Final Exam Chapter 5 Flashcards
1
Q
- Competition requirements are waived by using simplified acquisition procedures.
a. True
b. False
A
b. False
2
Q
- _______________ is the preferred method of purchasing supplies and services within the micro-purchase threshold.
a. Imprest Funds
b. Third Party Drafts
c. Standard Form 44
d. Government Purchase Card
A
d. Government Purchase Card
3
Q
- DoD has been instructed to reduce the use of noncompetitive contracts, cost reimbursable contracts, and _______________ because they pose special risks of overspending.
a. Fixed-price incentive contracts
b. Time and materials contracts
c. Fixed-price with economic price adjustment contracts
d. Both a and c
A
b. Time and materials contracts
4
Q
- In a contingency environment, time and materials and labor hours may be appropriate contract types to use when:
a. The need for services is clearly understood
b. The particular parameters of required materials cannot be established at the award of contract
c. There is adequate price competition
d. Both a and b
A
d. Both a and b
5
Q
- When determining the appropriate contract type to use, you should consider the following:
a. Commerciality of the requirement
b. Cost risk
c. Acquisition method
d. All of the above
A
d. All of the above
6
Q
- What document must the CCO fill out to accompany an Urgent and Compelling request?
a. Determinations and Findings
b. Military In-departmental Purchase Request
c. A letter from the customer describing their needs
d. Justification and Approval
A
d. Justification and Approval
7
Q
- A J&A is needed when awarding Contracts using;
a. Other than full and open competition
b. Full and open competition
c. Full and open with exclusion of sources
d. Other than full and open with exclusion of sources
A
a. Other than full and open competition
8
Q
- Contract files for oral solicitations or request for proposals should include:
a. A justification for use of an oral solicitation
b. Item description, quantity, and delivery schedule
c. Sources solicited and prices quoted.
d. The solicitation number provided to the prospective offerors
e. All of the above
A
e. All of the above
9
Q
- For most acquisitions conducted overseas in support of a foreign contingency operation, they will not be subject to:
a. Buy American Act
b. The Truth in Negotiations Act
c. FAR Part 13, Simplified Acquisition Procedures
d. Berry Amendment
A
a. Buy American Act
10
Q
- An influx of US dollars on the local economy often times:
a. Helps the local economy by increasing the flow of local currency
b. Hurts by further devaluating the local currency
c. Stabilizes both the American and local economy
d. Increases chances for award
A
b. Hurts by further devaluating the local currency
11
Q
- Contracts entered into and performed outside the US with local foreign firms will be priced and paid in local currency, unless a(n) _________ provides for payment in dollars or the contracting officer determines the use of local currency to be inequitable or inappropriate.
a. International agreement
b. HCA
c. Embassy contractor
d. All of the above
A
a. International agreement
12
Q
- All contract requirements over the Simplified Acquisition Threshold (SAT) require:
a. Competition
b. Certified cost and pricing
c. An independent government estimate
d. A source selection plan
A
c. An independent government estimate
13
Q
- Contracting officers are not required to obtain certified cost or pricing data from offerors:
a. On all contract modifications
b. When prices are based on adequate price competition
c. On all contract actions under 1 million
d. All of the above
A
b. When prices are based on adequate price competition
14
Q
- When a CCO negotiates a contract, all negotiation results must be documented in a:
a. Continuity book under negotiations
b. Negotiations Determinations
c. Justification and Approval
d. Pricing Negotiation Memorandum
A
d. Pricing Negotiation Memorandum
15
Q
- The 3-in-1 Tool automates the following form:
a. DD Form 1155
b. SF 44
c. SF 1449
d. DD Form 1150
A
b. SF 44
