CON 1100v Exam Questions and
Answers 100% Pass
Micro-purchase - CORRECT ANSWER-means an acquisition of supplies or
services using simplified acquisition procedures, the aggregate amount of which
does not exceed the micro-purchase threshold.
What is a Blanket Purchasing Agreement? - CORRECT ANSWER-a simplified
method of filling anticipated repetitive needs for supplies or services by
establishing "charge accounts" with qualified sources of supply.
How does a Blanket Purchasing Agreement work? - CORRECT ANSWER-It
works by establishing "charge accounts" with qualified sources of supply to fill
anticipated repetitive needs for supplies or services.
Simplified Acquisition Procedures - CORRECT ANSWER-a streamlined method
of acquiring goods and services that have an anticipated dollar value exceeding the
micro-purchase threshold but not exceeding the simplified acquisition threshold.
COTS - CORRECT ANSWER-Commercially available off-the-shelf
NDI - CORRECT ANSWER-Nondevelopmental item
, NDI - CORRECT ANSWER-Any previously developed item of supply used
exclusively for Gov't purposes by a Federal agency, a state of local Gov't, or
foreign Gov't with which the US has a mutual defense cooperation agreement
Simplified Acquisition Procedures - CORRECT ANSWER-Streamlined method of
acquiring goods and services that have an anticipated dollar value exceeding the
micro-purchase threshold (MPT) but not exceeding the simplified acquisition
threshold (SAT)
set aside - CORRECT ANSWER-reserving an acquisition for exclusive
participation by small business concerns
concern - CORRECT ANSWER-any business entity organization for profit with a
place of business in US and that makes significant contribution to US economy
through payment of taxes, use of American products, material and/or labor
rule of two - CORRECT ANSWER-reasonable expectation of obtaining offers
from two of more responsible small business concerns
small business concern - CORRECT ANSWER-Concern that is independently
owned and operated, not dominant in the field of operation
8a Program - CORRECT ANSWER-Was created to provide business
development and procurement assistance to small disadvantaged businesses.
formal source selection - CORRECT ANSWER-used for high-dollar value or
complex acquisitions where someone other than the procuring contracting officer
Answers 100% Pass
Micro-purchase - CORRECT ANSWER-means an acquisition of supplies or
services using simplified acquisition procedures, the aggregate amount of which
does not exceed the micro-purchase threshold.
What is a Blanket Purchasing Agreement? - CORRECT ANSWER-a simplified
method of filling anticipated repetitive needs for supplies or services by
establishing "charge accounts" with qualified sources of supply.
How does a Blanket Purchasing Agreement work? - CORRECT ANSWER-It
works by establishing "charge accounts" with qualified sources of supply to fill
anticipated repetitive needs for supplies or services.
Simplified Acquisition Procedures - CORRECT ANSWER-a streamlined method
of acquiring goods and services that have an anticipated dollar value exceeding the
micro-purchase threshold but not exceeding the simplified acquisition threshold.
COTS - CORRECT ANSWER-Commercially available off-the-shelf
NDI - CORRECT ANSWER-Nondevelopmental item
, NDI - CORRECT ANSWER-Any previously developed item of supply used
exclusively for Gov't purposes by a Federal agency, a state of local Gov't, or
foreign Gov't with which the US has a mutual defense cooperation agreement
Simplified Acquisition Procedures - CORRECT ANSWER-Streamlined method of
acquiring goods and services that have an anticipated dollar value exceeding the
micro-purchase threshold (MPT) but not exceeding the simplified acquisition
threshold (SAT)
set aside - CORRECT ANSWER-reserving an acquisition for exclusive
participation by small business concerns
concern - CORRECT ANSWER-any business entity organization for profit with a
place of business in US and that makes significant contribution to US economy
through payment of taxes, use of American products, material and/or labor
rule of two - CORRECT ANSWER-reasonable expectation of obtaining offers
from two of more responsible small business concerns
small business concern - CORRECT ANSWER-Concern that is independently
owned and operated, not dominant in the field of operation
8a Program - CORRECT ANSWER-Was created to provide business
development and procurement assistance to small disadvantaged businesses.
formal source selection - CORRECT ANSWER-used for high-dollar value or
complex acquisitions where someone other than the procuring contracting officer
