Test Bank For CLM059 Exam | CLM 059 Fundamentals of Small Business for the Acquisition Workforce Exam |Questions With Verified Answered

Test Bank For CLM059 Exam | CLM 059 Fundamentals of Small Business for the Acquisition Workforce Exam |Questions With Verified Answered Small businesses operate in an environment that includes a variety of entities, each with its own interests and influence on small business participation in Government acquisition ANSWER Congress generates the legislation that impacts acquisition regulations and policy. Since the Depression of the 1930s, when Congress first enacted legislation to help businesses recover from financial difficulties, Congress has enacted a number of laws; such as the Budget Control Act of 2010 and an annual National Defense Authorization Act (NDAA), that support and promote small businesses. The Small Business Act of 1953 created national policy to provide maximum opportunity for small businesses to participate in Government acquisitions as prime contractors and subcontractors. Additionally, the Act officially established the Small Business Administration (SBA) to implement the national policy. Other laws have established procurement goals for small businesses in Federal acquisitions. Assistance and Advocacy Groups Advocacy groups such as Procurement Technical Assistance Centers, Small Business Development Centers, and Chambers of Commerce provide assistance to small businesses. They educate organizations on how small businesses can help them accomplish business with their agency. ANSWER Small businesses see the federal government as potential customer that is rich with opportunities Office of Management and Budget (OMB) / Office of Federal Procurement Policy (OFPP) As the President's executive agent for budget, finance, acquisition, and performance management, the Office of Management and Budget (OMB) promulgates many policies that impact small businesses. These are issued as OMB circulars and memos. The Office of Federal Procurement Policy (OFPP), which is part of OMB, provides overall direction for Government-wide procurement policies, regulations and procedures to promote economy, efficiency, and effectiveness in acquisition processes, including Small Business Programs. ANSWER Federal Agencies All Federal agencies in the Executive Branch of the Federal Government are charged with maximizing opportunities for small businesses. Each agency has small business and socioeconomic goals to achieve, including the Department of Defense (DoD).