Far Parts 1 - 5 - Quiz & Trivia

1. The antitrust laws are intended to

Ensure that markets operate competitively

Prevent members of the Acquisition Team from violating each others trust

Prevent contractors from establishing trusts as part of Executive Compensation

Deter subcontractors from making payments for the purpose of improperly rewarding favorable treatment

[source FAR 3.303(b)]

Explanation

[source FAR 3.303(b)]

About This Quiz

The questions in this quiz cover FAR Parts 1 - 5 and follow the material presented in the NCMA CFCM Study Guide.

2. ___________ means that the costs in an offeror's proposal - (1) Are realistic for the work to be performed; (2) Reflect a clear understanding of the requirements; and (3) Are consistent with the various elements of the offeror's technical proposal.

Cost reasonableness

Cost adequacy

Cost consistency

Cost realism

[source FAR 2.101]

Explanation

[source FAR 2.101]

3. Revisions to the FAR will be prepared and issued through the coordinated action of

The General Services Administration and FAR Secretariat

The Defense Acquisition Regulations Council and the Civilian Acquisition Council

The Defense Logistics Agency and the General Services Administration

The FAR Revisions Board and FAR Secretariat

[source FAR 1.201-1(a)]

Explanation

[source FAR 1.201-1(a)]

4. "Source Selection Information" is information which is determined by the head of the agency or contracting officer

As necessary information to be included in a Solicitation in order for Offerors to to prepare responsive offers or quotations

That its disclosure would jeopardize the integrity or successful completion of the Federal agency procurement to which the information relates

Be information the Source Selection Evaluation Board identified as critical deficiencies during the evaluation of unsuccessful Offerors solicitation responses

[source FAR 2.101]

Explanation

[source FAR 2.101]