Question 1

______________ is a key ingredient in solicitation planning and in the solicitation document to be developed.

Options :

A : systematic procedure

B : statement of work

C : standard forms

D : expert judgment

Answer: B

Question 2

The cost-plus-a-percentage-of-cost contract provides for the seller to receive reimbursement for its actual cost and a profit component, called __________, equal to some predetermined percentage of its actual costs.

Options :

A : fee

B : statement

C : penalty

D : None of the above

Answer: A

Question 3

A fixed fee that the seller will earn no matter how its performance is evaluated in known as:

Options :

A : incurred fee

B : award fee

C : period fee

D : base fee

Answer: D

Question 4

The technique used to evaluate ______________ is price analysis.

Options :

A : Competitiveness

B : Sources

C : Services

D : Product quality

Answer: A

Question 5

Which three types of evaluation standards express values?

Options :

A : absolute, minimum and relative

B : absolute, maximum and relative

C : risk, minimum and relative

D : absolute, maximum and productivity

Answer: A