CON 2370 Simplified Acquisition Procedures Exam Questions with Correct Answers | Professor, Exams of Business Fundamentals

Download CON 2370 Simplified Acquisition Procedures Exam Questions with Correct Answers | Professor and more Exams Business Fundamentals in PDF only on Docsity! CON 2370 Simplified Acquisition Procedures Exam Questions with Correct Answers | Professor Verified | Graded A+ Which one of the following would result in the establishment of a contract? - Correct answer-Supplier's written acceptance of an order You are the contracting officer for a firm-fixed-price purchase order for commercial services with a value of $1,425,000. Your customer has notified you that one of the contractually required reports accepted by the Government was submitted five days late. You investigate and verify that the report was submitted late. Which one of the following statements regarding the nonconforming performance is FALSE? - Correct answer-The Government must pay for reperformance of the nonconforming service because the report was accepted You are reviewing the requirements package for the purchase of lab equipment for a health clinic that does not exceed the SAT. It must be compatible with the equipment currently being used at the clinic. This is essential in meeting the agency's needs. Market research identified only one manufacturer able to meet the requirement for compatible equipment. Which one of the following is correct regarding the policies for describing your agency's needs? - Correct answer-The basis for not providing for maximum competition must be documented in the contract file. Which one of the following statements about solicitations using SAP is correct? - Correct answer-The basis on which award will be made must be stated. Stating the relative importance assigned to each evaluation factor is not required. Buyers are encouraged to use best value Which one of the following is NOT a mandatory Government source for satisfying a supply requirement? - Correct answer-Commercial sources You have a requirement for a new contract for grounds maintenance at your military installation. The Base Commander has expressed the need for clearly stated performance objectives, as the current contractor performing the services is not meeting the Commander's expectations. Consistent with the order of precedence for requirements documents, which one of the following documents would be included in the new contract? - Correct answer-A Performance Work Statement (PWS) You are the contracting officer for a commercial services requirement with an estimated value of $2,600,000. None of the exceptions in FAR 5.202 apply. Which one of the following correctly describes the requirement for publicizing this proposed contract action? - Correct answer-Notice of the proposed action must be transmitted to the GPE. You have a requirement for administrative support with an estimated value of $1,500,000. Market research shows there are numerous potential offerors that are competitive in terms of market prices, quality, and delivery. The list of potential offerors includes 4 small businesses and 8 large businesses. Which one of the following statements is correct? - Correct answer-The entire acquisition must be set aside exclusively for small business. You are the contracting officer for a firm-fixed-price commercial services contract that was partially terminated for convenience. You are in the process of negotiating the termination settlement. Which You are the contracting officer for a commercial product requirement with an estimated value of $415,000. Six quotations that meet the Government's requirement were received in response to the solicitation and there is no reason to believe the proposed prices are unreasonable. Which one of the following statements about the price reasonableness determination is most appropriate? - Correct answer-Comparison of the quotations will likely meet the requirement to obtain market research in support of the fair and reasonable determination. You are the contracting officer for a requirement for a commercial product with an estimated value of $6,200. None of the exceptions in FAR 5.202 apply. Which one of the following correctly describes the requirement for publicizing this proposed contract action? - Correct answer-There is no requirement to publicize this action. You are the contracting officer for a firm-fixed-price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? - Correct answer-The contract is considered closed once you receive evidence of receipt of property and final payment Which one of the following is correct regarding documenting the award of a buy using SAP? - Correct answer-Award documentation should be kept to a minimum. Six quotes were received in response to your solicitation for new office equipment that utilized the lowest price technically acceptable source selection process. The quotes submitted by vendors A, B, and D were determined to be technically acceptable. Vendor A quoted a price of $146,500;Vendor B quoted a price of $128,250; and Vendor D quoted a price of $132,800. Which one of the following statements about the award decision is correct? - Correct answer-Vendor B is the apparent awardee and price reasonableness would be based on competition You have a requirement for a purchase with an estimated value of $13,000. The use of electronic commerce is not practical, and notice of the proposed contract action is not required. Which one of the following solicitation methods would be most appropriate? - Correct answer-Oral solicitation You have a requirement for an individual purchase for supplies with an estimated value of $5,875. The supplies are not immediately available. Which one of the following simplified acquisition methods would be the most appropriate to use? - Correct answer-Government Commercial Purchase Card You have a requirement for a purchase with an estimated value of $8,700. Which one of the following describes the competition requirement for this acquisition? - Correct answer-There is no requirements for competition if the price is considered reasonable. Which one of the following market research results would NOT support a commercial item determination? - Correct answer-The part sold to the general public needs' extensive modifications not customarily available in the commercial marketplace. Which one of the following mandatory Government sources is the first priority for satisfying a requirement for supplies? - Correct answer-Inventories of the requiring agency You have a requirement for a one-time purchase with an estimated value of $18,700. This acquisition is not required to be synopsized and access to the solicitation will not be provided in the GPE. Which one of the following describes the competition requirement for this acquisition? - Correct answer- Competition is normally obtained by soliciting from sources within the local trade area. You are the buyer for a construction requirement with an estimated value of $75,000. A notice of the proposed contract action is required. Which one of the following solicitation methods must be used? - Correct answer-Written solicitation You are the contracting officer for a firm-fixed-price purchase order for commercial supplies with a value of $565,000. Two weeks after delivery and acceptance of the items, the end user complains that the goods are not functioning as expected. You investigate and determine that the items are not fully compliant with the specification in the contract. Who would bear the cost of correcting the nonconforming supplies that were accepted by the Government? - Correct answer-The Contractor You are the contracting officer for a services contract that contains options. You send the preliminary notice of your intent to extend the contract five days after the deadline outlined in the options clause. Which one of the following statements is correct? - Correct answer-You no longer have the right to exercise the option using a unilateral modification. Which one of the following is correct regarding documenting the award of a buy using SAP? - Correct answer-Records of oral price quotations must be established to clearly reflect the appropriateness of the award decision. Award documentation should be kept to a minimum. You just made a purchase for services in the amount of $20,700. You used a written solicitation to solicit quotations from three local sources. Which one of the following statements is correct regarding providing notice to the unsuccessful vendors? - Correct answer-Notice to the unsuccessful vendors will only be given if requested Which one of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - Correct answer-The purpose of SAP is to improve opportunities for small businesses to obtain a fair portion of Government contracts. Purchases shall be made in the simplified manner that is most suable to the circumstances of the acquisition. You have just been informed that a purchase order you recently awarded for noncommercial supplies is no longer needed and must be cancelled. The order was accepted in writing by the contractor. Which one of the following statements is true? - Correct answer-The purchase order must be terminated in accordance with FAR part 49 or FAR 52.213-4 Which one of the following would result in the establishment of a contract? - Correct answer-Supplier's written acceptance of an order Which one of the following mandatory Government sources is the first priority for satisfying a requirement for services? - Correct answer-Services from Federal Prison Industries, Inc. You are the contracting officer for a noncommercial bilateral purchase order for supplies valued at $155,600. Which one of the following actions would be executed using a unilateral modification? - Correct answer-Issuing a termination notice You have a repetitive requirement for individual purchases of the same commercial service. The estimated value of the individual purchases range from $75,000 to $500,000. Which one of the following simplified acquisition methods would be the most appropriate to use? - Correct answer-Blanket Purchase Agreement (BPA) You are the contracting officer for a firm-fixed-price services contract valued at $105,975. Which one of the following statements about contract closeout is correct? - Correct answer-The contract is considered closed once you've received evidence of receipt of services and final payment