L3ABR6C031 Contracting
Apprentice Block 2
1. 7A-123.) Which FAR Part dictates how the federal
government conducts market research?: FAR Part 10, Market
Research
2. 7A-123.) What is "market research" IAW FAR Subpart
2.101?: Market re- search is "collecting and analyzing information
about capabilities within the market to satisfy agency needs"
3. 7A-123.) How shall market research be conducted according
to FAR Subpart
10.001?: 1.) Appropriate to the circumstances
2.)Before developing new requirements
3.) On an ongoing basis
4.) Over the SAT - before soliciting offers
,5.) Below the SAT - before soliciting offers when adequate
information is not available and the circumstances justify the cost
4. 7A-124.) (True/False) "Tablet" is a sufficient enough
description to proceed with market research.: False. Your
"description of need" should include as much context as possible
to ensure that the government has an idea of what to look for.
5. 7A-124.) FAR Subpart 10.002(b)(1) explains that market
research will vary depending on ,
, , and .: 1.) urgency
2.) estimated dollar value
3.) complexity
4.) and past experiences
6. 7A-124.) What are the four techniques available to perform
market research according to FAR Subpart 10.002(b)(2)?: 1.)
Contacting knowledgeable individu- als in government and industry
2.) Review the results of recent market research
3.) Publish formal request for information
,4.) Query the government-wide database of contracts
, 7. 7A-125.) The FAR requires contracting professionals to do
what with market research?: To "use the results of their market
research to make acquisition planning decisions."
8. 7B-127.) What is the DPAP?: The Defense Procurement and
Acquisition Policy.
9. 7B-127.) According to the DPAP, what is strategic sourcing?:
Strategic sourc- ing is the collaborative and structured process of
critically analyzing an organiza- tion's spending and using this
information to make business decisions.
10. 7B-127.) What is supply chain management?: Supply chain
management is a system involving various functions that come
together for complex and large scale acquisitions.
11. 7B-127.) Name the common functions in the supply chain.:
1.) Procurement
2.) logistics
3.) inventory control
4.) product life-cycle management
5.) demand management
Apprentice Block 2
1. 7A-123.) Which FAR Part dictates how the federal
government conducts market research?: FAR Part 10, Market
Research
2. 7A-123.) What is "market research" IAW FAR Subpart
2.101?: Market re- search is "collecting and analyzing information
about capabilities within the market to satisfy agency needs"
3. 7A-123.) How shall market research be conducted according
to FAR Subpart
10.001?: 1.) Appropriate to the circumstances
2.)Before developing new requirements
3.) On an ongoing basis
4.) Over the SAT - before soliciting offers
,5.) Below the SAT - before soliciting offers when adequate
information is not available and the circumstances justify the cost
4. 7A-124.) (True/False) "Tablet" is a sufficient enough
description to proceed with market research.: False. Your
"description of need" should include as much context as possible
to ensure that the government has an idea of what to look for.
5. 7A-124.) FAR Subpart 10.002(b)(1) explains that market
research will vary depending on ,
, , and .: 1.) urgency
2.) estimated dollar value
3.) complexity
4.) and past experiences
6. 7A-124.) What are the four techniques available to perform
market research according to FAR Subpart 10.002(b)(2)?: 1.)
Contacting knowledgeable individu- als in government and industry
2.) Review the results of recent market research
3.) Publish formal request for information
,4.) Query the government-wide database of contracts
, 7. 7A-125.) The FAR requires contracting professionals to do
what with market research?: To "use the results of their market
research to make acquisition planning decisions."
8. 7B-127.) What is the DPAP?: The Defense Procurement and
Acquisition Policy.
9. 7B-127.) According to the DPAP, what is strategic sourcing?:
Strategic sourc- ing is the collaborative and structured process of
critically analyzing an organiza- tion's spending and using this
information to make business decisions.
10. 7B-127.) What is supply chain management?: Supply chain
management is a system involving various functions that come
together for complex and large scale acquisitions.
11. 7B-127.) Name the common functions in the supply chain.:
1.) Procurement
2.) logistics
3.) inventory control
4.) product life-cycle management
5.) demand management
