Study Guide Questions And Answers Verified
100% Correct
Award can be made to Tool Warehouse only if the price can be determined
reasonable based on comparison to the IGE
x Award can be made to Tool Warehouse if the price can be determined reasonable
using any reasonable basis
Award can only be made to Tool Warehouse after obtaining approval for the
absence of competition
You have a requirement for a noncommercial purchase with an estimated value of
$225,000. Notice of the proposed contract action is required, and no exceptions
apply
Which one of the following solicitation methods would be most appropriate? -
ANSWER -Electronic Commerce
Not - Combined synopsis/solicitation. not written solicitation
Not - Oral Solicitation
Not - Written solicitation
You are the contracting officer for a commercial product requirement with an
estimated value of $415,000. Six quotations that meet the Government's
requirement were received in response to the solicitation and there is no reason to
believe the proposed prices are unreasonable.
Which one of the following statements about the price reasonableness
determination is most appropriate? - ANSWER -Not - There is no negotiations to
,conduct of obtain market research to support the determination of price
reasonableness.
Comparison of the quotations will likely meet the requirements to obtain market
research in support of the fair and reasonable determination
You are the contracting officer for a firm-fixed-price purchase order for
commercial services with a value of $1,425,000. Your customer has notified you
that one of the contractually required reports accepted by the Government was
submitted five days late. You investigate and verify that the report was submitted
late.
Which one of the following statements regarding the nonconforming performance
is FALSE? - ANSWER -
You are the contracting officer for a commercial services contract that contains
options. You send the preliminary notice of your intent to extend the contract
within the timeframe outlined in the options clause.
Which one of the following statements is correct? - ANSWER -Not - The
preliminary notice commits the Government to exercising the option.
Not - You no longer have the right to exercise the option.
Not - No further action is required to exercise the option.
Not - The option must be exercised using a bilateral modification.
You may exercise the option
You may exercise the option using unilateral modification
You have a requirement for a purchase with an estimated value of $8,700.
, Which one of the following describes the competition requirement for this
acquisition? - ANSWER -Not - quotes must be solicited from all sources within the
local trade area
There is no requirements for competition if the price is considered reasonable
You have a requirement for an individual purchase for supplies with an estimated
value of $5,875. The supplies are not immediately available
Which one of the following simplified acquisition methods would be the most
appropriate to use? - ANSWER -Not - Purchase Order
Not - SF 44
Not - Third Party Draft
Government Commercial Purchase Card
You have a requirement for a new contract for janitorial services at your military
installation. The Base Commander has expressed the need for clearly stated
performance objectives, as the current contractor performing the services is not
meeting the Commander's expectations - ANSWER -PWS
You have a requirement for administrative support with an estimated value of
$1,500,000. Market research shows there are numerous potential offerors that are
competitive in terms of market prices, quality, and delivery. The list of potential
offerors includes 4 small businesses and 8 large businesses.
Which one of the following statements is correct? - ANSWER -The entire
acquisition must be competed between the small and large businesses
Not - The entire acquisition must be set aside exclusively for small business.
The entire acquisition may be set aside exclusively for small business