FAC 023 Exam
True or False? The procedures for buying open market items, as
prescribed
8.402(f), atnot
are FARapplicable to
items
purchased under OLM procedures. correct answers
False.
Select the three correct responses. When putting together the acquisition
plan, ordering
activities should also consider
how
much and what types of Other Direct Costs (ODCs) are going to be needed
to meet the Which of the following is a type of ODC: correct answers
requirement.
Ancillary
Supplies and
Services
Open Market
Items
Travel
Reimbursements
Select the three correct responses. When preparing an RFQ with OLMs,
the RFQstate that: correct answers OLMs must be in support of
should
the order
Quoter must identify indirect cost as a fixed amount (if
applicable)
OLMs shall not exceed 33 33% of the total cost of
the order
True or False? According to FAR subpart 8.4, ordering activities should place
orders
a "bestonvalue" basis. correct answers
True.
Select the correct response. Which is not a "best value factor" for
Procurement
Services? of answers Incapable key
correct
personnel
True or False? Order administration focuses on obtaining quality services
andtime
on supplies
and within budget. correct
answers True.
True or False? Utilizing a best value determination eliminates the
consideration
correct answersof price.
False.
Credit towards an agency's socioeconomic goals can be met through the
GSA Multiple
Award Schedules Program. Select the correct response. correct
answers True.
Ordering activities cannot require a MAS Schedule contractor to
submit a re-
representation of business size at the
order
level. Select the correct response correct answers
False.
, The Multiple Award Schedule (MAS) contract size standard certification is
generally
valid for 5 years. Select the correct response. correct
answers True.
Contracting Officers may, at their discretion, set-aside Schedule orders
or BPAs
small for
business concems. Select the correct response. correct
answers True.
True or False? All orders under the BPA shall specify a price for the
performance
tasks identifiedof in
thethe statement of work. True False correct
answers True.
Select the correct response. Which is NOT a benefit of a Blanket Purchase
Agreement
(BPA)? correct answers Contractors join together to provide a total solution
to meet an
agency's
requirements
Question 24 of 60. Select the correct response. Which party is
responsibleordering
identifying for activity requirements in the RFQ? correct answers
The MAS
Contract
or
Select the correct response. Which is NOT a part of the evaluation
process? Closeout
answers correct
Evaluation
Select the correct response. The ordering activity Contracting Officer can
terminate contract
Schedule a for cause: correct answers When the contractor fails to
comply
any with
of the contract terms and
conditions
Select the three correct responses. What requirements does a CO need
fulfill prior toa contract for cause? correct answers Review contract to
terminating
identify any
applicable
clauses
Include in order file a record of dates the contractor
received notices
Include in order file copies of all documentation to and from the
contractor
Select the two correct responses. An ordering activity must notify GSA
when the occurs. correct answers When fraud is suspected related to a
following
Schedule
contra
ct
A Schedule order is terminated for
cause
Select the correct response. According to FAR subpart 8.406-5, the ordering
activity
the righthas
to terminate all or
partorder
an of when it is in the Govemment's best interest. What type of
termination
correct is this?
answers Termination for
Convenience
True or False? The Contractor Team Arrangement document is not crafted by
the MAS
contractors who are partnering together. correct
answers False.
True or False? The procedures for buying open market items, as
prescribed
8.402(f), atnot
are FARapplicable to
items
purchased under OLM procedures. correct answers
False.
Select the three correct responses. When putting together the acquisition
plan, ordering
activities should also consider
how
much and what types of Other Direct Costs (ODCs) are going to be needed
to meet the Which of the following is a type of ODC: correct answers
requirement.
Ancillary
Supplies and
Services
Open Market
Items
Travel
Reimbursements
Select the three correct responses. When preparing an RFQ with OLMs,
the RFQstate that: correct answers OLMs must be in support of
should
the order
Quoter must identify indirect cost as a fixed amount (if
applicable)
OLMs shall not exceed 33 33% of the total cost of
the order
True or False? According to FAR subpart 8.4, ordering activities should place
orders
a "bestonvalue" basis. correct answers
True.
Select the correct response. Which is not a "best value factor" for
Procurement
Services? of answers Incapable key
correct
personnel
True or False? Order administration focuses on obtaining quality services
andtime
on supplies
and within budget. correct
answers True.
True or False? Utilizing a best value determination eliminates the
consideration
correct answersof price.
False.
Credit towards an agency's socioeconomic goals can be met through the
GSA Multiple
Award Schedules Program. Select the correct response. correct
answers True.
Ordering activities cannot require a MAS Schedule contractor to
submit a re-
representation of business size at the
order
level. Select the correct response correct answers
False.
, The Multiple Award Schedule (MAS) contract size standard certification is
generally
valid for 5 years. Select the correct response. correct
answers True.
Contracting Officers may, at their discretion, set-aside Schedule orders
or BPAs
small for
business concems. Select the correct response. correct
answers True.
True or False? All orders under the BPA shall specify a price for the
performance
tasks identifiedof in
thethe statement of work. True False correct
answers True.
Select the correct response. Which is NOT a benefit of a Blanket Purchase
Agreement
(BPA)? correct answers Contractors join together to provide a total solution
to meet an
agency's
requirements
Question 24 of 60. Select the correct response. Which party is
responsibleordering
identifying for activity requirements in the RFQ? correct answers
The MAS
Contract
or
Select the correct response. Which is NOT a part of the evaluation
process? Closeout
answers correct
Evaluation
Select the correct response. The ordering activity Contracting Officer can
terminate contract
Schedule a for cause: correct answers When the contractor fails to
comply
any with
of the contract terms and
conditions
Select the three correct responses. What requirements does a CO need
fulfill prior toa contract for cause? correct answers Review contract to
terminating
identify any
applicable
clauses
Include in order file a record of dates the contractor
received notices
Include in order file copies of all documentation to and from the
contractor
Select the two correct responses. An ordering activity must notify GSA
when the occurs. correct answers When fraud is suspected related to a
following
Schedule
contra
ct
A Schedule order is terminated for
cause
Select the correct response. According to FAR subpart 8.406-5, the ordering
activity
the righthas
to terminate all or
partorder
an of when it is in the Govemment's best interest. What type of
termination
correct is this?
answers Termination for
Convenience
True or False? The Contractor Team Arrangement document is not crafted by
the MAS
contractors who are partnering together. correct
answers False.
