Are you preparing for the certified contract manager certification exam? The quiz below is perfect for helping you out with your revision as it combines most of the topics covered and some questions from past exams that some students had a hard time answering. Do you think you can tackle it with ease? Give it a try and be on the lookout for another like it!
An unauthorized commitment may be ratified as long as funds are available
The contracting officer is the ratification approval authority for actions up to $2,500
Agencies should take positive action to preclude the need for ratification actions
Proper delegation of micro-purchase authority eradicates any need for ratification procedures
Ratification
Determination and Findings
Contracting Officer's Final Decision
Waiver
Apply to one and only one contracting action
Shall be for an indefinite period
Must be signed by the requesting official
Provide authority for contracting actions for the same or related supplies or services or other contracting actions that require essentially identical justification
Contracting
Requirements definition
Acquisition
Procurement
A commercialitem which has been minimally modified to meet Government requirements
An item that evolved from an item which has not been sold to the general public
An item that has been offered, to the general public
A nondevelopmental item used exclusively for governmental purposes
Combining
Consolidating
Bundling
Mixing
Awards and notices of awards and grants
Letter contracts and cooperative agreements
Letter contracts and job orders issued under Basic Ordering Agreements
Blanket Purchase Agreements and lmprest Funds
Simplified acquisition procedures
Priced options, amortization of nonrecurring costs, and simplified acquisition procedures
Simplified acquisition procedures, costs, and multiyear oontracting
Multiyear contracting, priced options, and amortization of nonrecurring costs
They discourage competition
Such arrangements may lead to attempted or actual exercise of improper influence
They result in excessive overhead costs
Accountability of costs idifficult to track
By the Chief Financial officer
By the head of the contracts department
In the corporate name, followed by the word "by" and the signature and title of the person authorized to sign
By the Chief Executive Officer
$500,000
$3,500,000
$5,000,000
$10,000,000
Assisting local trade association in disseminating information to their members, announcements in magazines at no cost, phone calls
Synopsis in the Government-wide point of entry, phone calls, and paid advertisements c. Assisting local trade association in disseminating information to their members, announcements in magazines at no cost, and synopsis in the Government-wide point of entry
Assisting local trade association in disseminating information to their members, announcements in magazines at no cost, and synopsis in the Government-wide point of entry
Paid advertisements in newspapers published and printed in the District of Columbia when supplies and services will not be supplied/furnished in or around the District of Columbia
Time permits the solicitation, submission, and evaluation of sealed bids
Award will be made on the basis of price and other price related factors
It is necessary to conduct discussions
The resulting contract will be with a small business
$25,000
$550,000
1,500,000
$5,500,000
A $1M contract for construction
A contract awarded using the simplified acquisition procedures of Part 13
A contract modification for $1M that is within the scope and under the terms of an existing, t contract
A $1M task order placed against a task order contract entered into pursuant to Subpart 16.5
Competition Advocate
Head of the Contracting Activity
Small Business Office
Contract administrator
When a purchase request is received
When a Statement of Work is received
As soon as the agency need is identified
Within 30 days of receipt of the purchase request
Commerce Department
Executive Department
General Services Administration
Defense Logistics Agency
GSA Advantage!
GSA Stock
E-Buy
Customer Supply Center
JWOD participating nonprofit agencies
FederalPrison Industries, Inc.
Commercial sources
Federal Supply Schedule
Research and Development
Products requiring qualifications before award
Products normally sold in commercial market
Products requiring an approved first article to serve as a manufacturing standard
Testing or other quality assurance demonstration that must be completed before award
Testing that must be completed before the first item is delivered under the contract
Testing or other quality assurance demonstration that is always at the contractor's expense
Approving a contractor's quality system
If detailed government specifications exist
A fair and reasonable price
The government's requirements
The extent to which commercial items or nondevelopmentalitems could satisfy the need
Must reevaluate the need and determine whether it can be restated to permit commercial or nondevelopmental items to satisfy them
May set-aside the procurement
Are authorized to pursue the acquisition as a restricted procurement
Shall solicit and award any resultant c(mtract using FAR Part 12 policies and procedures
The means determined by the requiring activity
Specific number of days from the date of the contract
Specific time for delivery after receipt by the buyer of each order under the contract
Any means the contractor specified in its bid or proposal
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