CON 1100V TEST BANK QUESTIONS WITH
VERIFIED ANSWERS FULL REVIEW
●● What price analysis is the preferred technique to determine whether
the apparent successful contractor's quoted price is fair and reasonable?
Answer: Comparison of the quoted prices received in response to the
solicitation
●● In the department of defense (DoD),m who has authority to enter
into a contract and bind the government.
Answer: Contracting officer
●● What statement is valid regarding the use if proposal analysis
technique to determine a price fair and reasonable?
Answer: Price analysis is used when certified cost or pricing data is not
required
●● Market research can be strategic or tactical. Which of the following
is a characteristic of strategic market research
Answer: Enables acquisition team to stay informed about overall market
development, trends, and capabilities.
●● Which one of the following is an advantage to full an open
competition ?
, Answer: Provides an incentive for contractor to provide grids and
services at a lower price.
●● Effective communication minimizes the effect of personal biases, m
maximizes the likelihood of successful results, and facilitates
communication among affected stakeholders.
Answer: True
●● Which stage of the contracting life concluded with the receipt of
comprehensive, responsive proposals
Answer: The solicitation stage
●● In what acquisition life cycle stage should the contracting officer
engage with industry to discover contractor motivation factors needed to
determine the appropriate contracting strategy
Answer: The acquisition Planning stage
●● A contracting officers warrant is an example of which type of
authority
Answer: Express actual authority
●● A contract is invalid if any term of the agreement is contrary to
public policy. This is an example of which one if the following essential
elements of a contract.
VERIFIED ANSWERS FULL REVIEW
●● What price analysis is the preferred technique to determine whether
the apparent successful contractor's quoted price is fair and reasonable?
Answer: Comparison of the quoted prices received in response to the
solicitation
●● In the department of defense (DoD),m who has authority to enter
into a contract and bind the government.
Answer: Contracting officer
●● What statement is valid regarding the use if proposal analysis
technique to determine a price fair and reasonable?
Answer: Price analysis is used when certified cost or pricing data is not
required
●● Market research can be strategic or tactical. Which of the following
is a characteristic of strategic market research
Answer: Enables acquisition team to stay informed about overall market
development, trends, and capabilities.
●● Which one of the following is an advantage to full an open
competition ?
, Answer: Provides an incentive for contractor to provide grids and
services at a lower price.
●● Effective communication minimizes the effect of personal biases, m
maximizes the likelihood of successful results, and facilitates
communication among affected stakeholders.
Answer: True
●● Which stage of the contracting life concluded with the receipt of
comprehensive, responsive proposals
Answer: The solicitation stage
●● In what acquisition life cycle stage should the contracting officer
engage with industry to discover contractor motivation factors needed to
determine the appropriate contracting strategy
Answer: The acquisition Planning stage
●● A contracting officers warrant is an example of which type of
authority
Answer: Express actual authority
●● A contract is invalid if any term of the agreement is contrary to
public policy. This is an example of which one if the following essential
elements of a contract.
