CON 1200V LATEST FINAL EXAM GRADED A+
//QUESTIONS WITH DETAILED ANSWERS
//2024/2025
1. Which if the following statements is correct regarding the government's policy for
describing agency needs?
a) Market research should be used to limit competition to save procurement time.
b) Restrictive provisions can only be used to the extent necessary to meet agency
needs or as authorized by law.
c) Requirements should be defined in terms that encourage offerors to supply
government-unique items.
d) Prime contractors should not be required to incorporate commercial products as
components of the items being
supplied to the agency. - ✅✅b
2. Which of the following types of requirements documents state desired outcomes with
associated standards for the
services being acquired?
a) design-oriented document
b) Guide
c) Performance oriented document
d) Standards - ✅✅c
3. What statement is true regarding product and service codes?
a) Product and service codes should be selected based on the main product or service
being purchased.
b) Most task orders contain only one product or service code.
, c) Product and service codes do not need to be included in contract actions.
d) Product and service codes indicate why certain products, services, and research and
development was purchased
for each contract action. - ✅✅a
4. Why do government contractors diversify their markets? Select all that apply.
a) To increase customer count at minimal expense.
b) To build up resources for commercialization.
c) To stay focused in a specific line of business.
d) To diversify into new agencies and pursue new customers.
e) o boost revenue and reduce risks from agency-specific budget cuts. - ✅✅d
e
5. According to FAR 7.105, a written acquisition plan has two main parts, which are:
a) Acquisition background and objectives, and plan of action.
b) Competition, and cost.
c) Performance period requirements, and source selection procedures.
d) Risks, and sources. - ✅✅a
6. Which of the following are factors to be considered in the determination of whether to
lease o purchase
equipment? Select all that apply.
a) Net purchase price of equipment.
b) Cumulative rental payments for the estimated period of use.
c) Prior experience with contractors when leasing equipment.
d) Estimated length of time equipment will be used. - ✅✅a
7. Many goals can be included in business development, such as sales growth,
business expansion, strategic
partnership formation, and increased profitability.
//QUESTIONS WITH DETAILED ANSWERS
//2024/2025
1. Which if the following statements is correct regarding the government's policy for
describing agency needs?
a) Market research should be used to limit competition to save procurement time.
b) Restrictive provisions can only be used to the extent necessary to meet agency
needs or as authorized by law.
c) Requirements should be defined in terms that encourage offerors to supply
government-unique items.
d) Prime contractors should not be required to incorporate commercial products as
components of the items being
supplied to the agency. - ✅✅b
2. Which of the following types of requirements documents state desired outcomes with
associated standards for the
services being acquired?
a) design-oriented document
b) Guide
c) Performance oriented document
d) Standards - ✅✅c
3. What statement is true regarding product and service codes?
a) Product and service codes should be selected based on the main product or service
being purchased.
b) Most task orders contain only one product or service code.
, c) Product and service codes do not need to be included in contract actions.
d) Product and service codes indicate why certain products, services, and research and
development was purchased
for each contract action. - ✅✅a
4. Why do government contractors diversify their markets? Select all that apply.
a) To increase customer count at minimal expense.
b) To build up resources for commercialization.
c) To stay focused in a specific line of business.
d) To diversify into new agencies and pursue new customers.
e) o boost revenue and reduce risks from agency-specific budget cuts. - ✅✅d
e
5. According to FAR 7.105, a written acquisition plan has two main parts, which are:
a) Acquisition background and objectives, and plan of action.
b) Competition, and cost.
c) Performance period requirements, and source selection procedures.
d) Risks, and sources. - ✅✅a
6. Which of the following are factors to be considered in the determination of whether to
lease o purchase
equipment? Select all that apply.
a) Net purchase price of equipment.
b) Cumulative rental payments for the estimated period of use.
c) Prior experience with contractors when leasing equipment.
d) Estimated length of time equipment will be used. - ✅✅a
7. Many goals can be included in business development, such as sales growth,
business expansion, strategic
partnership formation, and increased profitability.
