CON 3910 PRACTICE EXAM 1 QUESTIONS &
ANSWERS
Market Research is conducted during which phase of acquisition? - Answer -All phases
of the acquisition
What is the use of a procedure that is inconsistent with the FAR - Answer -Deviation
Simplified Acquisition Procedures (SAP) should: - Answer -Promote competition to the
maximum extend practicable
What is the tool (form) used by dod to apply a structured profit/fee? - Answer -DD Form
1547 - Weighted Guidelines Method
What type(s) of contracts can be awarded when acquiring commercial items of supply?
- Answer -Only firm-fixed-price contracts OR fixed-price contracts with economic price
adjustment
When using invitations for bids (ifbs), what type(s) of contracts can be awarded? -
Answer -Only firm-fixed-price contracts OR fixed-price contracts with economic price
adjustment
The dod Procurement Instrument Identifier (PIID) is 13 positions long. Position 9
identifies the type of instrument. If position 9 is a "D", which of the following types of
instruments is representative? - Answer -Indefinite-delivery contracts to include idiqs
and requirements contracts
You are reviewing a contract that utilizes the uniform contract format. In Section J you
see an exhibit. How will the exhibit be displayed? - Answer -With one or two alpha
characters (Ex: Exhibit AA)
Your customer comes to you anticipating a new requirement, one that has not been
purchased recently. You'd like to refer them to the FAR part dealing specifically with
market research. Which FAR part do you refer them to? - Answer -FAR part 10
Of the following types of contracts, which shall not be used in Government contracting?
- Answer -Cost-plus-a-percentage-of-cost
When can a time-and-materials (T&M) contract be used? - Answer -A T&M contract
may be used only when it is not possible at the time of placing the contract to estimate
accurately the extent or duration of the work or to anticipate costs.
What underlying principle should the contracting officer follow to avoid organizational
conflicts of interests? - Answer -Prevent unfair competitive advantage
ANSWERS
Market Research is conducted during which phase of acquisition? - Answer -All phases
of the acquisition
What is the use of a procedure that is inconsistent with the FAR - Answer -Deviation
Simplified Acquisition Procedures (SAP) should: - Answer -Promote competition to the
maximum extend practicable
What is the tool (form) used by dod to apply a structured profit/fee? - Answer -DD Form
1547 - Weighted Guidelines Method
What type(s) of contracts can be awarded when acquiring commercial items of supply?
- Answer -Only firm-fixed-price contracts OR fixed-price contracts with economic price
adjustment
When using invitations for bids (ifbs), what type(s) of contracts can be awarded? -
Answer -Only firm-fixed-price contracts OR fixed-price contracts with economic price
adjustment
The dod Procurement Instrument Identifier (PIID) is 13 positions long. Position 9
identifies the type of instrument. If position 9 is a "D", which of the following types of
instruments is representative? - Answer -Indefinite-delivery contracts to include idiqs
and requirements contracts
You are reviewing a contract that utilizes the uniform contract format. In Section J you
see an exhibit. How will the exhibit be displayed? - Answer -With one or two alpha
characters (Ex: Exhibit AA)
Your customer comes to you anticipating a new requirement, one that has not been
purchased recently. You'd like to refer them to the FAR part dealing specifically with
market research. Which FAR part do you refer them to? - Answer -FAR part 10
Of the following types of contracts, which shall not be used in Government contracting?
- Answer -Cost-plus-a-percentage-of-cost
When can a time-and-materials (T&M) contract be used? - Answer -A T&M contract
may be used only when it is not possible at the time of placing the contract to estimate
accurately the extent or duration of the work or to anticipate costs.
What underlying principle should the contracting officer follow to avoid organizational
conflicts of interests? - Answer -Prevent unfair competitive advantage
