ACQ 101 - Mod 1(complete solutions)

Which of the following are considered primary objectives of System Acquisition Management? (Select all that apply) correct answers o Satisfy the needs of operational users o Provide measurable improvements in functional capabilities o Acquire products in a timely manner at a fair and reasonable cost Which of the following best describes a system? correct answers Hardware, software, logistics support, and personnel An example of Better Buying Power in practice would be limiting the number of contractors that can bid on a contract to those that have provided low-cost solutions to DoD in the past. correct answers False Which of the following are areas of focus for Better Buying Power? (Select all that apply) correct answers o Affordable programs o Cost control throughout the product life cycle o Improve the professionalism of the Total Acquisition Workforce Which of the following are constraints that impact a program's goals and objectives? (Select all that apply) correct answers o Cost o Schedule o Performance Which of the following are components of risk? (Select all that apply) correct answers o Future root cause o Probability o Consequence Use of new material or processes is an example of what kind of risk? correct answers Performance Using multiple contractors or conducting multiple tests are examples of which type of risk strategy? correct answers Control Establishing a reserve fund or putting in monitoring processes are examples of which type of risk strategy? correct answers Accept Using a firm-fixed price contract is an example of which type of risk strategy? correct answers Transfer Reducing the scope of performance objectives is an example of which type of risk strategy? correct answers Avoid