Final Exam Chapter 5

Question 1

1. Competition requirements are waived by using simplified acquisition procedures.
   a. True
   b. False

Answer 1

b. False

Question 2

2. _______________ 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

Answer 2

d. Government Purchase Card

Question 3

3. 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

Answer 3

b. Time and materials contracts

Question 4

4. 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

Answer 4

d. Both a and b

Question 5

5. 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

Answer 5

d. All of the above

Question 6

6. 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

Answer 6

d. Justification and Approval

Question 7

7. 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

Answer 7

a. Other than full and open competition

Question 8

9. 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

Answer 8

e. All of the above

Question 9

10. 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

Answer 9

a. Buy American Act

Question 10

11. 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

Answer 10

b. Hurts by further devaluating the local currency

Question 11

12. 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

Answer 11

a. International agreement

Question 12

13. 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

Answer 12

c. An independent government estimate

Question 13

14. 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

Answer 13

b. When prices are based on adequate price competition

Question 14

15. 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

Answer 14

d. Pricing Negotiation Memorandum

Question 15

16. The 3-in-1 Tool automates the following form:
    a. DD Form 1155
    b. SF 44
    c. SF 1449
    d. DD Form 1150

Answer 15

b. SF 44

Question 16

17. The following are all guidelines for establishing a BPA EXCEPT:
    a. Should be prepared without a purchase requisition
    b. Shall not cite accounting and appropriation data
    c. Shall be prepared and issued on SF 1449, Solicitation Contract/Order for Commercial Items.
    d. None of the above

Answer 16

c. Shall be prepared and issued on SF 1449, Solicitation Contract/Order for Commercial Items.

Question 17

18. In extreme cases, the CCO is dual-hatted as the CCO and the _____?
    a. Paying agent
    b. Ordering officer
    c. Field ordering officer
    d. Both b and c

Answer 17

a. Paying agent

Question 18

19. The full spectrum of government financing should be considered to facilitate business partnerships and economic growth. Which form of payment presents the highest risk?
    a. Advance payments
    b. Payments for partial deliveries
    c. Performance based payments and commercial interim payments
    d. Progress Payments

Answer 18

a. Advance payments

Question 19

20. For a Field Ordering Officers (FOO) to use an SF44, the FOO must:
    a. Have written authorization from the field officer, trained by the paying agent, and teamed with another FOO
    b. Have written authorization from the Accounting Finance Officer (AFO), trained by the SCO, and teamed with a CCO
    c. Have written authorization from the CCO, been trained by the CCO, and teamed with a trained paying agent
    d. Have written authorization from the Battalion commander, trained by the SCO, and teamed with the CCO

Answer 19

c. Have written authorization from the CCO, been trained by the CCO, and teamed with a trained paying agent

Question 20

21. The FOO must maintain the original purchase request document, a copy of the SF 44 used for the purchase, logbook, original receipt of the purchase, and the Receipt for Property Received. If the vendor cannot provide an automated receipt the FOO must:
    a. Not purchase the item
    b. Substitute with a hand written receipt
    c. Cancel the SF44 order
    d. Go to another vender who can provide the item and the automated receipt

Answer 20

b. Substitute with a hand written receipt

Question 21

22. Unauthorized commitments may be ratified for the following reasons except
    a. Funds are available and were available at the time the unauthorized commitment was made
    b. The CO recommends payment and legal counsel concurs in the recommendation
    c. The individual that made the unauthorized commitment determines the price to be fair and reasonable
    d. The CO determines the price to be reasonable and fair

Answer 21

c. The individual that made the unauthorized commitment determines the price to be fair and reasonable