CON 3900V Week 3 Quiz questions and answers

CON 3900V Week 3 Quiz questions
and answers

1. It is the Government's pricing policy to purchase supplies and services at fair and reasonable
prices from:



A. Responsive sources

B. Responsible sources

C. Sources that offer the lowest possible price

D. The smallest set of sources - correct answer ✔✔ B. Responsible sources



Feedback: See FAR 15.402



2. What are the two types of negotiated acquisitions?



A. Sole source and competitive

B. Sole source and single source

C. Source selection and competitive

D. Single source and face-to-face - correct answer ✔✔ A. Sole source and competitive



Feedback: See FAR 15.002



3. What is the objective of a source selection?



A. To select the proposal with the lowest price

, B. To select the proposal with advancements in technology

C. To select the proposal that represents the best value

D. To select the proposal with the fewest rewrites - correct answer ✔✔ C. To select the proposal
that represents the best value



Feedback: See FAR 15.302



4. Which contract type shifts cost risk from the Government to the contractor?



A. Labor-hour

B. Fixed-price

C. Time-and-materials

D. Cost-reimbursement - correct answer ✔✔ B. Fixed-price



Feedback: See FAR 16.104(d) - (As a requirement recurs or as quantity production begins, the
cost risk should shift to the contractor, and a fixed-price contract should be considered.)



5. Which of the following best describes the purpose of proposal analysis?



A. To ensure the price is fair and reasonable

B. To validate the Government requirement is met

C. To determine if the proposal follows commercial practices

D. To evaluate the specifications of the product or service - correct answer ✔✔ A. To ensure the
price is fair and reasonable



Feedback: See FAR 15.404-1