Question 1

Which of the following is an example of a contract under which contractors could be authorized to use Government supply sources?

Options :

A : Government firm-fixed price contract

B : Contract under the Javits-Wagner-O'Day Act

C : A negotiated contract with a contractor that has no other Government cost-reimbursement type contracts

D : Time and materials contracts for repair of commercial equipment

Answer: B

Question 2

There are two value engineering approaches, the:

Options :

A : Contractor approach and the Government program

B : Government approach and the contractor program

C : Incentive approach and the mandatory program

D : Mandatory approach and the incentive program

Answer: C

Question 3

Which statement about proposal revisions is true?

Options :

A : A contracting officer may consider a revision to a proposal that has been eliminated or otherwise removed from the competitive range

B : Final proposal revisions may be oral

C : The contracting officer may request or allow proposal revisions to clarify and document understandings reached during negotiations

D : Cut off dates for submission of final proposal revisions are negotiated with each offeror

Answer: C

Question 4

Contracting activities shall employ simplified acquisition procedures to the maximum extent practicable for acquisitions of commercial items not exceeding:

Options :

A : $1,000,000

B : $100,000

C : $5,000,000

D : $3,000,000

Answer: C

Question 5

The process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit is called:

Options :

A : Technical analysis

B : Price analysis

C : Field pricing support analysis

D : Informal analysis

Answer: B