2 of 4 Questions and Complete
Solutions Graded A+
It is the Government's policy that before executing a contract, the contracting officer must? - Answer:
Obtain written assurance from the responsible fiscal authority that adequate funds are available.
What would be the preferred way to acquire an item in Government contracting? - Answer: Purchase
the requirement as a commercial item.
Contracting officers shall provide property to contractors only when it is clearly demonstrated that? -
Answer: The overall benefit to the acquisition significantly outweighs the increased cost of
administration.
Acquisition planning should begin? - Answer: As soon as the agency need is identified
Which of the following is an exception to obtaining certified cost or pricing data? - Answer: Adequate
price competition
The contracting officer shall take which of the following actions to encourage small business
participation in acquisitions? - Answer: Divide acquisitions into reasonably small lots to permit offers on
quantities less than the total requirement.
Government contract types are grouped into two broad categories: fixed-price contracts and? - Answer:
Cost-reimbursement contracts
Incentive contracts are designed to obtain specific acquisition objectives by? - Answer: Motivating
contractor efforts that might not otherwise be emphasized
Agencies shall conduct market research? - Answer: Appropriate to the circumstances