Page | 1
BACK TO BASICS CONTRACTING
EXAM/ACTUAL QUESTIONS &
ANSWERS RATED 100%
CORRECT/NEWEST UPDATE✓
Question: What are the 3 phases of contract life cycle?
Answer:
✓ Pre-Award, Award, and Post-Award
Question: The Pre-award phase consists of 2 primary activities, what are
they?
Answer:
✓ Develop Solicitation and Develop Offer
Question: What one activity is in the award phase?
Answer:
✓ Form the Contract
Question: The post-award phase is comprised of 2 primary activities, what are
they?
Answer:
✓ Perform Contract and Close Contract
Question: Who develops a solitication?
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Answer:
✓ The Government and the buyer
Question: Who prepares an offer?
Answer:
✓ The Contractor and the seller
Question: During the post-award phase while the contract is being
performed, who has the responsibility for quality?
Answer:
✓ The seller
Question: What is the means by acquiring by contract with appropriated
funds of supplies or services by and for the use of the Federal Government
through purchase or lease?
Answer:
✓ Acquisition
Question: What FAR part covers personal conflict of interest?
Answer:
✓ FAR Part 3
Question: What FAR part covers organizational conflict of interest?
Answer:
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✓ FAR Part 9
Question: Who has the authority to the maximum extent practicable and
consistent with law, to determine the application of rules, regulations, and
policies, on a specific contract?
Answer:
✓ The Contracting Officer
Question: Openness for the contracting officer applies primarily to?
Answer:
✓ The Acquisition Team, Contractor, Offerors, and The Contracting
Team
Question: What is a Determination and Findings (D&F)?
Answer:
✓ Determination is a conclusion or decision supported by the findings.
Question: What is a special form of written approval by an authorized official
that is required by statute or regulation as a prerequisite to taking certain
contract actions.
Answer:
✓ A Determination and Findings (D&F)
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Question: What is it called when a practice of conducting acquisition actions
of any kind at any stage of the acquisition process that is inconsistent with the
FAR?
Answer:
✓ Deviation
Question: What is a summary of the contractor's proposal, any field pricing
assistance recommendations, including the reasons for any pertinent
variances from them, the Government's negotiation objective, and the
negotiated position. Where the determination of a fair and reasonable price is
based on cost analysis, the summary shall address each major cost element.
When determination of a fair and reasonable price is based on price analysis,
the summary shall include the source and type of data used to support the
determination.
Answer:
✓ Negotiation
Question: You need to document a business decision, such as the use of a
specific contract type. What document will you create?
Answer:
✓ A Determination and Findings (D&F)
Question: At the conclusion of negotiations, the contracting officer will
complete a what?
Answer:
BACK TO BASICS CONTRACTING
EXAM/ACTUAL QUESTIONS &
ANSWERS RATED 100%
CORRECT/NEWEST UPDATE✓
Question: What are the 3 phases of contract life cycle?
Answer:
✓ Pre-Award, Award, and Post-Award
Question: The Pre-award phase consists of 2 primary activities, what are
they?
Answer:
✓ Develop Solicitation and Develop Offer
Question: What one activity is in the award phase?
Answer:
✓ Form the Contract
Question: The post-award phase is comprised of 2 primary activities, what are
they?
Answer:
✓ Perform Contract and Close Contract
Question: Who develops a solitication?
, Page | 2
Answer:
✓ The Government and the buyer
Question: Who prepares an offer?
Answer:
✓ The Contractor and the seller
Question: During the post-award phase while the contract is being
performed, who has the responsibility for quality?
Answer:
✓ The seller
Question: What is the means by acquiring by contract with appropriated
funds of supplies or services by and for the use of the Federal Government
through purchase or lease?
Answer:
✓ Acquisition
Question: What FAR part covers personal conflict of interest?
Answer:
✓ FAR Part 3
Question: What FAR part covers organizational conflict of interest?
Answer:
, Page | 3
✓ FAR Part 9
Question: Who has the authority to the maximum extent practicable and
consistent with law, to determine the application of rules, regulations, and
policies, on a specific contract?
Answer:
✓ The Contracting Officer
Question: Openness for the contracting officer applies primarily to?
Answer:
✓ The Acquisition Team, Contractor, Offerors, and The Contracting
Team
Question: What is a Determination and Findings (D&F)?
Answer:
✓ Determination is a conclusion or decision supported by the findings.
Question: What is a special form of written approval by an authorized official
that is required by statute or regulation as a prerequisite to taking certain
contract actions.
Answer:
✓ A Determination and Findings (D&F)
, Page | 4
Question: What is it called when a practice of conducting acquisition actions
of any kind at any stage of the acquisition process that is inconsistent with the
FAR?
Answer:
✓ Deviation
Question: What is a summary of the contractor's proposal, any field pricing
assistance recommendations, including the reasons for any pertinent
variances from them, the Government's negotiation objective, and the
negotiated position. Where the determination of a fair and reasonable price is
based on cost analysis, the summary shall address each major cost element.
When determination of a fair and reasonable price is based on price analysis,
the summary shall include the source and type of data used to support the
determination.
Answer:
✓ Negotiation
Question: You need to document a business decision, such as the use of a
specific contract type. What document will you create?
Answer:
✓ A Determination and Findings (D&F)
Question: At the conclusion of negotiations, the contracting officer will
complete a what?
Answer:
