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CON 3990V CERTIFICATION EXAM ACTUAL
EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) ALL
ANSWERED {160 Q & A} ALREADY GRADED A+
| BRAND NEW!
What are the essential elements of a contract? - ✔✔✔ Correct
Answer
> 1. Capacity
2. Mutual Assent
3. Consideration
4. Lawful purpose
Which FAR Part is the best source of information regarding
competition requirements? - ✔✔✔ Correct Answer > FAR Part 6
(Competition Requirements)
Termination for ______ is the gov. unilateral contract right to
partially or completely terminate a contract.... of work under
a contract ______ - ✔✔✔ Correct Answer > Convenience
when it is in the government's best interest
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e
Where is in the FAR is contracting by negotiation covered? - ✔✔✔
Correct Answer > FAR Part 15
Termination for ______ is similar to default termination except
it applies to _________ formats - ✔✔✔ Correct Answer > Cause
Commercial Contracts
Termination for ________ is the exercise of the
Government's contractual to completely or partially
terminate a contract bc of contractor's actual or anticipated
_____ - ✔✔✔ Correct Answer > Default
Failure to Perform
Show Cause - ✔✔✔ Correct Answer > Used after the cure notice fails
to correct delinquency
What are the two main types of termination for non-commercial
contracts? - ✔✔✔ Correct Answer > Termination for Convenience
Termination for Default
What shall agencies use for acquisition of commercial items
(FAR Part 12)? - ✔✔✔ Correct Answer > Firm-Fixed Price
Fixed-Price Contracts w/ Economic Price Adjustment
What is the order for negotiations? (FAR Part 15) - ✔✔✔
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Correct Answer > Clarifications
e
Communications
Discussions
What are the elements of a Fixed-Price Incentive Firm
Contract?
- ✔✔✔ Correct Answer > Target Cost
Target Profit
Ceiling Price
Profit Adjustment Formula
Which clause is related to Acquisition? - ✔✔✔ Correct Answer >
52.215
- Instructions to Offerors - Competitive Acquistion
What is considered a contract action? - ✔✔✔ Correct Answer >
Contract action means any oral or written action that
results in the purchase, rent, or lease of supplies or
equipment, services, or construction.
What is latent defect? - ✔✔✔ Correct Answer > is one that is not
readily noticeable upon reasonable inspection at the time of
acceptance.
Who accepts the burden of latent defect? - ✔✔✔ Correct Answer >
The burden is on the government to prove that defective
material and workmanship was the probable cause of product
failure or non- conformance.
e
CON 3990V CERTIFICATION EXAM ACTUAL
EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) ALL
ANSWERED {160 Q & A} ALREADY GRADED A+
| BRAND NEW!
What are the essential elements of a contract? - ✔✔✔ Correct
Answer
> 1. Capacity
2. Mutual Assent
3. Consideration
4. Lawful purpose
Which FAR Part is the best source of information regarding
competition requirements? - ✔✔✔ Correct Answer > FAR Part 6
(Competition Requirements)
Termination for ______ is the gov. unilateral contract right to
partially or completely terminate a contract.... of work under
a contract ______ - ✔✔✔ Correct Answer > Convenience
when it is in the government's best interest
,2|Pag
e
Where is in the FAR is contracting by negotiation covered? - ✔✔✔
Correct Answer > FAR Part 15
Termination for ______ is similar to default termination except
it applies to _________ formats - ✔✔✔ Correct Answer > Cause
Commercial Contracts
Termination for ________ is the exercise of the
Government's contractual to completely or partially
terminate a contract bc of contractor's actual or anticipated
_____ - ✔✔✔ Correct Answer > Default
Failure to Perform
Show Cause - ✔✔✔ Correct Answer > Used after the cure notice fails
to correct delinquency
What are the two main types of termination for non-commercial
contracts? - ✔✔✔ Correct Answer > Termination for Convenience
Termination for Default
What shall agencies use for acquisition of commercial items
(FAR Part 12)? - ✔✔✔ Correct Answer > Firm-Fixed Price
Fixed-Price Contracts w/ Economic Price Adjustment
What is the order for negotiations? (FAR Part 15) - ✔✔✔
, 3|Pag
Correct Answer > Clarifications
e
Communications
Discussions
What are the elements of a Fixed-Price Incentive Firm
Contract?
- ✔✔✔ Correct Answer > Target Cost
Target Profit
Ceiling Price
Profit Adjustment Formula
Which clause is related to Acquisition? - ✔✔✔ Correct Answer >
52.215
- Instructions to Offerors - Competitive Acquistion
What is considered a contract action? - ✔✔✔ Correct Answer >
Contract action means any oral or written action that
results in the purchase, rent, or lease of supplies or
equipment, services, or construction.
What is latent defect? - ✔✔✔ Correct Answer > is one that is not
readily noticeable upon reasonable inspection at the time of
acceptance.
Who accepts the burden of latent defect? - ✔✔✔ Correct Answer >
The burden is on the government to prove that defective
material and workmanship was the probable cause of product
failure or non- conformance.
