The contracting officer may use Market Research conducted within ___________ months before the award of any task or delivery order if the information is still correct, accurate & relevant.

(A) 6
(B) 24
(C) 18
(D) 12

Contract performance or delivery schedules may be expressed in terms of:

A. Specific calendar dates
B. Specific periods from the date of the contract
C. Specific periods from the date of receipt
D. All of the above
E. None of the above

After the Government has terminated for either cause or convenience, what is the preferred remedy/course of action to acquire products or services needed?

A. Acquire similar items from another contractor and charge the defaulted contractor with any exces

“Indirect cost rate” means the percentage or dollar factor that expresses the ratio of indirect expense incurred in a given period to direct labor cost, manufacturing cost, or another appropriate base for the same period (see also “final indirect cost rat

What is the Simplified Acquisition Threshold?

A. $200,000
B. $300,000
C. $150,000
D. $1M

2. Which is not a technique for conducting market research?

(A) Conducting interchange meetings or holding presolicitation conferences
(B) Using the same supplier that was used previously
(C) Communicating online with industry, acquisition personnel, and

When establishing a contract delivery or performance schedule, consideration shall be given to applicable factors such as the:

A. Place of performance
B. Transportation time
C. Industry Practices
D. Both b and c

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

A. $1,000,000
B. $650,000
C. $6,500,000
D. $3,500,000

“Federally Funded Research and Development Centers (FFRDC’s)” means activities that are sponsored under a broad charter by a Government agency (or agencies) for the purpose of performing, analyzing, integrating, supporting, and/or managing basic or applie

What is the micro-purchase threshold for acquisition of construction subject to the Davis Bacon Act?

A. $1,500
B. $2,000
C. $2,500
D. $3,000

The results of market research should be used to:

(A) Determine if sources exist that are capable of satisfying the agency’s requirements
(B) Ensure maximum practicable use of recovered materials and promote energy conservation and efficiency
(C) Determ

What agency administers the Defense Priorities and Allocations System (DPAS)?

A. Department of Defense (DOD)
B. Department of Commerce (DOC)
C. General Services Administration (GSA)
D. Department of Energy (DOE)

Cost Accounting Standards
A. Apply to all acquisitions for commercial items
B. Apply only to commercial acquisitions from large businesses
C. Never apply to commercial acquisitions
D. Do not apply to contracts and subcontracts for commercial acquisition u

“Cost or pricing data” contains all of the below mentioned factors except,

A. Factual
B. Verifiable
C. Historical
D. Judgmental

What is the Acquisition Strategy Threshold?

A. $4 million
B. $6 million
C. $7 million
D. $8 million

4. Which one is not correct? Agencies must use the results of market research to determine if commercial items or, to the extent commercial items suitable to meet the agency’s needs are not available, nondevelopmental items are available that:
(A) Could

If the contractor delivers excess quantities of an item under a supply contract, over and above the variation in quantity authorized, the government may keep the items without compensating the contractor, provided the value of the excess items does not ex

What is the variation in quantities delivered, that the government may authorize, in a fixed-price supply contract?

A. 10%, for all fixed-price supply contract.
B. Usual quantity variation percentage, set by supplier
C. Standard quantity variation amoun

Which of the following are included in the definition of “contracts”?

A. Awards and notices of awards and grants

B. Letter contracts and cooperative agreements

C. Letter contracts and job orders issued under basic ordering agreements

What is the Simplified Acquisition Threshold in support of contingency operations outside the U.S.?

A. $1 million
B. $4 million
C. $5 million
D. $750,000

The factors of determining if commercial or non-commercial items are available to meet the government’s needs or could be modified to meet them are:

(A) Laws and Regulations
(B) Estimated dollar value
(C) Type of Industry
(D) Source lists

The government may accept a variation in the quantities delivered under a fixed-price supply contract, and should be based on normal commercial practices of a particular industry, however the permissible variation shall not exceed:

A. +/- 5%
B. > 5%
C. +

Unless otherwise provided in section 12.207(b), agencies shall use which of the following contract type(s) for the acquisition of commercial items?

A. Any type of contract
B. Fixed-price contract with prospective price redetermination
C. Firm-fixed-price

A written demand or written assertion by the contractor seeking the payment of money, is not a claim under the Contract Disputes Act of 1978 until certified as required by the Act, unless it is greater than what dollar amount?

A. $100,000
B. $200,000
C.