Study Guide Questions and All Correct
Answers 2025-2026 Updated.
When the contractor submits his/her Subcontracting Plan on a contract with options, the stated
goals need only be submitted for the base year. - Answer False
Monetary incentives for subcontracting should be used to encourage contractors to provide a
unique outreach program to utilize targeted groups in non-traditional areas. - Answer True
What is defined as, "the Contracting Officer shall set aside any acquisition over $150,000 for
small business participation with reasonable expectation that offers will be received from at
least two responsible small businesses and award will be made at fair market prices"? - Answer
Rule of Two
What are the phases of the SBIR/STTR programs? - Answer Project feasibility, project
development to prototype, commercialization
A contractor's failure to meet the subcontracting goals negotiated into the contract does not, in
and of itself, constitute a failure to make a good faith effort. - Answer True
What is the policy of the United States regarding small business concerns, as stated explicitly by
the Small Business Act? - Answer Small business concerns shall have the maximum practicable
opportunity to participate in the performance of contracts
Which evaluation factor can be used to help evaluate the small business utilization of a vendor
when doing a source selection? - Answer Past performance
When should an organization's small business professional start to get involved in an
acquisition? - Answer As early as possible in the acquisition process when the team is forming.
You are the contracting officer for a $5 million spare parts contract. The prime contractor does
not have an approved purchasing system. The prime contractor intends to award a $1 million
cost reimbursement subcontract. In this case, consent to subcontract is required in advance of
the subcontract award. - Answer True