CLM 059 SBA – Questions With Detailed Solutions

CLM 059 SBA – Questions With Detailed Solutions What is the DoD Small Business Program? Correct Ans - DoD policy is that a fair proportion of DoD total purchases, contracts, subcontracts, and other agreements for property and services and for sales of property, be placed with Small Business Programs and that such small businesses have the maximum practicable opportunity to participate in DoD acquisitions FAR) 19.202 Correct Ans - requires that small business concerns be afforded an equitable opportunity to compete for all contracts that they can perform to the extent consistent with the Government's interest. FAR part 19 includes Correct Ans - Maximum Practicable Opportunity Fair Proportion of DoD Total Purchases •Prime Contracts •Subcontracts •Sale of Property A small business must meet the following criteria Correct Ans - Has a Place of Business in the U.S., Operates Primarily within the U.S. or Makes a Significant Contribution to the U.S. •Independently Owned and Operated •Not Dominant in its Field •A Sole Proprietorship, Partnership, Corporation or other Legal Form Categories of Small Business include Correct Ans - Woman-Owned Small Business (WOSB) Economically Disadvantaged Women-Owned Small Business (EDWOSB) •Small Disadvantaged Business (SDB) o 8(a) Certified Small Business •Veteran-Owned Small Business (VOSB) •Service-Disabled Veteran-Owned Small Business (SDVOSB) •Historically Underutilized Business Zone Small Business (HUBZone) Woman-Owned Small Business (WOSB) Correct Ans - a small business concern that is at least 51% owned and controlled by women.