Exam (elaborations)
Con 3900 Exam Questions and Answers (Latest Update 2024)
- Course
- Institution
Con 3900 Exam Questions and Answers (Latest Update 2024)
[Show more]
Content preview
Con 3900 Exam Questions and Answers (Latest Update 2024)Express Actual Authority: - Correct Answer ✅Authority explicitly given to the agent through the principal's written or oral instructions
Implied Actual Authority: - Correct Answer ✅authority to do what is usual, customary and necessary to accomplish the action. No express agreement
Apparent Authority: - Correct Answer ✅someone reasonably believes an individual has the authority to act on the behalf of the government
Delegation of authority: - Correct Answer ✅he FAR and states that each authority is delegable unless specifically stated otherwise (FAR 1.108(b)).
contract: - Correct Answer ✅mutually binding legal relationship obligating the seller to furnish the supplies or services (including construction) and the buyer to pay for them in writing Con 3900 Exam Questions and Answers (Latest Update 2024)
Mutual Assent: - Correct Answer ✅meeting of the minds. parties involved in a contract must come to an agreement about the details of the transaction and each party either makes a promise or begins or renders performance.
Capacity: - Correct Answer ✅refers to the legal competence
of a person to enter a valid contract.
Consideration: - Correct Answer ✅something of value that a promisor (the offeror) receives from a promisee (the offeree) in return for his or her offer.
Lawful Purpose: - Correct Answer ✅the contract must not be for an unlawful purpose or contrary to public policy
Essential elements of a contract: - Correct Answer ✅Capacity Mutual assent Consideration Lawful purpose Con 3900 Exam Questions and Answers (Latest Update 2024)
FAR part 10: - Correct Answer ✅market research
Market research: - Correct Answer ✅the process used to determine if industry can support the acquisition "needs" of the Government. a continuous process for gathering and analyzing information about products and services that are available in marketplace.
Market research is conducted to determine: - Correct Answer ✅if commercial products/services or non-
developmental items are available to meet the Government's
needs or could be modified to meet the Government's needs (FAR10.002(b)).
Strategic market research: - Correct Answer ✅continuous. overall market developments, trends and capabilities. An example of strategic research is attending a trade show for a specific industry.
T actical Market: - Correct Answer ✅conducted at specific points during the acquisition process. provides a deeper Con 3900 Exam Questions and Answers (Latest Update 2024)
understanding of the market and answer specific questions about the capabilities, products or services available in the market.
Market research can be: - Correct Answer ✅Strategic or T actical
The Competition in Contracting Act of 1984, (CICA): - Correct
Answer ✅Generally, unless an exception applies or is otherwise expressly authorized by statute, Contracting Officers shall promote and provide for full and open competition in soliciting offers and awarding Government contracts.
Competitive Procedures: - Correct Answer ✅Sealed bids.
Competitive proposals
Combination of competitive procedures.(e.g., two-step sealed
bidding).
Other competitive procedures
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Allivia. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
71498 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now