CON 7800 COMMERCIAL ACQUISITION UPDATED
TESTED QUESTIONS AND ANSWERS SURE A+
✔✔SCENARIO: You have been unable to obtain market pricing to perform a price
analysis and the offeror has been unable to provide information on recent prices paid by
the goverment and commercial customers for the same or similar product under similar
terms and conditions.
What other information should the contracting officer request from the offeror to aid in
making a price reasonableness determination? (Select three that apply). - ✔✔-Prices
paid for alternative solutions or approaches.
-Prices paid for similar levels of work or effort on related products.
-Prices paid for the same or similar products sold under different terms and
✔✔SCENARIO: You have gathered all the information you can find from government
sources for a particular agency need. You are unsure how much time to spend on public
sources. You ask a colleague.
Which of the following is good advice? - ✔✔*1 look at customer terms and conditions in
the industry, trends in the marketplace, and other factors that affect market prices in the
industry.*
, ✔✔SCENARIO: Assume you have found an existing commercial determination (CD).
Based on the decision tree, "Identifying and Evaluating a Prior CD Steps," Which
statement is true? - ✔✔You document any decision regarding a prior CD in the contract
file.
✔✔Wrong answers; SCENARIO: You are completing Step 3 in the commercial
acquisition process (determining a fair and reasonable price). You are trying to
determine the scope and breadth of the market research you need to perform at this
point.
Which statements are true? - ✔✔* You need to gather at least some sales, pricing, and
cost data from the contractor to complete the necessary scope.
-Federal Acquisition Regulation (FAR) 15.404-1(b)(2) and Defense Federal Acquisition
Regulation Supplement (DFARS) 212.209 give guidance on the amount of research and
type of analysis you need to perform at this stage.
✔✔SCENARIO: You have gathered all the information you can find from government
sources for a particular agency need. You are unsure how much time to spend on public
sources. You ask a colleague.
Which of the following is good advice? - ✔✔*1 look at customer terms and conditions in
the industry, trends in the marketplace, and other factors that affect market prices in the
industry.*
✔✔SCENARIO: Your preliminary research indicates that a pressure sensor, a
component of an existing commercial product, may be suitable for government use.
However, the existing product as a whole is not similar enough to our overall
requirement to be evaluated as "of a type" for this Which is the best market research
action to take - ✔✔Explore market research on the component separately from the
complete product
✔✔Which changes could trigger a price adjustment to the baseline pricing models?
(Select all that apply) - ✔✔A change in quantity
A change in financing terms
Changes in other complexity factors
An escalation in material prices
✔✔SCENARIO: You are talking to another contracting officer about how to make
comparisons and judge differences as you determine whether products fit into the "of a
type" Federal Acquisition Regulation (FAR) commercial product definition (paragrapns
(100) and (1109).
Which is the best example to use? - ✔✔A military fighter aircraft compared to a
passenger aircraft, both incorporating many of the same components and manufactured
by the same company.
TESTED QUESTIONS AND ANSWERS SURE A+
✔✔SCENARIO: You have been unable to obtain market pricing to perform a price
analysis and the offeror has been unable to provide information on recent prices paid by
the goverment and commercial customers for the same or similar product under similar
terms and conditions.
What other information should the contracting officer request from the offeror to aid in
making a price reasonableness determination? (Select three that apply). - ✔✔-Prices
paid for alternative solutions or approaches.
-Prices paid for similar levels of work or effort on related products.
-Prices paid for the same or similar products sold under different terms and
✔✔SCENARIO: You have gathered all the information you can find from government
sources for a particular agency need. You are unsure how much time to spend on public
sources. You ask a colleague.
Which of the following is good advice? - ✔✔*1 look at customer terms and conditions in
the industry, trends in the marketplace, and other factors that affect market prices in the
industry.*
, ✔✔SCENARIO: Assume you have found an existing commercial determination (CD).
Based on the decision tree, "Identifying and Evaluating a Prior CD Steps," Which
statement is true? - ✔✔You document any decision regarding a prior CD in the contract
file.
✔✔Wrong answers; SCENARIO: You are completing Step 3 in the commercial
acquisition process (determining a fair and reasonable price). You are trying to
determine the scope and breadth of the market research you need to perform at this
point.
Which statements are true? - ✔✔* You need to gather at least some sales, pricing, and
cost data from the contractor to complete the necessary scope.
-Federal Acquisition Regulation (FAR) 15.404-1(b)(2) and Defense Federal Acquisition
Regulation Supplement (DFARS) 212.209 give guidance on the amount of research and
type of analysis you need to perform at this stage.
✔✔SCENARIO: You have gathered all the information you can find from government
sources for a particular agency need. You are unsure how much time to spend on public
sources. You ask a colleague.
Which of the following is good advice? - ✔✔*1 look at customer terms and conditions in
the industry, trends in the marketplace, and other factors that affect market prices in the
industry.*
✔✔SCENARIO: Your preliminary research indicates that a pressure sensor, a
component of an existing commercial product, may be suitable for government use.
However, the existing product as a whole is not similar enough to our overall
requirement to be evaluated as "of a type" for this Which is the best market research
action to take - ✔✔Explore market research on the component separately from the
complete product
✔✔Which changes could trigger a price adjustment to the baseline pricing models?
(Select all that apply) - ✔✔A change in quantity
A change in financing terms
Changes in other complexity factors
An escalation in material prices
✔✔SCENARIO: You are talking to another contracting officer about how to make
comparisons and judge differences as you determine whether products fit into the "of a
type" Federal Acquisition Regulation (FAR) commercial product definition (paragrapns
(100) and (1109).
Which is the best example to use? - ✔✔A military fighter aircraft compared to a
passenger aircraft, both incorporating many of the same components and manufactured
by the same company.
