisition? - ANSWER-Statement of Objectives
Where are Product Service Codes required to be identified? - ANSWER-Contract
Line Items
Contract Action Report (CAR)
Publicizing contract actions synopsis
, It is March 2023, and you receive notice from your customer that come April 2024
they will have a requirement for an advanced component to be integrated into the
current system acquired by your agency in 2022. When should you begin
acquisition planning for the advanced component? - ANSWER-As soon as the
need is identified
What are some goals of acquisition planning? - ANSWER-Satisfy the customer
Minimize administrative operating costs
Fulfill public policy objectives
Your customer needs to purchase a small commercial product that can be acquired
from a GSA Schedule. You should be able to have something on contract within 30
days. Describe the amount of acquisition planning that will be required for this
procurement? - ANSWER-This is a simple buy so the acquisition planning should
be relatively simple
The Planning Team adopts speed of a system as a required system capability.
Where will this be included in the acquisition plan? - ANSWER-Capability or
Performance
Where in the FAR directs contracting officers to promote full and open
competition. - ANSWER-FAR part 6
What types of contracts full under Commercial (products & services)? -
ANSWER-FFP and FP EPA contracts (T&M as well)
Micro-Purchase Thresholds for Supplies and Services - ANSWER-Supplies -
$10,000