CON1100V UPDATED Questions and
CORRECT Answers
Micro-purchase - CORRECT ANSWER - means an acquisition of supplies or services
using simplified acquisition procedures, the aggregate amount of which does not exceed the
micro-purchase threshold.
What is a Blanket Purchasing Agreement? - CORRECT ANSWER - a simplified method
of filling anticipated repetitive needs for supplies or services by establishing "charge accounts"
with qualified sources of supply.
How does a Blanket Purchasing Agreement work? - CORRECT ANSWER - It works by
establishing "charge accounts" with qualified sources of supply to fill anticipated repetitive needs
for supplies or services.
Simplified Acquisition Procedures - CORRECT ANSWER - a streamlined method of
acquiring goods and services that have an anticipated dollar value exceeding the micro-purchase
threshold but not exceeding the simplified acquisition threshold.
COTS - CORRECT ANSWER - Commercially available off-the-shelf
NDI - CORRECT ANSWER - Nondevelopmental item
NDI - CORRECT ANSWER - Any previously developed item of supply used exclusively
for Gov't purposes by a Federal agency, a state of local Gov't, or foreign Gov't with which the
US has a mutual defense cooperation agreement
Simplified Acquisition Procedures - CORRECT ANSWER - Streamlined method of
acquiring goods and services that have an anticipated dollar value exceeding the micro-purchase
threshold (MPT) but not exceeding the simplified acquisition threshold (SAT)
CORRECT Answers
Micro-purchase - CORRECT ANSWER - means an acquisition of supplies or services
using simplified acquisition procedures, the aggregate amount of which does not exceed the
micro-purchase threshold.
What is a Blanket Purchasing Agreement? - CORRECT ANSWER - a simplified method
of filling anticipated repetitive needs for supplies or services by establishing "charge accounts"
with qualified sources of supply.
How does a Blanket Purchasing Agreement work? - CORRECT ANSWER - It works by
establishing "charge accounts" with qualified sources of supply to fill anticipated repetitive needs
for supplies or services.
Simplified Acquisition Procedures - CORRECT ANSWER - a streamlined method of
acquiring goods and services that have an anticipated dollar value exceeding the micro-purchase
threshold but not exceeding the simplified acquisition threshold.
COTS - CORRECT ANSWER - Commercially available off-the-shelf
NDI - CORRECT ANSWER - Nondevelopmental item
NDI - CORRECT ANSWER - Any previously developed item of supply used exclusively
for Gov't purposes by a Federal agency, a state of local Gov't, or foreign Gov't with which the
US has a mutual defense cooperation agreement
Simplified Acquisition Procedures - CORRECT ANSWER - Streamlined method of
acquiring goods and services that have an anticipated dollar value exceeding the micro-purchase
threshold (MPT) but not exceeding the simplified acquisition threshold (SAT)
