CON 1200V EXAM QUESTIONS AND ANSWERS A+ GRADED
Purpose of the Small Business Act
Established mandatory small business contracting goals & small business programs
applicable to all Federal agencies
Where in the FAR will you find Small Business Programs?
FAR part 19
What is the 8(a) Program?
A nine-year program that provides managerial, technical, and contractual assistance to
small disadvantage businesses (SDBs) to ready them for success in the private industry
What is the HUBZone Program?
The Historically Underutilized Business Zones (HUBZone) Program promotes economic
development for small businesses located in underutilized & economically distressed
regions (urban or rural) by stimulating capital investment, increasing job growth and
employment opportunities
What is the Service-Disabled Veteran-Owned Small Business (SDVOSB)
Program?
To maximize opportunities for small businesses owned by Service-Disabled Veterans
What is the Woman-Owned Small Business Program?
Provides equal access to federal contracting opportunities
What are the two sets of goals of the SBA?
1) Total $ value of prime contracts awarded to SBs
2) Total $ value of subcontracts awarded to SBs
Note:
-Both are expressed as a %
-Goals are established annually
What is a Set-Aside?
Reserving an acquisition exclusively for participation by small business concerns
What is a Sole Source?
A contract entered into after soliciting and negotiating with only one business
What is a Total Set-Aside?
An acquisition where you will only solicit/accept offers from small business concerns
What is a Partial Set-Aside?
When there are no, or not more than one small business concerns capable of
performing the entire work as currently defined. But it is possible to break the original
government requirement into 2 or more individual acquisitions that small business
concerns would be capable of performing
What is a similarly situated entity?
A first-tier sub that has the same small business program status as the prime AND is
considered small for the size standard under the NAICS code the prime contractor
assigned to the subcontract
What is the Limitations on Subcontracting Rule?
Dictates how much an SB prime contractor may subcontract, based on what category of
contract was awarded in
What are the four categories in the Limitations on Subcontracting Rule?
Purpose of the Small Business Act
Established mandatory small business contracting goals & small business programs
applicable to all Federal agencies
Where in the FAR will you find Small Business Programs?
FAR part 19
What is the 8(a) Program?
A nine-year program that provides managerial, technical, and contractual assistance to
small disadvantage businesses (SDBs) to ready them for success in the private industry
What is the HUBZone Program?
The Historically Underutilized Business Zones (HUBZone) Program promotes economic
development for small businesses located in underutilized & economically distressed
regions (urban or rural) by stimulating capital investment, increasing job growth and
employment opportunities
What is the Service-Disabled Veteran-Owned Small Business (SDVOSB)
Program?
To maximize opportunities for small businesses owned by Service-Disabled Veterans
What is the Woman-Owned Small Business Program?
Provides equal access to federal contracting opportunities
What are the two sets of goals of the SBA?
1) Total $ value of prime contracts awarded to SBs
2) Total $ value of subcontracts awarded to SBs
Note:
-Both are expressed as a %
-Goals are established annually
What is a Set-Aside?
Reserving an acquisition exclusively for participation by small business concerns
What is a Sole Source?
A contract entered into after soliciting and negotiating with only one business
What is a Total Set-Aside?
An acquisition where you will only solicit/accept offers from small business concerns
What is a Partial Set-Aside?
When there are no, or not more than one small business concerns capable of
performing the entire work as currently defined. But it is possible to break the original
government requirement into 2 or more individual acquisitions that small business
concerns would be capable of performing
What is a similarly situated entity?
A first-tier sub that has the same small business program status as the prime AND is
considered small for the size standard under the NAICS code the prime contractor
assigned to the subcontract
What is the Limitations on Subcontracting Rule?
Dictates how much an SB prime contractor may subcontract, based on what category of
contract was awarded in
What are the four categories in the Limitations on Subcontracting Rule?
