Questions and Correct
Answers | New Update
What is the Far? - ANSWER ✔✔The primary document that list the
rules, policies and procedures, and general standards.
What price analysis is the preferred technique to determine whether the
apparent successful contractor's quoted price is fair and reasonable? -
ANSWER ✔✔Comparison of the quoted prices received in response
to the solicitation
In the department of defense (DoD),m who has authority to enter into a
contract and bind the government. - ANSWER ✔✔Contracting officer
, What statement is valid regarding the use if proposal analysis technique
to determine a price fair and reasonable? - ANSWER ✔✔Price
analysis is used when certified cost or pricing data is not required
Market research can be strategic or tactical. Which of the following is a
characteristic of strategic market research - ANSWER ✔✔Enables
acquisition team to stay informed about overall market development,
trends, and capabilities.
Which one of the following is an advantage to full an open competition ?
- ANSWER ✔✔Provides an incentive for contractor to provide grids
and services at a lower price.
Effective communication minimizes the effect of personal biases, m
maximizes the likelihood of successful results, and facilitates
communication among affected stakeholders. - ANSWER ✔✔True
Which stage of the contracting life concluded with the receipt of
comprehensive, responsive proposals - ANSWER ✔✔The solicitation
stage
In what acquisition life cycle stage should the contracting officer engage
with industry to discover contractor motivation factors needed to